The evolving role of finance in South Africa's renewable energy sector
The evolving role of finance in South Africa's renewable energy sector
复制标题
DOI：
10.1016/j.geoforum.2015.06.017
复制
发表时间：
2015-08-01
期刊：
影响因子：
3.5
通讯作者：
Baker, Lucy
中科院分区：
文献类型：
--
作者：
Baker, Lucy
在过去的四年里，碳密集、依赖煤炭的南非已成为全球可再生能源投资的主要目的地之一。这一投资可归因于该国前所未有的可再生能源独立发电商计划（RE IPPPP），这是2011年8月启动的私人发电的公用事业规模可再生能源采购招标程序。断言，能源必须在更广泛的经济，政治和社会力量，它是嵌入式的研究，我探讨了不同的融资模式在塑造南非的新兴可再生能源部门的背景下，该国独特的积累系统的特点是其矿物能源复合体（MEC）（罚款和Rustomjee，1996年）发挥的基本作用。我专注于金融和金融化作为MEC内不断增长的特征。我进一步研究的紧张关系或商业需求之间的不相容性的“银行性”，短期股东价值和不耐烦的融资和可再生能源投资与公私伙伴关系的项目的社区所有权和实现经济发展标准的独特要求。我发现，随着MEC与新的外国资本来源的融合，长期参与MEC的企业，特别是金融领域的企业，正在进行重组。(C)2015爱思唯尔有限公司版权所有。
In the last four years, carbon-intensive, coal-dependent South Africa has become one of the leading global destinations for renewable energy investment. This investment can be attributed to the unprecedented take off of the country's Renewable Energy Independent Power Producers' Programme (RE IPPPP), a bidding process for the procurement of privately generated, utility scale renewable energy, launched in August 2011. Asserting that energy must be studied within the broader economic, political and social forces in which it is embedded, I explore the fundamental role that different modes of finance have played in shaping South Africa's emerging renewable energy sector within the context of the country's unique system of accumulation characterised by its minerals-energy complex (MEC) (Fine and Rustomjee, 1996). I focus on finance and financialisation as growing features within the MEC. I further examine the tension or incompatibility between commercial demands for 'bankability', short-term shareholder value and impatient finance and RE IPPPP's unique requirements for community ownership of projects and the realisation of economic development criteria. I find that a reconfiguration of long-standing MEC actors, particularly in the realms of finance is taking place as they merge with new sources of foreign capital. (C) 2015 Elsevier Ltd. All rights reserved.