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Crowdfunding Investment for Renewable Energy

Published: 04 May 2015 Publication History

Abstract

This paper studies a new renewable energy investment model through crowdfunding, which is motivated by emerging community solar farms. In this paper we develop a sequential game theory model to capture the interactions among crowdfunders, the solar farm owner, and an electricity company who purchases renewable energy generated by the solar farm. By characterizing a unique subgame-perfect equilibrium, and comparing it with a benchmark model without crowdfunding, we find that although the farm owner reduces its investment level under crowdfunding, the overall green energy investment level is increased due to the contribution of crowdfunders.

References

[1]
S. E. I. Association. Solar energy facts: 2012 Year-in-review. pages 2013--2015, 2013.
[2]
J. Coughlin, J. Grove, L. Irvine, J. F. Jacobs, S. J. Phillips, A. Sawyer, and J. Wiedman. A Guide to Community Shared Solar: Utility, Private, and Nonprofit Project Development. Technical report, U.S. Department of Energy, 2012.

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  1. Crowdfunding Investment for Renewable Energy

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    cover image ACM Other conferences
    AAMAS '15: Proceedings of the 2015 International Conference on Autonomous Agents and Multiagent Systems
    May 2015
    2072 pages
    ISBN:9781450334136

    Sponsors

    • IFAAMAS

    In-Cooperation

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    International Foundation for Autonomous Agents and Multiagent Systems

    Richland, SC

    Publication History

    Published: 04 May 2015

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    Author Tags

    1. crowdfunding
    2. game theory
    3. renewable energy

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    AAMAS '15 Paper Acceptance Rate 108 of 670 submissions, 16%;
    Overall Acceptance Rate 1,155 of 5,036 submissions, 23%

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