Prospects of Investment in Green Energy Projects in Ukrainian Households

2019 ◽  
pp. 12-21
Author(s):  
Iryna Sotnyk ◽  
Yevhen Kovalenko ◽  
Yuliia Chortok ◽  
Yevheniia Kripak
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Energy Development ◽  
Green Energy ◽  
Economic Feasibility ◽  
Government Support ◽  
Energy Resources ◽  
Energy Projects ◽  
Renewable Energy Development

For Ukraine the issue of renewable energy development is extremely relevant in view of energy (increase in energy independence), economic (reduction of energy resources import costs), environmental (reduction of environmental pollution) and social (improvement of energy supply, increase in income of the population) problems that can be solved at its expense. Based on the existing potential, if there exist adequate mechanisms of government support for the renewable energy development, Ukraine may increase the share of renewable energy sources in the energy balance up to 25% by 2035, reducing to import a significant share of energy resources. In order to justify the economic feasibility of investing in households’ renewable energy projects until 2029 and to identify the promising trends in this sector development in Ukraine, the authors have assessed the economic efficiency of a project of 10 kW solar power plant construction in a typical Ukrainian household under some conditions. The results have shown that it is expected to observe a gradual outflow of investments from renewable energy sector of households since 2022-2023 due to the decrease in feed-in tariff rates and a corresponding decrease in the profitability of private renewable energy projects with small power capacities. Therefore an alternative powerful state support will be needed to provide the development of renewable energy sector.

scholarly journals The Problem of Non-Typical Objects in the Multidimensional Comparative Analysis of the Level of Renewable Energy Development

Energies ◽  
2021 ◽  
Vol 14 (18) ◽  
pp. 5803
Author(s):  
Mateusz Piwowarski ◽  
Mariusz Borawski ◽  
Kesra Nermend
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Methodological Approach ◽  
Energy Development ◽  
Green Energy ◽  
European Countries ◽  
Energy Industry ◽  
Energy Sources ◽  
Renewable Sources ◽  
Renewable Energy Development

The development of energy from renewable sources is one of the most important aspects of today’s energy industry. The level of this development (production of green energy) is determined by the use of a variety of methods, e.g., the methods of multicriteria and multivariate analysis. The effectiveness of these methods is affected by many factors, and one of them is the appearance of non-typical objects (outliers). This paper investigates the effectiveness of selected methods (TOPSIS, VIKOR, VMCM) in terms of computational robustness to outlier objects. The most effective method in this respect (VMCM) is then applied to study the level of development of renewable energy sources in European countries. The presented research provides the opportunity to carry out a dynamic analysis (for selected base years) of the level of energy generation from diverse renewable sources in reference to the adopted patterns and anti-patterns (European countries). The obtained results are discussed, thus confirming the effectiveness of the proposed methodological approach.

scholarly journals Stakeholders’ Recount on the Dynamics of Indonesia’s Renewable Energy Sector

2020 ◽  
Author(s):  
Satya Widya Yudha ◽  
Benny Tjahjono ◽  
Philip Longhurst
Keyword(s):  
Renewable Energy ◽  
Developing Economies ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Energy Sector ◽  
Energy Development ◽  
Group Discussions ◽  
Key Stakeholders ◽  
Renewable Energy Development ◽  
Political Economic

The study describes in this paper uses direct evidence from processes applied for the developing economy of Indonesia, as it defines the trajectory for its future energy policy and energy research agenda. The paper makes explicit the process undertaken by key stakeholders in assessing and determining the suitability, feasibility and dynamics of the renewable energy sector. Barriers and enablers that key in selecting the most suitable renewable energy sources for developing economies for the renewable energy development have been identified from extensive analyses of research documents alongside qualitative data from the focus group discussions (FGD). The selected FGD participants encompass the collective views that cut across the political, economic, social, technological, legal and environmental aspects of renewable energy development in Indonesia. The information gained from the FGD gives insights to the outlook and challenges that are central to energy transition within the country, alongside the perceptions of renewable energy development from the influential stakeholders contributing to the process. It is notable that the biggest barriers to transition are centred on planning and implementation aspects, as it is also evident that many in the community do not adhere to the same vision.

