气候变化领域集成服务门户(CCPortal): Crowdsourcing social acceptance: Why, when and how project developers offer citizens to co-invest in wind power

CCPortal

DOI	10.1016/j.enpol.2022.113340
	Crowdsourcing social acceptance: Why, when and how project developers offer citizens to co-invest in wind power
	Knauf, Jakob; Wustenhagen, Rolf
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	173 页码:10
英文摘要	Citizen co-investment in wind energy projects has recently received a lot of attention among scholars and policymakers as a way to finance renewable energy projects and increase community acceptance of these projects. Citizen co-investment refers to the process by which members of the local community can financially participate in renewable energy projects prior to or shortly after construction. While previous research has often been crosssectional and focused on the preferences of citizen-investors, this paper focuses on the perspective of project developers and asks why, when and how they offer citizens the opportunity to co-invest in wind farms. The work is based on the analysis of fourteen in-depth interviews with a sample of experienced German wind energy developers. The analysis shows that the decision to offer co-investment is driven by citizen demand and local stakeholder preferences, rather than financial needs. We shed light on how experienced developers deal with key trade-offs in terms of the timing of their offering and the choice of capital structure. As a result, we offer a number of testable propositions for further research on the nuanced relationship between citizen co-investment and social acceptance and derive recommendations for policymakers.
英文关键词	Wind energy; Co -investment; Community acceptance; Crowdfunding; Debt; Equity
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000910848200002
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272317
作者单位	University of St Gallen
推荐引用方式 GB/T 7714	Knauf, Jakob,Wustenhagen, Rolf. Crowdsourcing social acceptance: Why, when and how project developers offer citizens to co-invest in wind power[J],2023,173:10.
APA	Knauf, Jakob,&Wustenhagen, Rolf.(2023).Crowdsourcing social acceptance: Why, when and how project developers offer citizens to co-invest in wind power.ENERGY POLICY,173,10.
MLA	Knauf, Jakob,et al."Crowdsourcing social acceptance: Why, when and how project developers offer citizens to co-invest in wind power".ENERGY POLICY 173(2023):10.