Financing and selling power
This video explains very briefly the ways projects are financed, by the state or by private entities. Also, which mechanisms are used to sell power to the electricity network.
Learning outcomes
- Comprehend the importance of public support for renewable energy projects, in particular new technologies
- Familiarize with technical financial terminology for offshore wind projects: PPAs and CfDs
- Get insights regarding the existence and functioning of short-term electricity markets
Reflections
Once you have watched this video, think about the following issues – and initiate (or continue) a debate with your fellow students:
- In which other areas do we find examples of public subsidies or state aid?
- What are power purchase agreements (PPAs) and how do they contribute to rollout of renewable energy projects?
Find two countries that have given public support/subsidies (state aid) to offshore wind related projects in Europe and share links to these examples with fellow students.
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