scholarly journals Stakeholders’ Recount on the Dynamics of Indonesia’s Renewable Energy Sector

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2762
Author(s):  
Satya Widya Yudha ◽  
Benny Tjahjono ◽  
Philip Longhurst
Keyword(s):  
Renewable Energy ◽  
Developing Economies ◽  
Renewable Energy Sources ◽  
Energy Transition ◽  
Energy Sector ◽  
Energy Development ◽  
Group Discussions ◽  
Key Stakeholders ◽  
Renewable Energy Development ◽  
Political Economic

The study described in this paper uses direct evidence from processes applied for the developing economy of Indonesia, as it defines the trajectory for its future energy policy and energy research agenda. The paper addresses the research gap to make explicit the process undertaken by key stakeholders in assessing and determining the suitability, feasibility, and dynamics of the renewable energy sector. Barriers and enablers that are key in selecting the most suitable renewable energy sources for developing economies for the renewable energy development have been identified from extensive analyses of research documents alongside qualitative data from the Focus Group Discussions (FGD). The selected FGD participants encompass the collective views that cut across the political, economic, social, technological, legal, and environmental aspects of renewable energy development in Indonesia. The information gained from the FGD gives insights into the outlook and challenges that are central to energy transition within the country, alongside the perceptions of renewable energy development from the influential stakeholders contributing to the process. It is notable that the biggest barriers to transition are centred on planning and implementation aspects, as it is also evident that many in the community do not adhere to the same vision.

Renewable Energy Development – Challenges for Bangladesh

2007 ◽  
Vol 18 (3-4) ◽  
pp. 421-430 ◽  
Author(s):  
Md. Tarik-ul-Islam ◽  
Sara Ferdousi
Keyword(s):  
Renewable Energy ◽  
Rural Development ◽  
Rural Areas ◽  
Energy Development ◽  
Lessons Learned ◽  
Energy Resources ◽  
Great Promise ◽  
Renewable Energy Resources ◽  
Sustainable Rural Development ◽  
Renewable Energy Development

In Bangladesh, annual per capita energy consumption is approximately 200 KgOE3, which is among the lowest in the world. Presently, 70% of the population does not have access to electricity in Bangladesh (GoB, 2004). The average system loss is 20.97% (GoB, 2006). The demand for power is estimated to increase 300 MW annually (GoB, 1996a). In contrast, concerns have been raised about the conventional energy production from fossil fuels that significantly contributes to environmental degradation at the local, regional and global levels. This situation calls for adoption of sustainable energy strategies that permeate every level of the economy and can provide rural dwellers with the services that they want and need. With this backdrop, Bangladesh has been experiencing a gradual shift towards exploring renewable energy resources as a means to fuel rural development in the off-grid areas. The country is endowed with abundant renewable energy resources. The Local Government Engineering Department (LGED), with its mandate for sustainable rural development has embarked on a program for demonstration and transfer of renewable energy technologies in the off-grid rural areas. The project “Sustainable Rural Energy (SRE)‘ has been conceived within the overall framework of ‘Sustainable Environment Management Programme (SEMP)’ with financial support from United Nations Development Programme (UNDP). This project has already completed a number of renewable energy installations demonstrating diversified community applications of these technologies for livelihood and socio-economic improvement of the people living in the remote off-grid villages. The lessons learned from these demonstration plants reveal that, with careful forward planning, renewable energy can provide far-reaching economic and social benefits to people living in remote rural areas in Bangladesh. The private sectors and NGOs (Non-government organizations) have started to take part in the process of renewable energy development with great promise and enthusiasm. However, the process encounters policy, institutional and technological barriers, which are critical for continued development in this sector.

scholarly journals THE PARADIGM OF ECONOMIC ENERGY SECURITY BY ORIENTATION ON RENEWABLE ENERGY SOURCES

2020 ◽  
pp. 114-125
Author(s):  
Tetyana DERKACH ◽  
Denys CHEBANENKO
Keyword(s):  
Renewable Energy ◽  
National Economy ◽  
Energy Security ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Economic Feasibility ◽  
Energy Sources ◽  
Energy Prices ◽  
Equal Distribution ◽  
The Impact

