Abstract
In terms of development cycle, renewable energy (RE) projects entail funding supports from the technological innovation stage onwards. Due to uncertainties in resource availability and technical risk, only a limited variety of funding sources are available for startups. As the RE development project passes through this early stage into technical maturity, more funding sources may be attracted to bring it to commercial fruition. When the technology is eventually deployable to mass applications, even more funding venues exist, sometimes enabling exit of the original innovators via transfer of ownership, or fostering asset growth with investor participation in built facilities. Due to the environmental benefits to be harvested, governments have a pivotal role to play in relation to funding, either directly or indirectly at all stages.This research is aimed at identifying the developmental stages of RE projects and studying the inter-relationships with stakeholders, under the influence of technology push and market pull. Discussions are focused on different types of RE projects and modes of financing, culminating in a diagrammatic model depicting the various decision factors to assist funding-raising activities at different RE developmental stages. Illustrations are provided through a series of carefully selected case studies in western countries. This is followed by a discussion on RE development financing in the Asian context, with conclusions drawn in the light of recent emergence of new business models and a smart era. Decision makers in RE projects may regard this article as a guide for their fund raising activities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.