Decision parameters in project financing and their implications for offshore wind farm projects

• Autorzy: Balks Marita , Mann Lukas

Identyfikatory

DOI

10.26408/127.06

• Języki publikacji: EN

Abstrakty

EN

Offshore wind farms are one of the most important pillars of the successful implementation of the envisaged energy turnaround. However, so far, the States are all far from reaching their targets. Therefore, a great amount of capital is needed. Since a large part of offshore wind farms is financed by debt capital, it was examined which criteria are currently prevailing on the market. The main findings are that cover ratios are the most important key figures in the decision-making process and during the term. In addition, a large number of clauses are contractually fixed to reduce the risk of default.

Słowa kluczowe

EN

project financing; debt providers; offshore wind farms; key performance indicators

• Wydawca: Publishing House of Gdynia Maritime University
• Czasopismo: Scientific Journal of Gdynia Maritime University
• Rocznik: 2023
• Tom: nr 127
• Strony: 71--80
• Opis fizyczny: Bibliogr. 10 poz., rys.

Twórcy

autor

Balks Marita

• HTW Berlin University of Applied Sciences, 75A Wilhelminenhof St., 12459 Berlin

• https://orcid.org/0000-0002-4119-7765

autor

Mann Lukas

• Alumnus of the Master’s degree course in Economic Engineering at HTW Berlin and business development manager for sustainable infrastructure at Invesis

Bibliografia

• 1. Böttcher, J., Blattner, P., 2013, Projektfinanzierung: Risikomanagement und Finanzierung, 3. Aufl., München, Oldenbourg Wisenschaftsverlag.
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• 4. Global Wind Energy Council, 2021, Global Offshore Wind Report, https://gwec.net/global-offshore-wind-report-2021/ (17.11.2022).
• 5. Larreur, C.-H., 2021, Structured Finance, Wiley, London, UK.
• 6. Mazars, 2021, Debt Service Coverage Ratio (DSCR): Financial modelling and analysis, https://financialmodelling.mazars.com/resources/dscr-webinar/ (24.11.2022).
• 7. Mohamadi, F., 2021, Introduction to Project Finance in Renewable Energy Infrastructure, Springer, Switzerland.
• 8. Nevitt, P.K., Fabozzi, F.J., 2000, Project Financing, 7th Edition, Wiley, London, UK.
• 9. Projektmagazin, 2022, https://www.projektmagazin.de/glossarterm/projekt (15.11.2022).
• 10. Refinitiv, 2021, Global Project Finance Review, https://thesource.lseg.com/TheSource/getfile/down-load/82449f4c-7d9d-40d8-bb13-dc8f069b9a4b (22.11.2022).