Introduction. The topic of renewable energy today is one of the most relevant and requires consideration from the point of view of all components of this process, namely economic, financial, environmental, technological, and others. The transition to renewable energy is already irreversible today since natural resources are depleted, fuel prices are the subject to significant fluctuations, and the stable growth of the national economy is ensured by energy security. The purpose. The purpose of the article is to analyze the volume of global energy consumption, to analyze the impact of the introduction of renewable energy sources on the development of the national economy, to ensure energy security with the depletion of hydrocarbon resources and a slight diversification of their suppliers. Results. Today the Ukrainian economy is the most energy-intensive. Unstable energy prices are a threat both to the global economy and to each country separately. Therefore, in the event of a decrease in the supply of traditional energy resources, the importing countries experience the greatest difficulties. The existing tendency in Ukraine to increase the consumption of traditional energy sources, combined with the absence of a targeted policy aimed at reducing the volume of environmental pollution, will lead to an increase in negative economic consequences. The advantage of renewable energy sources is their equal distribution throughout the country (with the exception of water resources). This feature leads to the formation of one of the main characteristics of power systems based on renewable energy sources, namely, their decentralization. It should be borne in mind that the world energy market is made up of state and non-state participants. Non-state participants are showing an upward trend. However, the state should have the greatest influence on the national energy sector. Renewable energy is an area that, in the Ukrainian context, depends on state support, namely economic and administrative incentives. The dynamics of the development of renewable energy should be combined with the balanced development of the fuel and energy sector in Ukraine. Conclusions. The process of development and transition to renewable energy needs a systematic approach. Both qualitative and quantitative approaches are needed to assess the transition to renewable energy. An effective strategy for the transition to the introduction of renewable energy technologies should be justified by economic feasibility. The transition from traditional energy to renewable sources should lead to energy security, which contributes to stable economic growth, political independence, and improving the quality of the environmental component.

State-Level Status of Renewable Energy Development in India

2019 ◽  
pp. 237-251
Author(s):  
Sebak Kumar Jana ◽  
Moumita Ghosh ◽  
Asim Kumar Karmakar
Keyword(s):  
Renewable Energy ◽  
Solar Power ◽  
Renewable Energy Sources ◽  
State Level ◽  
Energy Development ◽  
Energy Sources ◽  
Energy Potential ◽  
Average Percentage ◽  
Significant Difference ◽  
Renewable Energy Development

Renewable energy is energy that is collected from renewable resources that are essentially inexhaustible like sunlight, wind, hydropower, and various forms of biomass. India has a huge renewable energy potential, and the availability of renewable energy sources is widely dispersed. The key objectives of the chapter are to assess the state development of renewable energy in India. It is seen that the average percentage users of solar power in India has increased from 0.27% in 2001 to 0.44% in 2011. ANOVA results indicate there is significant difference among the states of India in renewable energy development in comparison to their potential capacities, and there is enough scope for the development of renewable energy like solar energy in India.

scholarly journals Impact of the Renewable Energy Development in Lithuania‘s Energy Economy

2019 ◽  
Vol 8 (4) ◽  
pp. 75
Author(s):  
Rita Bužinskienė
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Research Problem ◽  
Energy Sector ◽  
Energy Resources ◽  
Renewable Energy Resources ◽  
Linear Regression Models ◽  
Energy Productivity ◽  
Energy Economy ◽  
The Impact

Paper is characterized by scientific novelty as it involves a very scarce research problem in Lithuanian‘s energy sector, assessing the impact of renewable energy resources on the energy economy. Renewable energy sources have a multiplier effect in spurring the economy and the development of not only the energy sector but also all the supporting activities related to such industry. The impact of the development of renewable energy is one of the factors that develop the quality of technology innovation development. This study includes the impact of renewable energy on the energy economy, using multiple linear regression models. The results of the study have shown that renewable energy resources: wind, sun, water, geothermal and biomass can not always be used together because they compete with each other and therefore reduce the efficiency of the energy economy. In this context, three combinations of renewable energy resources have been developed, which have been adapted to assess the impact of the energy economy on energy productivity and energy intensity. It has been found that the combination of resources of the second model (M2) RE is significant for the efficiency of the energy economy.Keywords: Renewable energy resources; Energy economy; Impact of efficiency

scholarly journals From Energy Blues to Green Energy: Options Before Pakistan

2014 ◽  
Vol 53 (4II) ◽  
pp. 309-325
Author(s):  
Rafi Amir-Ud-Din
Keyword(s):  
Renewable Energy ◽  
Environmental Impact ◽  
Fossil Fuels ◽  
Energy Use ◽  
Renewable Energy Sources ◽  
Green Energy ◽  
Economic Feasibility ◽  
Energy Sources ◽  
Energy Mix ◽  
Current Energy

