Please use this identifier to cite or link to this item:
Balks, Marita
Breloh, Philipp
Year of Publication: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Publisher:] Springer [Place:] Heidelberg [Volume:] 94 [Year:] 2014 [Issue:] 1 [Pages:] 26-33
Die Energiewende verläuft langsamer als geplant. Offensichtlich bleiben private Investoren zurückhaltend, obwohl das Zinsniveau niedrig ist, politische Zugeständnisse bei der Risikoverteilung gemacht wurden und erhebliche Fördersummen insbesondere über das Erneuerbare-Energien-Gesetz fließen. Am Beispiel von Offshore-Wind-Projekten werden mithilfe einer Sensitivitätsanalyse investitionsspezifische Risiken erfasst und Möglichkeiten aufgezeigt, wie die Investitionsbereitschaft erhöht werden kann.
Abstract (Translated): 
The German Energiewende is progressing more slowly than intended. Despite of high feed-in tariffs, private investors remain autious due to the risk profiles, especially in offshore wind. Sensitivities of DCF-based investment models confirm material risk impact, especially from lower wind availability and construction cost overruns. Political focus on the timely grid connection of regional feed-in tariff differentiation may not address investor needs, with the result that this will remain costly. The forthcoming updates to the renewable energy law should seek to mitigate wind availability risk; ease contributions from insurance companies, pension funds and private equity; and support financial innovation.
Persistent Identifier of the first edition: 
Document Type: 
Document Version: 
Published Version

Files in This Item:
192.47 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.