Economic Benefits of Renewable Energy Sources: Willingness to Pay for Geothermal Energy in Yozgat Province, Turkey

2010 ◽  
Author(s):  
Erol Horasanli ◽  
Emre Alp
Keyword(s):  
Renewable Energy ◽  
Willingness To Pay ◽  
Geothermal Energy ◽  
Renewable Energy Sources ◽  
Economic Benefits ◽  
Energy Sources

Assessment of public acceptance and willingness to pay for renewable energy sources in Crete

2010 ◽  
Vol 14 (3) ◽  
pp. 1088-1095 ◽  
Author(s):  
Nikolaos Zografakis ◽  
Elli Sifaki ◽  
Maria Pagalou ◽  
Georgia Nikitaki ◽  
Vasilios Psarakis ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Willingness To Pay ◽  
Renewable Energy Sources ◽  
Public Acceptance ◽  
Energy Sources

THE ROLE OF RENEWABLE ENERGY SOURCES IN REGIONAL TOURISM DEVELOPMENT

2009 ◽  
Vol 15 (1) ◽  
pp. 25-36
Author(s):  
Branko Blazevic
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Wind Power ◽  
Geothermal Energy ◽  
Renewable Energy Sources ◽  
Biomass Energy ◽  
Energy Sources ◽  
Regional Tourism ◽  
Regional Sustainable Development

In this paper, the author focuses on the fundamental hypothesis that the adoption of a concept of regional sustainable development and the use of renewable energy sources are preconditions to organising an acceptable regional tourism offering based on an eco-philosophy The renewable development of tourism regions is the basic framework for research regarding opportunities for introducing renewable energy sources such as hydro energy, wind power, solar energy, geothermal energy, and biomass energy. The purpose of this paper is to indicate the real opportunities that exist for substituting conventional energy sources with renewable ones and the role of renewables in regional development from economic, environmental and sociological viewpoints. It should also be noted that renewable energy sources have a strong regional importance and can contribute significantly to local employment.

scholarly journals The Potential of Using Renewable Energy Sources in Poland Taking into Account the Economic and Ecological Conditions

Energies ◽  
2021 ◽  
Vol 14 (22) ◽  
pp. 7525
Author(s):  
Mariusz Niekurzak
Keyword(s):  
Renewable Energy ◽  
Carbon Dioxide Emissions ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Technical Specification ◽  
Economic Benefits ◽  
Environmental Benefits ◽  
Energy Sources ◽  
Renewable Sources ◽  
Starting Point

The aim of the manuscript was to present the collective results of research on the profitability of using various renewable sources in Poland with the greatest development potential. In the paper, the economic parameters of various investment projects were determined and calculated, i.e., Net Capital Value (NPV), Internal Rate of Return (IRR) and the Period of Return on Invested Capital (PBT). The economic assessment of the use of RES technologies was supplemented with the assessment of environmental benefits. The ecological criterion adopted in the study was the assessment of the potential and costs of reducing greenhouse gas emissions as a result of replacing fossil fuels with renewable energy technologies. On the basis of the constructed economic model to assess the profitability of investments, it has been shown that the analyzed projects will start to bring, depending on their type and technical specification, measurable economic benefits in the form of a reduction in the amount of energy purchased on an annual basis and environmental benefits in the form of reduction of carbon dioxide emissions to the atmosphere. Moreover, the calculations show a high potential for the use of certain renewable sources in Poland, which contributes to the fulfillment of energy and emission obligations towards the EU. The analyzes and research of the Polish energy market with the use of the presented models have shown that the project is fully economically justified and will allow investors to make a rational decision on the appropriate selection of a specific renewable energy source for their investment. The presented economic models to assess the profitability of investments in renewable energy sources can be successfully used in other countries and can also be a starting point for a discussion about the direction of energy development. Due to the lack of collective, original and up-to-date research on the domestic market, the manuscript provides the reader with the necessary knowledge regarding the legitimacy of using renewable energy sources, investment and environmental profitability.

Analyzing the Efficiency of Renewable Energy Sources in Terms of Electricity Generation

2021 ◽  
pp. 155-176
Author(s):  
Talip Arsu
Keyword(s):  
Renewable Energy ◽  
Geothermal Energy ◽  
Energy Supply ◽  
Electricity Generation ◽  
Renewable Energy Sources ◽  
Biomass Energy ◽  
Energy Sources ◽  
Data Envelopment ◽  
Efficiency Determination ◽  
Energy Supply Security

Electricity generation, one of the renewable energy sources (RES), delivers a solution for various problems such as energy efficiency, energy supply security, reducing foreign dependency, and especially, environmental concerns. However, the solutions provided for these problems bring along the question of which RESs are produced more effectively. Therefore, in this research, RESs used for electricity generation in Turkey were analyzed by using generation data to show which one is more effective. Bi-objective multiple-criteria data envelopment analysis (BiO-MCDEA) method, a goal programming-based efficiency determination method, was used for the efficiency analysis conducted for five years between the years of 2014 and 2018. As a result of the analysis, geothermal energy came into prominence as the most effective RES for all of the years included in the solution. Geothermal energy was followed by biomass energy, wind energy, hydroelectric, and solar energy, respectively.

