Current Developments in the Financing of Offshore Wind Farms

Abstract Offshore wind farms are one of the most important pillars for the successful implementation of the energy transition. Worldwide, the expansion and development of these sustainable technologies is booming with different national challenges. What all projects have in common, however, is that...

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Main Authors: Marita Balks, Lukas Mann
Format: Article
Language:deu
Published: Sciendo 2022-10-01
Series:Wirtschaftsdienst
Online Access:https://doi.org/10.1007/s10273-022-3287-0
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author Marita Balks
Lukas Mann
author_facet Marita Balks
Lukas Mann
author_sort Marita Balks
collection DOAJ
description Abstract Offshore wind farms are one of the most important pillars for the successful implementation of the energy transition. Worldwide, the expansion and development of these sustainable technologies is booming with different national challenges. What all projects have in common, however, is that a lot of capital is needed, and the trend is upward. For the financing of offshore wind farms, project financing has become increasingly established in Europe in recent years, but the contractual conditions have changed considerably. The current developments of financing structures for the realization of European offshore wind farms are shown on the basis of qualitative expert interviews.
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institution Kabale University
issn 1613-978X
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publishDate 2022-10-01
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series Wirtschaftsdienst
spelling doaj-art-36d4d8c0297e408483cb3bb3ffd97d962025-02-02T23:54:39ZdeuSciendoWirtschaftsdienst1613-978X2022-10-011021077077510.1007/s10273-022-3287-0Current Developments in the Financing of Offshore Wind FarmsMarita Balks0Lukas Mann1Fachbereich 4, Lehrstuhl für Finanzierung, Hochschule für Technik und Wirtschaft BerlinFachbereich 4, Lehrstuhl für Finanzierung, Hochschule für Technik und Wirtschaft BerlinAbstract Offshore wind farms are one of the most important pillars for the successful implementation of the energy transition. Worldwide, the expansion and development of these sustainable technologies is booming with different national challenges. What all projects have in common, however, is that a lot of capital is needed, and the trend is upward. For the financing of offshore wind farms, project financing has become increasingly established in Europe in recent years, but the contractual conditions have changed considerably. The current developments of financing structures for the realization of European offshore wind farms are shown on the basis of qualitative expert interviews.https://doi.org/10.1007/s10273-022-3287-0
spellingShingle Marita Balks
Lukas Mann
Current Developments in the Financing of Offshore Wind Farms
Wirtschaftsdienst
title Current Developments in the Financing of Offshore Wind Farms
title_full Current Developments in the Financing of Offshore Wind Farms
title_fullStr Current Developments in the Financing of Offshore Wind Farms
title_full_unstemmed Current Developments in the Financing of Offshore Wind Farms
title_short Current Developments in the Financing of Offshore Wind Farms
title_sort current developments in the financing of offshore wind farms
url https://doi.org/10.1007/s10273-022-3287-0
work_keys_str_mv AT maritabalks currentdevelopmentsinthefinancingofoffshorewindfarms
AT lukasmann currentdevelopmentsinthefinancingofoffshorewindfarms