Marzio Galeotti
Università degli Studi di Milano and KAPSARC
Università degli Studi di Milano and KAPSARC
WP_Query Object
(
[query] => Array
(
[post_type] => publications
[posts_per_page] => -1
[meta_query] => Array
(
[0] => Array
(
[key] => author
[value] => 37464
[compare] => LIKE
)
)
)
[query_vars] => Array
(
[post_type] => publications
[posts_per_page] => -1
[meta_query] => Array
(
[0] => Array
(
[key] => author
[value] => 37464
[compare] => LIKE
)
)
[error] =>
[m] =>
[p] => 0
[post_parent] =>
[subpost] =>
[subpost_id] =>
[attachment] =>
[attachment_id] => 0
[name] =>
[pagename] =>
[page_id] => 0
[second] =>
[minute] =>
[hour] =>
[day] => 0
[monthnum] => 0
[year] => 0
[w] => 0
[category_name] =>
[tag] =>
[cat] =>
[tag_id] =>
[author] =>
[author_name] =>
[feed] =>
[tb] =>
[paged] => 0
[meta_key] =>
[meta_value] =>
[preview] =>
[s] =>
[sentence] =>
[title] =>
[fields] =>
[menu_order] =>
[embed] =>
[category__in] => Array
(
)
[category__not_in] => Array
(
)
[category__and] => Array
(
)
[post__in] => Array
(
)
[post__not_in] => Array
(
)
[post_name__in] => Array
(
)
[tag__in] => Array
(
)
[tag__not_in] => Array
(
)
[tag__and] => Array
(
)
[tag_slug__in] => Array
(
)
[tag_slug__and] => Array
(
)
[post_parent__in] => Array
(
)
[post_parent__not_in] => Array
(
)
[author__in] => Array
(
)
[author__not_in] => Array
(
)
[ignore_sticky_posts] =>
[suppress_filters] =>
[cache_results] => 1
[update_post_term_cache] => 1
[lazy_load_term_meta] => 1
[update_post_meta_cache] => 1
[nopaging] => 1
[comments_per_page] => 50
[no_found_rows] =>
[order] => DESC
)
[tax_query] => WP_Tax_Query Object
(
[queries] => Array
(
)
[relation] => AND
[table_aliases:protected] => Array
(
)
[queried_terms] => Array
(
)
[primary_table] => wp_posts
[primary_id_column] => ID
)
[meta_query] => WP_Meta_Query Object
(
[queries] => Array
(
[0] => Array
(
[key] => author
[value] => 37464
[compare] => LIKE
)
[relation] => OR
)
[relation] => AND
[meta_table] => wp_postmeta
[meta_id_column] => post_id
[primary_table] => wp_posts
[primary_id_column] => ID
[table_aliases:protected] => Array
(
[0] => wp_postmeta
)
[clauses:protected] => Array
(
[wp_postmeta] => Array
(
[key] => author
[value] => 37464
[compare] => LIKE
[compare_key] => =
[alias] => wp_postmeta
[cast] => CHAR
)
)
[has_or_relation:protected] =>
)
[date_query] =>
[request] => SELECT wp_posts.* FROM wp_posts INNER JOIN wp_postmeta ON ( wp_posts.ID = wp_postmeta.post_id ) WHERE 1=1 AND (
( wp_postmeta.meta_key = 'author' AND wp_postmeta.meta_value LIKE '{575be3d55ce24081f3ab5e0fe7f1e1d10b3986feda15852e0ab4cb7f06005fae}37464{575be3d55ce24081f3ab5e0fe7f1e1d10b3986feda15852e0ab4cb7f06005fae}' )
) AND wp_posts.post_type = 'publications' AND (wp_posts.post_status = 'publish' OR wp_posts.post_status = 'acf-disabled' OR wp_posts.post_status = 'wc-fraud-screen' OR wp_posts.post_status = 'wc-authorised') GROUP BY wp_posts.ID ORDER BY wp_posts.post_date DESC
[posts] => Array
(
[0] => WP_Post Object
(
[ID] => 37463
[post_author] => 111
[post_date] => 2020-05-04 10:58:20
[post_date_gmt] => 2020-05-04 09:58:20
[post_content] => For renewable energy projects, financing is a major bottleneck to accelerate the transition towards a decarbonized energy mix. Multilateral international institutions are developing new financing instruments to address the barriers and risks that hold back private investment in renewable energy technologies, while minimizing the possibility of crowding out the private sector. Within this context, our study explores the drivers of external financing for Spanish wind farms using a dataset of 318 projects commissioned in the period 2006–13. Thanks to the granularity of this dataset, our analysis provides some results that help explain why some projects are more attractive than others from a financial perspective. This study has three main takeaways. First, the costs of a renewable project are the main drivers that determine the access to external financing, whereas the capacity factor, which determines the revenues, has a minor relevance. Second, the behavior of banks changed after the financial crisis of 2008. Before the crisis, expensive projects tended to have higher debt leverage ratio while after the financial crisis, these projects were penalized in terms of access to external financing. Third, the standard metric to assess the competitiveness of renewable projects, the levelized cost of electricity (LCOE), does not help understand the access to external financing and leverage.