Nexus between willingness to pay for renewable energy sources: evidence from Turkey

2020 ◽  
Vol 28 (3) ◽  
pp. 2972-2986 ◽  
Author(s):  
Iftikhar Muhammad ◽  
Malik Shahzad Shabbir ◽  
Sharjeel Saleem ◽  
Kanwal Bilal ◽  
Recep Ulucak
Keyword(s):  
Renewable Energy ◽  
Willingness To Pay ◽  
Renewable Energy Sources ◽  
Energy Sources

scholarly journals Analysis of the Return on Investment in Solar Collectors on the Example of a Household: The Case of Poland

2021 ◽  
Vol 9 ◽  
Author(s):  
Mariusz Niekurzak ◽  
Ewa Kubińska-Jabcoń
Keyword(s):  
Renewable Energy ◽  
Carbon Dioxide Emissions ◽  
Return On Investment ◽  
Renewable Energy Sources ◽  
Economic Benefits ◽  
Green Energy ◽  
Environmental Benefits ◽  
Energy Sources ◽  
Solar Collectors ◽  
The Impact

Background: The growing consumption is what drives the development of unsustainable energy and material-intensive production technologies that emit large quantities of pollutants into the atmosphere, water, and land. Obtaining green energy allows reduction of the interference with the environment and, consequently, fits into a sustainable energy development strategy. In order to achieve the emission targets set by the EU for Poland, it is necessary to prioritize the development of renewable energy sources (RES) technologies within the energy sector.Methods: The purpose of the study was to present the results of the research relating to the return on investment of solar collectors for single-family houses in Poland. The research was presented on the basis of the legal conditions applicable to micro installations in the light of the amendment of the RES Act, and the impact of these amendments on the aspects of such investment was determined.Results: On the basis of the constructed economic model used to assess the return on investment of increasing the area of solar collectors, it has been shown that an operating installation will bring measurable economic benefits in the form of reduction in the amount of energy purchased annually in the amount of 6,756 kWh and environmental benefits in the form of reduction of carbon dioxide emissions to the atmosphere 2.4–3.6 Mg per year. An installation subsidized under the “My Electricity” program can reach an NPV of EUR 6,000 over 20 years at a discount rate r = 0 and assuming that the electricity is EUR 0.15/kWh. If the price rises to 0.2 EUR/kWh, the NPV will be 10,000 EUR. For the analyzed installation, the investment consisting in increasing the collector area in accordance with NPV is economically effective for the absorber area in the range of 5.6–7.6 m2 and reaches the maximum value for the absorber area of 6.6 m2, while the absorber area above 7 m2 contributes to reduce the value of the economic return on investment. The obtained results have been generalized, which allows to use them in the process of selecting the size of collector area for similar installations.Conclusion: The return on investment analysis carried out in respect of a detached house allowed to demonstrate that this project is fully justified. Furthermore, pursuant to the Renewable Energy Sources Act in force in Poland, treating a small entrepreneur as a prosumer who may generally take advantage of favorable conditions for discounting the produced energy leads to very favorable possibilities of settling electricity. Considering an entrepreneur as a prosumer who may use one-off depreciation of a solar collectors installation as a fixed asset and request for VAT refund is what makes such an investment very attractive in financial terms and makes it difficult to find a safe investment alternative characterized by such a high rate of return.

scholarly journals CURRENT STATE OF THE RENEWABLE SOURCES OF ENERGY USE IN SERBIA

2015 ◽  
Vol 6 (2) ◽  
Author(s):  
Dragana Milosavljević ◽  
Tomislav Pavlovic ◽  
Dragoljub Mirjanić ◽  
Danica Piršl
Keyword(s):  
Renewable Energy ◽  
Solar Energy ◽  
Wind Energy ◽  
Geothermal Energy ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Energy Potential ◽  
Current State ◽  
Extensive Body

