Drivers and Barriers for Renewable Energy Investments in Emerging Countries – The Case of Wind Energy in China, India and Brazil

48 Pages Posted: 15 Nov 2015

See all articles by Friedemann Polzin

Friedemann Polzin

Utrecht University - School of Economics; Sustainable Business Institute (SBI)

Maximilian von den Hoff

EBS Universität für Wirtschaft und Recht - EBS Business School

Maximilian Jung

EBS Universität für Wirtschaft und Recht - EBS Business School

Date Written: November 13, 2015

Abstract

Developing and emerging countries are gaining importance on the renewable energy stage due to their growth prospects in several areas and a strong investment increase in the recent past. This paper is dedicated to investigating the drivers and barriers to investments in renewable energies in developing countries. It explores these by using a unique dataset of institutional investors comparing wind energy investments in India, China and Brazil (as representatives of the BRICS countries) by means of a case study. Factors affecting the investments of large institutional investors include the legal framework (including policies), the institutional environment (including infrastructure), overarching macro-economic stability (including currency risk) and growth potential.

Keywords: Renewable energy investments, emerging economies, wind energy, India, China, Brazil, barriers, drivers, government policy

JEL Classification: O33, O38, Q42, Q48

Suggested Citation

Polzin, Friedemann and von den Hoff, Maximilian and Jung, Maximilian, Drivers and Barriers for Renewable Energy Investments in Emerging Countries – The Case of Wind Energy in China, India and Brazil (November 13, 2015). Available at SSRN: https://ssrn.com/abstract=2690477 or http://dx.doi.org/10.2139/ssrn.2690477

Friedemann Polzin (Contact Author)

Utrecht University - School of Economics ( email )

Kriekenpitplein 21-22
Adam Smith Building
Utrecht, +31 30 253 7373 3584 EC
Netherlands

Sustainable Business Institute (SBI) ( email )

Burgstr. 4
Oestrich-Winkel, 65375
Germany

Maximilian Von den Hoff

EBS Universität für Wirtschaft und Recht - EBS Business School ( email )

Gustav-Stresemann-Ring 3
65189 Wiesbaden, Hessen
Germany

Maximilian Jung

EBS Universität für Wirtschaft und Recht - EBS Business School ( email )

Gustav-Stresemann-Ring 3
65189 Wiesbaden, Hessen
Germany

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