
Heiskanen et al. (2017) Small streams, diverse sources: Who invests in renewable energy…
We address the investment gap in renewable energy sources. Examining the case of Finland, which introduced policy measures to diversify its renewable energy portfolio, we analyse the development of investments in renewable heat and power in response to new policy measures and contextual factors during the downturn period 2009–2013. In spite of a severe financial recession, we find an emergence of new sources of investment.