Authors: N. Enzensberger, W. Fichtner, O. Rentz
Addresses: Institute for Industrial Production (IIP), University of Karlsruhe (TH), Hertzstr. 16, D-76187 Karlsruhe, Germany. ' Institute for Industrial Production (IIP), University of Karlsruhe (TH), Hertzstr. 16, D-76187 Karlsruhe, Germany. ' Institute for Industrial Production (IIP), University of Karlsruhe (TH), Hertzstr. 16, D-76187 Karlsruhe, Germany
Abstract: Local citizen participation schemes like the German ||Bürgerwindparks|| (citizen wind farm) have been an important vehicle to develop the wind energy business to its present state of market maturity. This article discusses ownership as an integrated part of the economic project design for renewable energy projects. Different forms of local citizen participation are differentiated and strategic aspects related to the entrepreneurial decision of involving local citizens are highlighted. Then, the focus will be on a description of different role models for local citizen-financed wind energy projects. The paper also explains the evolution of two new role models: the merger of existing project companies to larger citizen-owned project portfolio companies and the role of closed-end wind funds as a new equity provision approach. Finally, the role of local citizen participation schemes in different market phases is discussed.
Keywords: local citizen participation; project development; renewable energy financing; wind energy; wind farms; wind power; ownership; Germany.
International Journal of Global Energy Issues, 2003 Vol.20 No.2, pp.191 - 207
Published online: 20 Sep 2004 *Full-text access for editors Access for subscribers Purchase this article Comment on this article