Islamic finance and renewable energy: An innovative model for the sustainability of investments
Islamic finance and renewable energy: An innovative model for the sustainability of investments
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伊斯兰金融和可再生能源：投资可持续性的创新模式
DOI：
10.23919/aeit.2016.7892766
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发表时间：
2016
期刊：
影响因子：
--
通讯作者：
L. A. Poggi
中科院分区：
文献类型：
--
作者：
Donato Morea;L. A. Poggi
由于政府激励措施大幅减少的影响，光伏发电领域的投资减少。有必要重新思考筹资技术，将分析扩展到不同的文化和金融模式。在本文中，我们将研究地面安装光伏系统的激励依赖性，以达到意大利立法的最新水平，提出伊斯兰金融中可用的替代融资工具。我们提出了伊斯兰债券的使用，伊斯兰金融工具用于实现符合伊斯兰教法的金融中的真实的资产，禁止在传统的金融市场利率。确定了能够实现电网平价的光伏发电厂的成本。伊斯兰债券可能会限制与融资相关的杠杆程度。将显示使投资有利可图和银行可接受的固定份额的最低门槛。结果证明，符合伊斯兰教教法的伊斯兰债券工具在实际使用中加强了能源生产部门的技术创新进程，并可使决策者快速了解可再生能源部门在减少温室气体排放和气候变化随之产生的负面影响的框架内可用的不同融资工具。
Due to the effects of the dramatic reduction of government incentives, investments in the field of PV electricity production decreased. It is necessary to rethink the funding techniques, extending the analysis also to the different cultural and financial models. In this paper, we will study the incentive-dependency of a ground-mounted PV system in order to reach the grid parity at the state-of-the-art of the Italian legislation, proposing an alternative financing tool available in Islamic Finance. We present the use of Sukuk, Islamic Finance instruments used for the realization of real assets in the Shari'ah-compliant Finance, that prohibits interest rates as in conventional financial markets. The cost of a PV power plant able to achieve grid parity was identified. Sukuk could limit the extent of leverage associated with financing. The minimum threshold of the fixed share that makes the investment profitable and bankable will be shown. Results evidenced the practical use of Shari'ah-compliant sukuk instruments to enhance processes of technological innovation in the energy production sector, and could provide the policy makers a quick glance about different financing instruments available for the renewables sector in the framework of the reduction of GHG emissions and the consequent negative effects of climate change.