During recent years, closed-end funds have become one of the dominant financing schemes for wind farms in Germany. Having evolved out of the traditional model of local citizen-financed wind farms (‘Bürgerwindpark’), closed-end wind funds can be seen as a logical consequence of the...

Although many incentive schemes and renewable energy policies, such as feed-in tariffs and tax credits, have been imposed to boost renewable energy investment, renewable energy investment still necessitates huge initial capital costs and involves numerous uncertainties. Unless the problems are...