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 '{bd78b20d82919d2837fc8fca874de750a8ad71ecf87b546b7080a5046fe780c6}37464{bd78b20d82919d2837fc8fca874de750a8ad71ecf87b546b7080a5046fe780c6}' )
) 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 […]
.@oxfordenergy Bassam Fattouh participates in #Geopolitics of #Oil and #Gas and U.S.-Gulf Arab Relations… https://t.co/A9QvaWGF7V
Ahmed Mehdi on #Iraq seeking upfront payment for crude: They need the money. On a monthly basis, the government is… https://t.co/viYorHpyS9
OIES comment on balance of risks in oil market: While focus shifting to OPEC+ dynamics & return of disrupted barrel… https://t.co/Y6lFcPbzD1
Read latest OIES paper on net zero targets and GHG emission reduction in the UK and Norwegian upstream oil and gas… https://t.co/7TUQBInLhU
Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.