scholarly journals IMPACT OF STATE SUPPORT MECHANISMS ON THE COST OF RENEWABLE ENERGY PROJECTS: THE CASE OF DEVELOPING COUNTRIES

2018 ◽  
Author(s):  
GALINA S. CHEBOTAREVA
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
State Support ◽  
Energy Projects ◽  
Support Mechanisms ◽  
The Cost

scholarly journals Renewable Energy for Long-Term Growth and Development: Bangladesh Perspective

2021 ◽  
Author(s):  
Taskin Jamal ◽  
Prof Christopher J. Fogwill ◽  
Ashraf Hossain Bhuiyan
Keyword(s):  
Renewable Energy ◽  
Growth And Development ◽  
Electricity Generation ◽  
Energy Systems ◽  
Influential Factor ◽  
Renewable Energy Systems ◽  
Cost Of Energy ◽  
Energy Projects ◽  
The Cost

Abstract Beneficiaries prefer renewable energy-based systems over grid-connected electricity. The cost of energy is viewed as the most influential factor while choosing renewable energy systems. Beneficiaries chose to stay linked with renewa­ble energy systems even when they received grid-connected electricity at a lower tariff.Net-metering and feed-in tariff mechanisms, as well as tax cuts and subsidies for renewable energy projects, could be the catalyst for fostering greater uptake of renewables in the electricity generation mix.

scholarly journals Market risk factors and performance of public private partnership renewable energy projects

2020 ◽  
Vol 9 (4) ◽  
pp. 366-376
Author(s):  
Kenneth Otieno Odhiambo ◽  
Charles Rambo ◽  
Stephen Lucas Okelo
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Survey Design ◽  
Target Population ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Private Partnership ◽  
Market Risks ◽  
Energy Projects ◽  
And Performance

In spite of the rise in the global adoption of public private partnerships, developing countries have failed to attract private investments in equally measure as their developed partners. This has impacted on infrastructural financing in developing countries. The current study sought to establish how market risks influence the performance of public private partnership renewable energy projects. The study adopted a pragmatic paradigm and employed a mixed methods approach, correlational and descriptive survey design. Quantitative data was collected by use of a self-administered questionnaire and while an interview guide was used to collect qualitative data after piloting and reliability established. A sample size of 263 respondents was drawn from a target population of 769 using the Yamane formula. For descriptive statistics the study used the mean and standard deviation. For inferential statistics the study used Pearson’s Product Moment Correlation (r) and Multiple Regression while the F-tests were used in hypothesis testing. The study established a significant influence of market risks on the performance of public private partnerships renewable energy projects F (1,204) =104.689, P=0.000˂ 0.05.  H0 was consequently rejected. Based on this finding the study recommends hedging measures to promote public private partnerships

scholarly journals Financing renewable energy projects in the Dominican Republic: an empirical study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Angelines Daihana Donastorg ◽  
Suresh Renukappa ◽  
Subashini Suresh
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Empirical Study ◽  
Dominican Republic ◽  
Clean Energy ◽  
Primary Data ◽  
Unique Challenge ◽  
Content Type ◽  
Energy Projects ◽  
Financial Aspect

Purpose Currently, renewable energy (RE) sources represent a crucial pillar in obtaining sustainable development, one of the global goals for all countries. However, this presents a unique challenge for emerging and developing countries. As the technical and financial issues remain a significant barrier in implementing RE projects, several mechanisms are available to aid the financial aspect of investing and implementing clean energy projects. This paper aims to discuss new and traditional trends in the financial area of renewable investment, focusing on the Dominican Republic (DR), identifying the gaps in the financial area regarding RE. Design/methodology/approach An empirical study was conducted in the DR. This country is located at the heart of the Caribbean. Given the complexity of RE and developing countries issues and the scarcity of comparable research in the area, an interpretivist research paradigm along with the qualitative methodology was adopted. Primary data was collected through semi-structured interviews. The study sample includes: directors, chief executive officers and managers responsible for the implementation of RE strategies in their respective departments/organisations. NVivo software was used for data management and the collected data was analysed using content analysis. Findings The research highlighted several severe financial handicaps regarding RE in the DR: The lack of RE assets recognition; lack of RE investment loans; perceived RE risk; and lack of financial guarantor. After extensive interviews with critical actors in the RE sector in the DR, the possible solutions and recommendations for avoiding locking the energy and economic sector in fossil fuel debt are: (a) diversification of RE technology assets recognition, (b) implementation of government RE fund, (c) RE education on all actors and (d) introduction and adoption of new financial trends such as green bonds, bank pooling, cooperatives and more. Originality/value This paper provides information and knowledge related to financial tools and policies that are available for the RE projects in the DR. The results have a socio-economic impact. This research provides a better understanding of the key financial tools to be explored by RE project developers in the developing countries. This study shows the gaps that exist between the knowledge that the stakeholders should possess and the actual knowledge that exists in the country regarding the financial aspect of an RE project.

