Financing large-scale renewable-energy projects in Kenya: investor types, international connections, and financialization.
As energy transitions are progressing and economies of scale are kicking in, renewable-electricity generation begins to include, and be dominated by, large-scale operations. This shift is accompanied by far-reaching changes in the ownership and financing structures of renewable-energy projects, invo...
| Publicado en: | Geografiska Annaler Series B: Human Geography Vol. 102; no. 1; pp. 61 - 84 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Mar2020
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=142436390&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 142436390 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 04353684 7QV jtl: Geografiska Annaler Series B: Human Geography issn: 04353684 maglogo: N pubinfo: dt: Mar2020 vid: 102 iid: 1 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 142436390 10.1080/04353684.2020.1729662 ppf: 61 ppct: 23 formats: tig: atl: Financing large-scale renewable-energy projects in Kenya: investor types, international connections, and financialization. aug: au: Klagge, Britta Nweke-Eze, Chigozie affil: Institute of Geography, University of Bonn, Bonn, Germany su: Kenya Sub-Saharan Africa Government policy Investors Financialization Developing countries Geothermal resources Public investments sug: subj: Government policy Investors Kenya Sub-Saharan Africa Geothermal Electric Power Generation Steam and Air-Conditioning Supply Public Finance Activities Financialization Developing countries Geothermal resources Public investments keyword: development finance institutions (DFIs) financialization infrastructure finance large-scale projects Renewable energy development finance institutions (DFIs) financialization infrastructure finance large-scale projects Renewable energy ab: As energy transitions are progressing and economies of scale are kicking in, renewable-electricity generation begins to include, and be dominated by, large-scale operations. This shift is accompanied by far-reaching changes in the ownership and financing structures of renewable-energy projects, involving connections and (inter)dependencies between international and domestic investors and policies. With growing sizes and maturity, renewable-energy projects are also increasingly taken to capital markets and have become subject to financialization. Until recently these processes have only been observed in the Global North but not in the Global South. So far there has been little research on renewable-energy financialization in the Global South, especially in Sub-Saharan Africa. In our paper we address this gap by exploring the international connections and (possible) financialization of two large-scale renewable-energy projects in Kenya. Based on case-study analyses of geothermal and wind projects in Kenya, we argue that due to their complex risk structure, public investment and support, both from domestic sources and development finance institutions (DFIs), are and will remain key to facilitate or even enable such projects. In contrast to Baker's (2015) case study on South Africa, we neither see nor expect financialization of large-scale renewable-energy projects in Kenya and most other Sub-Saharan African countries any time soon. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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