Now showing 1 - 10 of 10
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Why is the grass greener on the other side? Decision modes and location choice by wind energy investors

2019-04-28 , Blondiau, Yuliya , Reuter, Emmanuelle

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Solar Feed-in Tariffs in a Post-Grid Parity World: A Risk-Return Perspective

2016-02-26 , Karneyeva, Yuliya , Wüstenhagen, Rolf

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Path dependence in Belarusian energy governance: implications for renewable energy development

2014-04-08 , Karneyeva, Yuliya

This paper discusses the concept of path dependence and the example of path dependence in Belarusian energy governance. Energy governance is made of interdependencies between different institutions, businesses, and people with different historical and cultural background. In order to show how path dependency can be created and how it can impact energy governance this paper focuses on different institutions forming energy governance in the case of Belarus. New institutionalism serves as a theoretical framework for the analysis. Case study methodology is employed. Two cases of investment projects are analysed based on qualitative data from interviews with representatives of institutions that impact project implementation in Belarus.

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PV Policy after Grid Parity

2015-12-16 , Karneyeva, Yuliya , Wüstenhagen, Rolf

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Solar feed-in tariffs in a post-grid parity world: The role of risk, investor diversity and business models

2017-07 , Karneyeva, Yuliya , Wüstenhagen, Rolf

Over the past decade, feed-in tariffs have spurred significant deployment of solar photovoltaics in Germany and other countries. With recent cost trends, several countries are approaching retail grid parity. Some policymakers conclude that now is the time to remove feed-in tariffs, as grid parity creates a self-sustaining market, where economically rational investors will invest even in the absence of government incentives. Recent experience in key European solar markets, however, shows that with the advent of grid parity and the reduction of feed-in tariffs, investment in new solar capacity has decreased rather than increased, making it questionable whether low-carbon energy policy targets will be reached. We conduct a cross-case study analysis of three PV markets – Germany, Italy and Switzerland – to investigate the role of feed-in tariffs for the near- and post-grid parity stages of diffusion, accounting for investor diversity and distinguishing between implications for revenue-based and savings-based business models. We find that recent market trends are strongly driven by increased levels of risk, especially policy risk and exposure to revenue risk. We therefore suggest that relatively frugal but stable policy environments may be conducive to further growth of investment in photovoltaics and minimize cost to society.

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Cross-Border Investment Flows in Energy Projects: Is there a case of Inverse Home Country Bias? Evidence from Switzerland

2015-09-10 , Karneyeva, Yuliya

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Status Quo Bias in Energy Investment Strategies and Its Performance Implications for Incumbent Utilities: Cross-Case Analysis of Expected and Realised Returns on Gas and Wind Projects

2017-06 , Karneyeva, Yuliya

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Strategies for Energy Investments: Is There a Case of Foreign Country Bias? Case of Switzerland

2016-12-01 , Karneyeva, Yuliya

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From a Technology Push to a Market Pull: Lessons for Crossing the Valley of Death in Solar Photovoltaic Diffusion from Germany, Italy and Switzerland

2015-06-09 , Karneyeva, Yuliya

With costs for solar photovoltaic modules having declined by the factor of five and for the solar systems by the factor of three from 2008 to 2012 (IEA, 2014), a technology that used to be far more expensive than other forms of electricity has finally become a serious competitor to conventional power generation. However, the contribution of the solar energy to the electricity mix remains marginal in most countries of the world. This paper aims to identify crucial factors for the diffusion of solar photovoltaic installations based on the cross-case study analysis of the German, Italian and Swiss solar photovoltaic markets.

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If You Do What You Always Did, Do You Get What You Always Got? Performance Implications of Status Quo Bias in Swiss Energy Investments

2016-06-22 , Karneyeva, Yuliya