This paper reviews the current state of the renewable energy use in Serbia. Further on, the paper describes energy potential and gives examples of the use of solar energy, wind energy, hydropower, geothermal energy, biomass and biogas in Serbia. Extensive body of information is given about support systems and measures of incentives for the investment in the construction and sale of electricity from plants using renewable energy sources. In conclusion, achieved results of the use of renewable energy sources in Serbia and the incentives for their use are presented.

scholarly journals Operational feasibility assessment of geothermal heat harnessing systems

2021 ◽  
Vol 6 (4) ◽  
Author(s):  
Ferenc Ferenc ◽  
Zsolt Lajos Fórián
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Geothermal Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Calculation Methods ◽  
Geothermal Heat ◽  
Feasibility Assessment ◽  
Heat Demand ◽  
Production Coefficient

Renewable energy sources are now essential to establish sustainable development. This paper examines one kind of source the geothermal energy. For geothermal energy when combined with a heat pump COP can be used for evaluation. For solely geothermal sources different approach is needed thus in the paper, a new geothermal heat production coefficient is used to examine the operational feasibility. For the assessment, many hypothetical buildings were created to model their heat demands. Two types of calculation methods are used for heat demand calculation. Based on the results, the maximum depth of a geothermal borehole and economically critical qualitative coefficient was concluded.

scholarly journals Energy transition and willingness to pay for renewable energy: The case of environmental students

2021 ◽  
Vol 899 (1) ◽  
pp. 012048
Author(s):  
Evangelia Karasmanaki
Keyword(s):  
Social Media ◽  
Renewable Energy ◽  
Willingness To Pay ◽  
Energy Production ◽  
Fossil Fuels ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Energy System ◽  
Electricity Production ◽  
Energy Sources

Abstract Examining willingness-to-pay (WTP) for renewable energy sources (RES) as well as views on energy topics can enable policymakers to design effective measures for facilitating the transition from fossil fuels to a renewable-based energy system. The aim of this study was to investigate environmental students’ willingness-to-pay for renewables and their views on various energy topics. Results showed that respondents preferred renewable-based electricity production to conventional energy production while solar energy emerged as the most preferred renewable type. In addition, most respondents were willing to pay for renewable energy but would pay relatively low sums of money per month. Moreover, respondents were divided over whether new lignite plants should be constructed in Greece. Finally, social media and special websites were the most favored media of daily information.

scholarly journals The Renewable Energy Cooperatives in Turkey

2021 ◽  
Vol 43 (9) ◽  
pp. 601-613
Author(s):  
Ertugrul Guresci
Keyword(s):  
Global Warming ◽  
Renewable Energy ◽  
Developing Country ◽  
Geothermal Energy ◽  
Renewable Energy Sources ◽  
Energy Resources ◽  
Energy Sources ◽  
Renewable Energy Resources ◽  
Energy Needs ◽  
Day By Day

Objectives : The world is getting more polluted day by day and living conditions are getting harder and harder. The Covid 19 process explains this situation even better. Global warming will show its effect more heavily if measures are not taken. There is a close relationship between global warming and the type and method of energy used. The use of fossil fuels by people pollutes the environment too much, and the use of alternative energy sources is gaining importance instead. Here, the issue of use and management of renewable energy sources comes to the fore. Turkey is a country with rich renewable energy resources and experience in cooperatives. In this study, it is aimed to reveal the current situation and problems of renewable energy cooperatives, which can be a model for managing Turkey’s renewable energy resources.Methods : In the study, a literature review method was used by examining domestic and foreign resources related to renewable energy and renewable energy cooperatives. Some of the data obtained were arranged in tables and used in the study.Results and Discussion : It is very important for Turkey to develop renewable energy resources and increase the share of renewable energy resources among other resources. Because Turkey is a developing country and its population is increasing day by day. It is essential to use renewable energy for the energy need of the increasing population and the least environmental pollution. Within the scope of 2023 targets in Turkey, it is planned to produce 34 thousand MW of hydroelectric, 20 thousand MW of wind energy, solar energy, 5 thousand MW, 1,000 MW of geothermal energy and 1,000 MW of geothermal energy and biomass energy. In order to achieve this goal, it is planned to invest approximately 60 billion dollars in renewable energy sources. Cooperatives are one of the most effective ways in which Turkey can use its renewable energy resources. Because cooperative is a method known to the Turkish society and it would be beneficial to transfer it to the renewable energy field.Conclusion : Turkey is a developing country and its energy needs are increasing day by day. It is very important to use the renewable energy resources it has correctly and in a planned way. In this respect, it should be understood that renewable energy cooperatives are quite compatible with Turkey. Turkey should provide the necessary legal and administrative structure for the development of renewable energy cooperatives and develop it with financial support in order to make its increasing energy needs sustainable.

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