Energy crisis in Pakistan had been brewing long before it became an important national issue with the potential to significantly affect the outcome of general elections of 2013. The looming crisis of depleting non-renewable energy sources combined with a feeble economy has lent a new urgency to the search for an energy mix which is sustainable, economically viable and environmentally least hazardous. Fossil fuels with their known adverse environmental impacts dominate the current energy mix of Pakistan. The renewable energy sources remain underutilised despite being cost effective and less hazardous for the environment. A substantial amount of literature has highlighted various dimensions of existing energy sources in Pakistan with a particular emphasis on the environmental impact, the sustainability and the efficiency of various energy sources [see Asif (2009); Basir, et al. (2013); Bhutto, et al. (2012); Mirza, et al. (2009, 2008, 2003); Muneer and Asif (2007); Sheikh (2010) for example]. This study analyses the environmental impact, economic feasibility and efficiency of various energy sources subject to various economic and noneconomic constraints. Section 2 discusses energy security by reviewing various tapped and untapped energy sources besides analysing current energy mix and its future prospects. Section 3 highlights the interaction of energy use and environment. Section 4 discusses two approaches to assess the feasibility of an energy mix: disaggregated and aggregated. The latter approach makes a multidimensional comparison of all the energy sources discussed in this study. Section 5 consists of discussion and concluding remarks.

scholarly journals Econometric Studies on the Development of Renewable Energy Sources to Support the European Union 2020–2030 Climate and Energy Framework: A Critical Appraisal

2020 ◽  
Vol 12 (12) ◽  
pp. 4828 ◽  
Author(s):  
Consolación Quintana-Rojo ◽  
Fernando-Evaristo Callejas-Albiñana ◽  
Miguel-Ángel Tarancón ◽  
Isabel Martínez-Rodríguez
Keyword(s):  
European Union ◽  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Energy Development ◽  
The European Union ◽  
Political Factors ◽  
Strategic Framework ◽  
Renewable Energy Development ◽  
The Impact ◽  
Political Decisions

One of the key objectives of the European Union is the transition to a total decarbonization of the economy by 2050. Within this strategic framework, the renewable energy development target plays a key role. This renewable energy deployment must be translated into national and European Union realities through specific political decisions. The econometric analysis techniques have the capacity to represent, in a mathematical and objective way, the system of relations comprising the economic, technical, and political factors that contribute to the deployment of renewable energy, and the impact that such an investment in renewable energy has at an economic, environmental, and social level. Therefore, econometric studies have a high potential to support policymakers who have to translate the guidelines of the strategic plan for renewable energy deployment into concrete policies. This article analyzed the capacity of the econometric literature on renewable energy development to provide this support, by means of a bibliometric study carried out on a sample of 153 documents related to 1329 keywords. The results show that, in general, there is a large literature based on econometric methodology to support the different renewable energy guidelines provided by the European Union 2020–2030 climate and energy strategic framework.

Technical Analysis on Energy Consumption of Chinese Household (1990-2009)

2013 ◽  
Vol 291-294 ◽  
pp. 1286-1289
Author(s):  
Yi Qin
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Electricity Generation ◽  
Renewable Energy Sources ◽  
Energy Development ◽  
Renewable Energy Consumption ◽  
Renewable Energy Development ◽  
Structural Demand ◽  
The Cost

Renewable energy sources have increased their share on electricity generation of China, in this paper assesses the role of both the amount and share of renewable energy consumption in economic welfare using production functions. The results of the paper show that the cost, structural demand, accounting mechanism and policy reasons of renewable energy development are interpreted.

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