A Business Model for Producing Clean Energy in Developing Countries

2020 ◽  
Vol 17 ◽  
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Business Model ◽  
Cash Flow ◽  
Chemical Engineering ◽  
Profit Maximization ◽  
Clean Energy ◽  
Industrial Wastes ◽  
Waste Tires ◽  
Energy Projects

Similar to other business projects, clean energy projects also has orientation for profit maximization in developing countries. Environmental problems caused by industrial wastes have been becoming serious issues in developing countries. Hence, recycling industrial wastes, in order to create more renewable and clean energy, has been recognized as one of ways to reduce adverse impact of global warming and negative effect of greenhouse gases. According to statistics, Viet Nam discharges about 400,000 tons of waste tires annually and this number in the US is estimated about 4,200,000 tons per year (source: vnu.edu.vn). This creates many environmental issues. Hence, this paper aims to propose a business model to solve problems mentioned below in the paper. Building a tire shredding plant in California, USA (for example) to cut the whole tires into small shredded tires then export to developing countries like Vietnam is one method to convert wastes into clean energy and protecting our environment. This is one main objective of this research paper. Another purpose of this study is to find out a financial model to evaluate socio-economic values of renewable energy projects that help to protect our environment, as well as a modern viewpoint of not including or adding (+) new debt issuances to increase net cash flow when estimating FCFE cash flow. Using pyrolysis technology to crack carbon linkage into smaller linkages, and then convert waste tires into renewable energy (FO-R oil, carbon black and steel). This is an application of chemical engineering. Through the economic and technical analysis of this model, we can see the practical benefits of the energy project in terms of economic efficiency, profitability, which bring surplus value for investors, effective solutions for customers and a quality energy product for the society. And it also suggest the relevant government of developing countries to consider proper policies to encourage environment protection and businesses in the field of converting industrial wastes such as tires into clean energy.

scholarly journals The price for sustainable development of renewable energy sector: the case of Ukraine

2021 ◽  
Vol 280 ◽  
pp. 02006
Author(s):  
Iryna Sotnyk ◽  
Tetiana Kurbatova ◽  
Oleksandr Kubatko ◽  
Yevhen Baranchenko ◽  
Rui Li
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Power Plants ◽  
Energy Sector ◽  
Green Energy ◽  
State Support ◽  
State Budget ◽  
Global Trends ◽  
Support Mechanisms ◽  
Feed In Tariff

While implementing state support mechanisms for renewable energy deployment, each country faces the problem of assessing and forecasting their consequences and must timely adjust their set to ensure sustainable energy development. The article estimates the price for sustainable development of the renewable energy sector on the example of Ukraine based on evaluating the effectiveness of the key mechanism of state support for the industry advancement - the feed-in tariff. The comparison of feed-in tariff rates with the LCOE indicators for the electricity generated from solar and wind power plants has shown that the current feed-in tariffs for two of the most popular renewable energy technologies are inflated several times and do not meet global trends in reducing the cost price of electricity generated by these technologies. The consequence of applying economically unreasonable tariffs is the annual over-expenditures of the state budget of Ukraine, which recently count hundreds of millions of euros. In the context of the country’s growing green energy generation, the conditions for further use of the feed-in tariff and the transition to other state support mechanisms are substantiated.

scholarly journals Russian energy projects in South Africa

2020 ◽  
Vol 31 (3) ◽  
pp. 58-64 ◽  
Author(s):  
J. An ◽  
A. Mikhaylov
Keyword(s):  
South Africa ◽  
Renewable Energy ◽  
Green Energy ◽  
Management Decision ◽  
High Tech ◽  
Energy Technologies ◽  
Energy Projects ◽  
Energy Trade ◽  
Management Decision Making ◽  
The Cost

From early 2019, South Africa and Russia have planned to increase their energy trade. Russia can become one of the world’s five largest energy exporters. This study examines of the cost of a kilowatt of electricity generated by coal power projects in South Africa and compares nuclear electricity with other types of green energy. This method must help to improve the management decision-making process in South Africa for energy exporta. Reasons for this persistence include the marketing strategies of Russian companies for seeking new markets in industrialised and postindustrial countries where, due to intensive competition, sales of Russian high-tech products are often unsuccessful. Renewable energy gives a chance to potentially reduce poverty in South Africa. The study concludes that imported crude oil is more suited to the needs of the refining industry of South Africa. The consumption for this type of energy in areas not concerning industry is insignificant and its increase is unlikely to be observed in the future. Highlights• Nuclear energy is popular energy source in South Africa now.• Provision of sustainable energy services helps to find the sources for economic growth. • Renewable energy technologies have opportunity for reduce nuclear production in South Africa.• Bio-energy can become the main source of energy in South Africa.

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