Abstract

http://ssrn.com/abstract=2083851
 


 



Mobilizing Public Markets to Finance Renewable Energy Projects: Insights from Expert Stakeholders


Paul Schwabe


National Renewable Energy Laboratory

Michael Mendelsohn


National Renewable Energy Laboratory

Felix Mormann


Stanford Law School; University of Miami School of Law

Doug Arent


Joint Institute for Strategic Energy Analysis

June 1, 2012

National Renewable Energy Laboratory Technical Report No. NREL/TP-6A20-55021

Abstract:     
Financing renewable energy projects in the United States can be a complex, time consuming, and expensive process. Currently, most equity investment in new renewable power production facilities is supported by tax credits and accelerated depreciation benefits, and is constrained by the pool of potential investors that can fully use these tax benefits and are willing to engage in complex financial structures. For debt financing, non-government lending to renewables has largely been provided by foreign banks that may be under future lending constraints due to economic and regulatory conditions.

To discuss these and other renewable energy financing challenges and to identify new sources of capital to the U.S. market, two roundtable discussions were held with renewable energy and financing experts in April 2012. This report summarizes the key messages of those discussions and is designed to provide insights to the U.S. market and inform the international conversation on renewable energy financing innovations.

Number of Pages in PDF File: 17

Keywords: renewables, energy, promotion, policy, regulation, cleantech, solar, wind, geothermal, innovation, gas, nuclear, oil, energy security, greenhouse gas, finance, investor, innovation, clean, tax credits, securitization, climate change, electricity, green, power, standardization, rating agency, retail

JEL Classification: D40, D62, E60, F01, H30, H51, H60, H70, K23, K32, L10, M13, O10, O32, O38, Q20, Q28, Q40, Q42, Q48

Accepted Paper Series





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Date posted: June 14, 2012  

Suggested Citation

Schwabe, Paul and Mendelsohn, Michael and Mormann, Felix and Arent, Doug, Mobilizing Public Markets to Finance Renewable Energy Projects: Insights from Expert Stakeholders (June 1, 2012). National Renewable Energy Laboratory Technical Report No. NREL/TP-6A20-55021. Available at SSRN: http://ssrn.com/abstract=2083851

Contact Information

Paul Schwabe
National Renewable Energy Laboratory ( email )
1617 Cole Blvd.
Golden, CO 80401-3393
United States
Michael Mendelsohn
National Renewable Energy Laboratory ( email )
1617 Cole Blvd.
Golden, CO 80401-3393
United States
Felix Mormann (Contact Author)
Stanford Law School ( email )
Steyer-Taylor Center for Energy Policy and Finance
559 Nathan Abbott Way
Stanford, CA 94305-8610
United States
University of Miami School of Law ( email )
1311 Miller Drive
Coral Gables, FL 33146
United States
Doug Arent
Joint Institute for Strategic Energy Analysis ( email )
15013 Denver West Parkway
Golden, CO 80401
United States
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