Clearing the way for institutional investors to invest in offshore wind projects in the Netherlands

Clearing the way for institutional investors to invest in offshore wind projects in the Netherlands

Watts-Jones, S.R.

Roosenboom-Kwee, Z. (mentor)
Künneke, R. (mentor)
Kamp, L. (mentor)

Technology, Policy and Management

Economics of Infrastructures

2015-06-22

During the last few years the offshore wind industry thrived leading to an exponential development of offshore wind parks. Traditionally large energy utilities developed offshore wind projects with merely their own resources in combination with corporate finance. However due to a significant growth of the size of projects and due to changing market conditions external financing sources are increasingly needed to meet the development demand. According to recent literature, institutional investors are able to play an increasing role in the financing and refinancing process of offshore wind parks. This research will focus on the Netherlands. This research will map the variables that influence the decision making of Dutch institutional investors and it shows how their role in Dutch offshore wind projects can be increased. By doing so a literature review study in combination with interview data was used. The result is a theoretical model that shows the interconnectedness of the factors that influence the investment decisions. Currently a knowledge barrier hinders institutional investors to invest in offshore wind projects, this should be mitigated by intensive knowledge sharing. In order to improve the understanding of the decision making process of institutional investors regarding offshore wind investments, further research is needed.

institutional investors
offshore wind projects
investment barriers
mitigation strategies
theoretical model

http://resolver.tudelft.nl/uuid:e4879e82-8e93-4afa-8a5b-408b8b5e4a08

Student theses

master thesis

(c) 2015 Watts-Jones, S.R.