Abstract:
This paper investigates the factors limiting financial investments in renewable energy. A qualitative research study was conducted on South African based financial investors in renewable energy technologies with the intention of identifying investment barriers. The methodology employed involved a literature review. In addition, a questionnaire was designed and interviews were conducted to ascertain the prevalence of such investment barriers in a South African context. The results obtained were analysed using both qualitative and quantitative methods. These analyses revealed that the barriers that were identified namely political, economic, social and technological are valid for South Africa. In addition, several other barriers were identified that are specific to South Africa, such as education, poverty, technological readiness and access to the electricity grid. On the basis of the findings some recommendations are made which include building closer relationships between government and the private sector, as well as ensuring that government maintains an active role in promoting the renewable energy industry. Copyright
