Turkish Journal of Electrical
Power and Energy Systems
Review

Emerging Financing Tools for Renewable Energy Investments

1.

Machine Program, Haliç University, İstanbul, Turkey

2.

Department of Electricity and Energy, Kocaeli University, Kocaeli, Turkey

Turkish Journal of Electrical Power and Energy Systems 2021; 1: 33-41
DOI: 10.5152/tepes.2021.21008
Read: 1455 Downloads: 729 Published: 30 April 2021

Renewable energy sources (RES) are one of the important sources that can be used for transition to a sustainable low carbon economy. With increasing use of RES, significant contribution can be made to the Paris Agreement’s goal of keeping global warming below 2 °C. In recent years, the increase in RES investments has revealed different financing options. Crowdfunding, green bonds, and green loans financing tools are becoming increasingly popular tools for financing RES investments. By using these financial tools, financing opportunities of RES investments have been diversified. In recent years, these financing tools are also being increasingly used in Turkey. To increase the use of crowdfunding in RES investments, dedicated crowdfunding platforms should be established. An important issue in green bonds is external opinion; therefore, introducing a legal obligation will increase investors’ interest in green bonds and their trust in the bond issuer. In addition to the existing opportunities in green loans, tax incentives can be provided to contribute to RES investments.

Cite this article as: Özcan M, Altunkaya SM. Emerging Financing Tools for Renewable Energy Investments. Turk J Electr Power Energy Syst, 2021; 1(1): 33-41. 

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