[post_title] => An empirical study on the drivers of financial leverage of Spanish wind farms
[post_excerpt] =>
[post_status] => publish
[comment_status] => closed
[ping_status] => closed
[post_password] =>
[post_name] => an-empirical-study-on-the-drivers-of-financial-leverage-of-spanish-wind-farms
[to_ping] =>
[pinged] =>
[post_modified] => 2020-05-04 10:58:20
[post_modified_gmt] => 2020-05-04 09:58:20
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://www.oxfordenergy.org/?post_type=publications&p=37463
[menu_order] => 0
[post_type] => publications
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
)
[post_count] => 1
[current_post] => -1
[in_the_loop] =>
[post] => WP_Post Object
(
[ID] => 37463
[post_author] => 111
[post_date] => 2020-05-04 10:58:20
[post_date_gmt] => 2020-05-04 09:58:20
[post_content] => For renewable energy projects, financing is a major bottleneck to accelerate the transition towards a decarbonized energy mix. Multilateral international institutions are developing new financing instruments to address the barriers and risks that hold back private investment in renewable energy technologies, while minimizing the possibility of crowding out the private sector. Within this context, our study explores the drivers of external financing for Spanish wind farms using a dataset of 318 projects commissioned in the period 2006–13. Thanks to the granularity of this dataset, our analysis provides some results that help explain why some projects are more attractive than others from a financial perspective. This study has three main takeaways. First, the costs of a renewable project are the main drivers that determine the access to external financing, whereas the capacity factor, which determines the revenues, has a minor relevance. Second, the behavior of banks changed after the financial crisis of 2008. Before the crisis, expensive projects tended to have higher debt leverage ratio while after the financial crisis, these projects were penalized in terms of access to external financing. Third, the standard metric to assess the competitiveness of renewable projects, the levelized cost of electricity (LCOE), does not help understand the access to external financing and leverage.
[post_title] => An empirical study on the drivers of financial leverage of Spanish wind farms
[post_excerpt] =>
[post_status] => publish
[comment_status] => closed
[ping_status] => closed
[post_password] =>
[post_name] => an-empirical-study-on-the-drivers-of-financial-leverage-of-spanish-wind-farms
[to_ping] =>
[pinged] =>
[post_modified] => 2020-05-04 10:58:20
[post_modified_gmt] => 2020-05-04 09:58:20
[post_content_filtered] =>
[post_parent] => 0
[guid] => https://www.oxfordenergy.org/?post_type=publications&p=37463
[menu_order] => 0
[post_type] => publications
[post_mime_type] =>
[comment_count] => 0
[filter] => raw
)
[comment_count] => 0
[current_comment] => -1
[found_posts] => 1
[max_num_pages] => 0
[max_num_comment_pages] => 0
[is_single] =>
[is_preview] =>
[is_page] =>
[is_archive] => 1
[is_date] =>
[is_year] =>
[is_month] =>
[is_day] =>
[is_time] =>
[is_author] =>
[is_category] =>
[is_tag] =>
[is_tax] =>
[is_search] =>
[is_feed] =>
[is_comment_feed] =>
[is_trackback] =>
[is_home] =>
[is_privacy_policy] =>
[is_404] =>
[is_embed] =>
[is_paged] =>
[is_admin] =>
[is_attachment] =>
[is_singular] =>
[is_robots] =>
[is_favicon] =>
[is_posts_page] =>
[is_post_type_archive] => 1
[query_vars_hash:WP_Query:private] => 1f90fca00291ebea0e4a726aaab4a202
[query_vars_changed:WP_Query:private] =>
[thumbnails_cached] =>
[stopwords:WP_Query:private] =>
[compat_fields:WP_Query:private] => Array
(
[0] => query_vars_hash
[1] => query_vars_changed
)
[compat_methods:WP_Query:private] => Array
(
[0] => init_query_flags
[1] => parse_tax_query
)
)
For renewable energy projects, financing is a major bottleneck to accelerate the transition towards a decarbonized energy mix. Multilateral international institutions are developing new financing instruments to address the barriers and risks that hold back private investment in renewable energy technologies, while minimizing the possibility of crowding out the private sector. Within this context, our […]
The natural gas market is a crucial part of European energy supply. Decarbonising it will be much more difficult th… https://t.co/1r4gIuqcTt
Can the current EU regulatory framework deliver decarbonisation of gas? https://t.co/W1vGTZQwdu
David Ledesma discusses with Patrick Heather in this new OIES podcast European gas trading hubs and the role of TTF… https://t.co/I5rHCOgVtq
Blue hydrogen as an enabler of green hydrogen: the case of Germany https://t.co/dpatxr3tYS
Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.