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SUMMARY:Wind power and the emergence of the green institutional investor -
  Dr Mercedes Galindez
DTSTART:20201124T131500Z
DTEND:20201124T140000Z
UID:TALK152212@talks.cam.ac.uk
CONTACT:Dr Nanna K L Kaalund
DESCRIPTION:By 2016 wind power was meeting 10.4% of the total energy deman
 d of European Union households. Twenty-six years before mainly Denmark had
  a few turbines erected. This expansion towards a low carbon energy mix ca
 me at a financial cost - so\, who paid for it? Whilst governments and deve
 lopment banks took on a lot of the risk\, the private sector also had a ke
 y role to play. \n\nThis seminar explores how project developers recycled 
 capital through the creation of a secondary market in the 2010s. Through a
 n analysis of an original dataset of wind power asset transactions I argue
  that this market facilitated the emergence of the green institutional inv
 estor. Even though they became enablers of a low carbon future\, at its or
 igin they were characterised by a tension between the expectation to follo
 w portfolio theory and their own mission statement to facilitate the energ
 y transition. This seminar will discuss how this continuous strain was dis
 played in Europe through the analysis of annual reports\, marketing narrat
 ives\, industry papers and press interviews. This new type of investor jug
 gled values from the world of financial return and their social commitment
  to decarbonising the economy.
LOCATION:Online (ask organizers for link)
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