scholarly journals Potential of investments into renewable energy sources

2020 ◽  
Vol 18 (2) ◽  
pp. 57-63
Author(s):  
Dominika Čeryová ◽  
Tatiana Bullová ◽  
Izabela Adamičková ◽  
Natália Turčeková ◽  
Peter Bielik
Keyword(s):  
Renewable Energy ◽  
Technical Efficiency ◽  
Electricity Generation ◽  
Stochastic Frontier Analysis ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Energy Sources ◽  
Frontier Analysis ◽  
The World ◽  
The Impact

Greening the economy requires green innovations, and innovations require investments. Most countries of the world are still relying on conventional (fossil-based) sources of energy. The transition toward green or renewable energy sources is an effective and innovative way to meet ever-increasing demand as a result of the rising population. Another reason for innovations in the field of green energy is the need to mitigate climate change and avoid pollution, especially in developing countries. The monitored investments into renewable energy sources are usually public. Therefore, this paper aims to determine whether the selected countries of the world produced renewable energy efficiently, considering the investments made by public financial institutions and installed electricity capacity for renewable energy sources, for the period 2013–2017 (for a deeper analysis, the year 2017 was chosen). For this purpose, the Stochastic Frontier Analysis model in the logarithmic form of the Cobb-Douglas production function is used, which helps to judge the competitiveness of countries based on effectively transforming the inputs into outputs. Results suggest that the effect of the first variable “installed electricity capacity” on electricity generation was highly statistically significant, and the impact of the second variable “public investments” was characterized as statistically insignificant. The monitored countries were divided into 10 groups according to the different range of estimated output-oriented technical efficiency from 0.00 to 1.00. Most countries should increase the renewable electricity generation approximately by 40-49%, given the level of inputs (16 countries of 6th group with estimated output-oriented technical efficiency 0.51-0.60) for the year 2017.

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 Renewable electricity in Western Balkans: Support policies and current state

2018 ◽  
Vol 22 (6 Part A) ◽  
pp. 2281-2296
Author(s):  
Nikola Rakic ◽  
Dusan Gordic ◽  
Vanja Sustersic ◽  
Mladen Josijevic ◽  
Milun Babic
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Electricity Generation ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Western Balkans ◽  
Renewable Electricity ◽  
Current State ◽  
Balkan Countries ◽  
The Impact

The use of renewable energy sources for electricity generation in the Western Balkan countries is analyzed in this review paper. Since those countries are part of EU or intend to be, data for Western Balkan are also compared with data for EU-28. The first part of the paper presents a brief overview of main promotion mechanism for electricity generation from renewable energy sources. As a dominant support policy, the feed-in tariff is more elaborated as an incentive measure and a de?tailed overview of the amount of tariffs and quotas for dominant technologies in the Western Balkan countries is presented. Furthermore, the current state of installed capacities and annual productions of three particular renewable electricity technologies (small hydro power, wind power, and solar photovoltaic) are analyzed in detailes. Based on presented data, there is a discussion and consideration of the impact of incentive measures on the electricity market and power production from renewable sources.

scholarly journals Perspectives of energetic exports of Russia in terms of development of the renewable energy sources

2021 ◽  
Vol 296 ◽  
pp. 01007
Author(s):  
Elena Andreeva ◽  
Alla Golovina ◽  
Victoria Zakharova
Keyword(s):  
Renewable Energy ◽  
Natural Gas ◽  
Energy Supply ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Energy Carrier ◽  
Energy Sources ◽  
Energy Carriers ◽  
The World ◽  
New Energy

The changes in the sphere of the main energy sources in the world and in individual countries were highlighted; the prospects for Russian energy carriers in the global hydrocarbon market were identified. The demand for an energy carrier whose use in Germany is planned to be discontinued (coal) and the demand and competition for natural gas - Russian energy carrier that remains competitive in the conditions of “green” energy were analyzed. The Russian opportunity to save the energy supply market on the background of the new energy order are considered.

The impact of feed-in and capacity policies on electricity generation from renewable energy sources in Spain

2019 ◽  
Vol 56 ◽  
pp. 159-168 ◽  
Author(s):  
António Cardoso Marques ◽  
José Alberto Fuinhas ◽  
Daniela Pereira Macedo
Keyword(s):  
Renewable Energy ◽  
Electricity Generation ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The Impact

scholarly journals RISK OF RENEWABLE ENERGY SOURCES DEVELOPMENT IN THE OIL AND GAS INDUSTRY IN THE CONTEXT OF COVID-19

2021 ◽  
Vol 11 (4) ◽  
pp. 412-419
Author(s):  
L. K. Babicheva ◽  
E. V. Neprintseva ◽  
S. A. Shubin
Keyword(s):  
Renewable Energy ◽  
Oil And Gas ◽  
Global Climate ◽  
Renewable Energy Sources ◽  
Oil And Gas Industry ◽  
Energy Sources ◽  
Gas Industry ◽  
The World ◽  
Almost All ◽  
The Impact

The global climate problem of climate warming has led to the active development of renewable energy almost all over the world. Many European countries and international corporations are already striving for carbon neutrality.This article analyzes the current trends in the development of the renewable energy sources industry in the world and in Russia, assesses the applicability of renewable energy sources in the oil and gas industry and the impact of the coronavirus crisis on the perspectives for renewable energy. The analysis of the indicators of the volumes of commissioning of generating capacities for 2020 is given, the obstacles encountered in the development of the industry due to the unstable global situation are considered.The article also discusses investment in renewable energy by oil and gas companies and their transformation under the influence of the renewable energy sector, as well as the participation of Russian companies in this transformation and their long-term prospects in relation to renewable energy.

