Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.06.037 |
Scaling up finance for off-grid renewable energy: The role of aggregation and spatial diversification in derisking investments in mini-grids for rural electrification in India | |
Malhotra, Abhishek1; Schmidt, Tobias S.1; Haelg, Leonore1; Waissbein, Oliver2 | |
2017-09-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 108 |
文章类型 | Article |
语种 | 英语 |
国家 | Switzerland; USA |
英文摘要 | Today, about 1.1 billion people lack access to electricity worldwide. It is estimated that annual investments of 48 billion USD are required to meet the target of the Sustainable Development Goals of providing universal electricity access by 2030. The need for private investments to meet this target is evident, but small-scale electrification projects are often unattractive for private investors due to unfavourable risk-return profiles and small investment volumes. Both issues can potentially be addressed by aggregating projects into diversified portfolios an approach commonly used by investors in several contexts, but little investigated in the context of rural electrification. This paper addresses the question of how spatial diversity in a portfolio can be used to reduce investment risks and increase investment volumes through a mixed-method approach involving three steps: (i) identification and classification of investment risks for renewable energy mini-grid projects, (ii) qualitative analysis of the correlations between investment risks for different projects through interviews, and (iii) quantitative estimation of the cost of capital and derisking effects of spatial diversification strategies for an experimental portfolio in India. We discuss the implications for policymakers in promoting and facilitating the ability of private sector investors to aggregate small-scale electrification investments. |
英文关键词 | Energy access Financial risk Poverty alleviation Investment attractiveness Portfolio diversification |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000406725800061 |
WOS关键词 | DEVELOPING-COUNTRIES ; ELECTRICITY ACCESS ; SECTOR INVESTMENT ; VILLAGE GRIDS ; DE-RISKING ; COSTS ; POWER ; TECHNOLOGIES ; GENERATION ; INDONESIA |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16905 |
专题 | 气候变化 |
作者单位 | 1.ETH Zuric, Dept Human Social & Polit Sci, Energy Polit Grp, Haldeneggsteig 4, CH-8092 Zurich, Switzerland; 2.United Nations Dev Programme, 304 E 45th St,FF-924, New York, NY 10017 USA |
推荐引用方式 GB/T 7714 | Malhotra, Abhishek,Schmidt, Tobias S.,Haelg, Leonore,et al. Scaling up finance for off-grid renewable energy: The role of aggregation and spatial diversification in derisking investments in mini-grids for rural electrification in India[J]. ENERGY POLICY,2017,108. |
APA | Malhotra, Abhishek,Schmidt, Tobias S.,Haelg, Leonore,&Waissbein, Oliver.(2017).Scaling up finance for off-grid renewable energy: The role of aggregation and spatial diversification in derisking investments in mini-grids for rural electrification in India.ENERGY POLICY,108. |
MLA | Malhotra, Abhishek,et al."Scaling up finance for off-grid renewable energy: The role of aggregation and spatial diversification in derisking investments in mini-grids for rural electrification in India".ENERGY POLICY 108(2017). |
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