000134654 001__ 134654
000134654 005__ 20250403144232.0
000134654 0247_ $$2doi$$a10.1016/j.jenvman.2024.120650
000134654 0248_ $$2sideral$$a138241
000134654 037__ $$aART-2024-138241
000134654 041__ $$aeng
000134654 100__ $$0(orcid)0000-0003-3582-116X$$aFleta-Asín, Jorge$$uUniversidad de Zaragoza
000134654 245__ $$aRisk allocation schemes between public and private sectors in green energy projects
000134654 260__ $$c2024
000134654 5060_ $$aAccess copy available to the general public$$fUnrestricted
000134654 5203_ $$aIn this research, we analyse how project risk allocation strategies impact the volume of private investment in renewable energy projects with the participation of both the public and private sectors. To this purpose, we analyse a sample formed by 2215 projects performed in 73 developing countries in the period 1997–2019 involving the following technologies: solar, hydro, wind, waste, biogas, biomass, and geothermal. Our findings reveal that those projects performed through governance schemes in which the private partner takes more project responsibilities attract more private money. Additional drivers for attracting private investment at the project level and institutional level are found. Furthermore, we reveal that the transference of project risks to the private partner emerges as a very relevant project feature that interacts with some of the project and institutional factors, revealing both complementary and substitution effects. The significance of this research extends beyond academia, since there are factors influencing private investment that can be controlled by various stakeholders in projects (such as policymakers, private investors, and project managers). Understanding their impact, significance, and interaction effects—factors that sometimes moderate or accentuate private investment—is crucial. The identified patterns illuminate optimal risk allocation practices, offering practical insights to enhance the effectiveness and sustainability of projects.
000134654 536__ $$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2022-CSJ-24$$9info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-03$$9info:eu-repo/grantAgreement/ES/MICINN/PID2020-113338RB-I00$$9info:eu-repo/grantAgreement/ES/DGA/S38-23R$$9info:eu-repo/grantAgreement/ES/DGA/LMP175_21$$9info:eu-repo/grantAgreement/ES/AEI/PID2022-136818NB-I00
000134654 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000134654 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000134654 700__ $$0(orcid)0000-0002-9481-1466$$aMuñoz, Fernando$$uUniversidad de Zaragoza
000134654 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000134654 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000134654 773__ $$g357 (2024), 120650$$pJ. environ. manag.$$tJournal of environmental management$$x0301-4797
000134654 8564_ $$s3569545$$uhttps://zaguan.unizar.es/record/134654/files/texto_completo.pdf$$yVersión publicada
000134654 8564_ $$s2728771$$uhttps://zaguan.unizar.es/record/134654/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000134654 909CO $$ooai:zaguan.unizar.es:134654$$particulos$$pdriver
000134654 951__ $$a2025-04-03-14:39:54
000134654 980__ $$aARTICLE