Financing conditions of renewable energy projects – results from an EU wide survey

Robert Brückmann, Agustin Roth, Moïra Jimeno, Jörn Banasiak, Mak Đukan, Lena Kitzing, Vasilios Anatolitis

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Abstract

This data note aims to present a dataset with values for financing conditions for renewable energy projects in Europe. This includes weighted average cost of capital, cost of debt, cost of equity, debt share, debt service coverage ratio and loan tenors. The dataset was elaborated in the framework of the "Auctions for Renewable Energy Support II" project (AURES II). The main goal of the AURES II project is to provide policy support to the Member States of the European Union in order to improve the effectiveness and cost efficiency of auctions for renewable energy support. As part of the AURES II project, an extensive survey (structured interviews) was conducted between September 2019 and April 2020 with different stakeholders involved in the renewable energy industry, such as banks, project developing companies, and investment funds, among others. The technologies covered were solar photovoltaics (PV), wind onshore, and wind offshore. Interviewees were asked to provide values for financing conditions for specific projects (for certain cases, country estimates or ranges of values were provided). Spain, Portugal, Greece, Germany, and Denmark were selected as focus countries, for which the interviews also included qualitative questions to discuss the observed quantitative data in these countries. The presented data has been used as the main input to elaborate an AURES II report on renewable energy financing conditions in Europe.
Original languageEnglish
JournalOpen Research Europe
ISSN2732-5121
DOIs
Publication statusPublished - 2022

Keywords

  • Renewable energy auctions
  • WACC
  • Costs of capital
  • Renewable energy financingq
  • Cost of debit
  • Cost of Equity
  • Renewable energy support

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