National Renewable Energy Laboratory Technical Report No. NREL/TP-6A20-55021
17 Pages Posted: 14 Jun 2012
Date Written: June 1, 2012
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.
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
Suggested Citation: 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: https://ssrn.com/abstract=2083851
By Brad Carson