scholarly journals Evaluation of the Profitability of Using Solar Collectors in Single-Family Housing Industry - The Case of Poland

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

Abstract 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 to reduce 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 prioritise the development of Renewable Energy Sources technologies within the energy sector.Methods: The purpose of the study is to present the results of the research relating to the profitability of solar collectors investment 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 the profitability of such investment was determined. Results: On the basis of the constructed economic model used to assess the profitability 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 from the current supplier and environmental benefits in the form of reduction of carbon dioxide emissions to the atmosphere. The obtained results have been generalised, which allows to use them in the process of selecting the size of collector area for similar installations. Conclusion: The cost-effectiveness 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 favourable conditions for discounting the produced energy leads to very favourable 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 characterised by such a high rate of return.

scholarly journals ENERGY EFFICIENCY, RENEWABLES AND ECONOMY

2015 ◽  
Vol 6 (2) ◽  
Author(s):  
Momir Đurović
Keyword(s):  
Energy Efficiency ◽  
Renewable Energy ◽  
Climate Changes ◽  
Global Climate ◽  
Renewable Energy Sources ◽  
Vital Role ◽  
Energy Sources ◽  
Global Climate Changes ◽  
The World ◽  
The Impact

The paper gives results of the investigation of the impact of energy efficiency and the use of renewable energy sources on the economy in the world. In relation to this, it is also noted that energy efficiency and the use of renewable energy sources play a vital role in meeting the needs for energy and global climate changes worldwide. Furthermore, a survey is presented of the measures that are being taken in promoting the use of renewable energy sources and the increase of the energy efficiency in Europe and other countries in the world.

scholarly journals Economic Evaluation of “Green Energy” Potential in Nagorno-Karabakh and Neighboring Regions

2021 ◽  
Vol 15 (3) ◽  
pp. 71
Author(s):  
Nargiz Hajiyeva ◽  
Ali Karimli
Keyword(s):  
Renewable Energy ◽  
Electricity Generation ◽  
The United States ◽  
Green Energy ◽  
Energy Resources ◽  
Energy Sources ◽  
Gradual Transition ◽  
Renewable Energy Resources ◽  
Energy Potential ◽  
The World

The paper focuses on the economic opportunities of renewable energy resources (RES) in Azerbaijan's liberated territories. Armenia illegally exploited energy and other natural resources in Nagorno-Karabakh and its surrounding areas during its 30-year occupation. As a result, it is not surprising that the establishment of a "green energy" zone in the territories has been given high priority in the post-liberation period. Traditional energy sources are currently the most common source of electricity generation in the world. In this regard, the world's ever-increasing energy demand accelerates nation-states' gradual transition to green energy. Electricity generation from renewable energy sources is increasing in many countries, including the United States. In Nagorno-Karabakh and seven neighboring regions, the state is focusing on the production and effective use of renewable energy resources. As a result, ensuring harmony in the gradual use of renewable and traditional energy resources will be essential to the country's socioeconomic development, environmental sustainability, and energy security. The economic analysis of renewable energy potential and the establishment of a “green energy” industry are conducted in the article.

Kazakhstan: Assessment of Renewable Energy Support and a Green Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 631
Author(s):  
Sergey BESPALYY
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
The State ◽  
Green Economy ◽  
Energy Sources ◽  
Environmentally Sustainable ◽  
The Government ◽  
The Impact

The growth of renewable energy sources (RES) shows the desire of the government of Kazakhstan to meet challenges that affect the welfare and development of the state. National targets, government programs, policies influence renewable energy strategies. In the future, renewable energy technologies will act as sources of a green economy and sustainable economic growth. The state policy in the field of energy in Kazakhstan is aimed at improving the conditions for the development and support of renewable energy sources, amendments are being made to provide for the holding of auctions for new RES projects, which replaces the previously existing system of fixed tariffs. It is expected that the costs of traditional power plants for the purchase of renewable energy will skyrocket, provided that the goals in the field of renewable generation are achieved. This article provides an assessment of international experience in supporting renewable energy sources, as well as analyzes the current situation in the development of renewable energy in Kazakhstan and the impact on sustainable development and popularization of the «green» economy. The study shows that by supporting the development of renewable energy sources, economic growth is possible, which is achieved in an environmentally sustainable way.

scholarly journals Wind Data Analysis and Wind Flow Simulation Over Large Areas

2014 ◽  
Vol 10 (1) ◽  
pp. 38-45
Author(s):  
Angel Terziev ◽  
Ivan Antonov ◽  
Rositsa Velichkova
Keyword(s):  
Renewable Energy ◽  
Wind Energy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Wind Flow ◽  
Energy Potential ◽  
Wind Potential ◽  
Wind Energy Potential ◽  
The Impact

Abstract Increasing the share of renewable energy sources is one of the core policies of the European Union. This is because of the fact that this energy is essential in reducing the greenhouse gas emissions and securing energy supplies. Currently, the share of wind energy from all renewable energy sources is relatively low. The choice of location for a certain wind farm installation strongly depends on the wind potential. Therefore the accurate assessment of wind potential is extremely important. In the present paper an analysis is made on the impact of significant possible parameters on the determination of wind energy potential for relatively large areas. In the analysis the type of measurements (short- and long-term on-site measurements), the type of instrumentation and the terrain roughness factor are considered. The study on the impact of turbulence on the wind flow distribution over complex terrain is presented, and it is based on the real on-site data collected by the meteorological tall towers installed in the northern part of Bulgaria. By means of CFD based software a wind map is developed for relatively large areas. Different turbulent models in numerical calculations were tested and recommendations for the usage of the specific models in flows modeling over complex terrains are presented. The role of each parameter in wind map development is made. Different approaches for determination of wind energy potential based on the preliminary developed wind map are presented.

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