
Chapter 11
Business: Finance
Michael Mendelsohn
Financing is a critical component to renewable energy deployment. Accessing financial
capital can be a difficult barrier that can slow or stop a wide range of renewable energy
projects, but is most burdensome to projects that employ relatively new technologies, are
under development by less experienced entities, or are under contract with utilities or
end-users (also referred to as off-takers) that have lower credit ratings or cannot ensure
full access to relevant transmission infrastructure (Mendelsohn & Harper, 2012).
Even for projects in which capital is available, it may be at rates or yield require- ...