Financing constraints have been central to the political and ecomic debate about renewable energy development. This book addresses four related corporate finance questions. The first chapter reviews theoretical considerations and empirical evidence on so-called funding gaps. Chapters two and three analyze the genuine structures of equity and convertible debt offerings in the industry. The final part investigates to what extent business combinations are perceived as a valuable means to company growth. The analysis contains a variety of empirical findings that are vel to existing emerging industry and corporate finance research. It shows that many investors perceive the level of asymmetric information and regulatory risk, as well as the industry's structure, to be detrimental to renewable energy finance.
Christoph Ettenhuber was a research and teaching assistant at Technische Universitat Darmstadt, Chair of Corporate Finance. He now works for a major automotive company.