Mak Dukan

Before joining FZ Jülich Mak completed a Postdoc at ETH Zürich in the Climate Finance and Policy group, where he worked on financing and policies for the Swiss energy transition. His work focused mainly on different solar PV technologies including rooftop PV, alpine PV and solar facades (2022 to 2025). Before that, he completed his PhD at the Technical University of Denmark (DTU), where his thesis explored how various designs for renewable energy auctions impact risk and financing, focusing mainly on wind energy. For instance, he worked on the impact of two-sided Contracts for Difference on debt sizing for offshore wind farms. Mak applies mixed methods, including financial modelling, surveys and interviews and conjoint experiments. His broad education includes finishing a master program in circular economy technologies from Ritsumeikan Asia Pacific University and Trier University of Applied Sciences and a B.Sc in Economics from the University of Zagreb.

Published research papers

The impact of two-sided contracts for difference on debt sizing for offshore wind farms, Mak Đukan, Dogan Keles, Lena Kitzing, The Energy Journal, 2025, doi/10.1177/01956574251331942

Cost of capital for renewables and enabling technologies: Measuring the multidimensional heterogeneity in Switzerland, Mak Đukan, Bjarne Steffen, Applied Energy, 2025, 10.1016/j.apenergy.2025.125822

Harnessing solar power in the Alps: A study on the financial viability of mountain PV systems, Mak Đukan, David Gut, Anurag Gumber, Bjarne Steffen, Applied Energy, 2024, 10.1016/j.apenergy.2024.124019

The role of policies in reducing the cost of capital for offshore wind, Mak Đukan, Anurag Gumber, Florian Egli, Bjarne Steffen, iScience, 2023, 10.1016/j.isci.2023.106945

A bigger bang for the buck: The impact of risk reduction on renewable energy support payments in Europe, Mak Đukan, Lena Kitzing, Energy Policy, 2023, 10.1016/j.enpol.2021.112197

The price of actor diversity: Measuring project developers’ willingness to accept risks in renewable energy auctions, Elisabeth Cote, Mak Đukan, Cristian Pons-Seres de Brauwer, Rolf Wüstenhagen, Energy Policy, 2022, 10.1016/j.enpol.2022.112835

The effects of auctions for renewable energy support on financing and costs of capital for wind energy projects, Mak Đukan, Lena Kitzing, Energy Policy, 2021, 10.1016/j.enpol.2021.112197

Financing conditions of renewable energy projects – results of an EU wide survey, Agustin Roth, Mak Đukan, Vasilios Anatolitis, Moira Jimeno, Jörn Banasiak, Robert Brückmann, Lena Kitzing, Open Research Europe – Data Note, 2021, 10.12688/openreseurope.13969.2

Sharing the gains from EU-Western Balkan renewable electricity cooperation, Dorian Frieden, Andreas Tuerk, Mak Đukan, André Ortner, Johan Lilliestam, Climate Policy Journal, Vol. 16, No. 5, 606–621, 2016, 10.1080/14693062.2016.1155041