Local Investment Schemes for Renewable Energy: A financial perspective

Publikation: Beiträge in SammelwerkenKapitelForschungbegutachtet

Authors

Local community investment in renewable energy projects has been high on the political agenda in Germany in recent years. It is especially discussed with respect to the development of wind energy projects. There are several reasons for engaging citizens financially in renewable energy projects, with two motivations recurring in the discussion: First, it is presented as a measure to minimize the risk of a lack of acceptance, even if the direct relation between acceptance and participation is contested by some authors. Secondly, projects owned by local citizens are said to offer higher profit in the region. No matter how the relations are explained between local investment on the one hand, and acceptance, regional profit creation processes, or concepts such as legitimacy, efficiency or effectiveness on the other, these motivations are major political arguments for local investment schemes in the current German context. Yet, the term “local investment scheme” is hardly ever defined, but used loosely, so as to include many different types of projects or companies. Building on previous work by the author, this chapter therefore gives a brief outline of what might be called local investment schemes in a proper sense (or “community energy schemes”) and local investment schemes in a broader sense (or “mere financial participation”). The chapter aims to present an overview of different forms of community ownership and other forms of financial participation in the context of the German Energiewende (Section 2).
Titel in ÜbersetzungBürgerbeteiligungsmodelle für erneuerbare Energien: Eine finanzwirtschaftliche Perspektive
OriginalspracheEnglisch
TitelRenewable Energy Law in the EU : Legal Perspectives on Bottom-up Approaches
HerausgeberMarjan Peeters, Thomas Schomerus
Anzahl der Seiten24
ErscheinungsortCheltenham
VerlagEdward Elgar Publishing
Datum26.12.2014
Seiten232-255
Aufsatznummer12
ISBN (Print)978-1-78347-318-2
ISBN (elektronisch)9781783473199
DOIs
PublikationsstatusErschienen - 26.12.2014

    Fachgebiete

  • Betriebswirtschaftslehre - Bürgerbeteiligung, Governance, Finanzierung, Erneuerbare Energien
  • Energieforschung - Energiegenossenschaften, Stadtwerke, Bürgerwindparks, Bürgerenergiegesellschaften, Investition

DOI