The Role of Green Sukuk for Sustainable Energy Production

2022 ◽  
pp. 42-55
Author(s):  
Hasan Dinçer ◽  
Serhat Yüksel ◽  
Hüsne Karakuş
Keyword(s):  
Renewable Energy ◽  
Financial Support ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Technological Infrastructure ◽  
Energy Needs ◽  
Islamic Companies ◽  
Installation Cost

Renewable energy sources are clean energy sources that meet the energy needs in a sustainable way. Therefore, it is necessary to invest in renewable energy sources. However, there are some difficulties in renewable energy investments. It has problems such as high initial installation cost, underdeveloped technological infrastructure, and insufficient financial support. Several financial products are being developed in order to overcome the mentioned difficulties. In this context, the purpose of this study is to explain the role of green sukuk in the financing of renewable energy investments. Depending on this purpose, the study has been examined with a literature review. The production of renewable energy sources can be encouraged with green sukuk. However, green sukuk is an advantage for Islamic companies that want to realize environmental projects. On the other hand, it offers the opportunity to the environmentally friendly Islamic investors to evaluate their savings.

scholarly journals Clean Energy Sources: Insights from Russia

Resources ◽  
2019 ◽  
Vol 8 (2) ◽  
pp. 84 ◽  
Author(s):  
Elizaveta Gavrikova ◽  
Yegor Burda ◽  
Vladimir Gavrikov ◽  
Ruslan Sharafutdinov ◽  
Irina Volkova ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Krasnoyarsk Region ◽  
Technical Potential ◽  
Renewable Energy Development ◽  
Representative Model ◽  
Current Energy

The paper is devoted to the assessment of the prospects of implementing clean energy sources in Russia, where the current energy policy goal is to increase the role of renewable and clean energy sources. The research is based on data from the Krasnoyarsk Region as one of the largest territories but also as a representative model of Russia. The aim of the study is to identify where and which renewable energy source (solar, wind, hydro and nuclear) has the highest potential. The novelty of our research lies in its holistic nature: authors consider both geographical and technical potential for renewable energy sources development as well as prospective demand for such resources, while previous research is mostly focused on specific aspects of renewable energy development. We also consider the level of air pollution as an important factor for the development of renewable energy sources. The results of the study show that there is a strong potential for clean energy sources in the Krasnoyarsk Region. The resulting matrix identifies the potential of energy sources across all the municipal entities and also indicates whether the source of energy is primary or supplemental and where several sources may be implemented in cooperation.

scholarly journals The Renewable Energy Production Capability of Settlements to Meet Local Electricity and Transport Energy Demands

2021 ◽  
Vol 13 (7) ◽  
pp. 3636
Author(s):  
Balázs Kulcsár ◽  
Tamás Mankovits ◽  
Piroska Gyöngyi Ailer
Keyword(s):  
Renewable Energy ◽  
Power Plants ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Energy Sources ◽  
Small Scale ◽  
Energy Demands ◽  
Energy Needs ◽  
Self Sufficiency ◽  
The Individual

In addition to the examination of electric power from local renewables, this study has sought the answer to the question of what proportion of vehicles are fueled by environmentally friendly energy saving technologies in the vehicle fleets of Hungarian settlements. Further, the study attempts to shed light on the self-sufficiency of Hungarian settlements with respect to the electricity and transport segments. In our assessments, the performance of small-scale household power plants (SSHPPs) utilizing local renewable energy sources, and small-scale power plants with installed capacities under 0.5 MW, was taken into account, as were the proportions of vehicles operating with partly or completely clean energy sources in the vehicle fleets of the individual settlements. Finally, the composition of the vehicle fleet has been examined in the light of the quantities of renewable electricity generated in the individual settlements, in order to consider whether these settlements are capable of covering the energy needs of their vehicle stocks from local sources. In the light of the results, the changes generated by the incentives and investments introduced over the past ten years can be established and subsequently, the energy policy needs in the future can be assessed. Our study has incorporated energy geography and settlement geography aspects.

scholarly journals Determinants of Growth of Selected Renewable Energy Types within the Context of Sustainable Development

2019 ◽  
pp. 63-86
Author(s):  
Anna M. Klepacka
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Rural Areas ◽  
Financial Support ◽  
Renewable Energy Sources ◽  
Farm Households ◽  
Energy Sources ◽  
Wood Biomass ◽  
Public Funds

The aim of this article is to identify the determinants affecting the growth of renewable energy source utilisation in rural areas in the context of sustainable development. The research covered the economic circumstances and changes in law relating to the RES (renewable energy sources) Act of 2018, which resulted from EU’s energy policy ensuring favourable conditions for RES development and financial support for RE producers. Four sources of renewable energy relevant to rural farm and non-farm households are the focus of this article: wood biomass, biogas, biodiesel and solar energy. The discussion illustrates the role of rural households in the supply and use of RE consistent with the principle of sustainable development, describes rural residents’ favourable attitudes towards financing RE projects from public funds, and the potential for creating local jobs in the RE sector, among others.

Power Projects and Covid-19: A Practical Analysis of the Relevance of Force Majeure Clauses under the Standardised Power Purchase and Implementation Agreements of Uganda

2020 ◽  
Vol 1 (2) ◽  
pp. 189-193
Author(s):  
Aisha Naiga ◽  
Loyola Rwabose Karobwa
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
The State ◽  
Energy Sources ◽  
Policy Goals ◽  
Force Majeure ◽  
Practical Analysis ◽  
Energy Justice

Over 90% of Uganda's power is generated from renewable sources. Standardised Implementation Agreements and Power Purchase Agreements create a long-term relationship between Generating Companies and the state-owned off-taker guaranteed by Government. The COVID-19 pandemic and measures to curb the spread of the virus have triggered the scrutiny and application of force majeure (FM) clauses in these agreements. This article reviews the FM clauses and considers their relevance. The authors submit that FM clauses are a useful commercial tool for achieving energy justice by ensuring the continuity of the project, despite the dire effects of the pandemic. Proposals are made for practical considerations for a post-COVID-19 future which provides the continued pursuit of policy goals of promoting renewable energy sources and increasing access to clean energy, thus accelerating just energy transitions.

scholarly journals Forecasting and Modelling the Uncertainty of Low Voltage Network Demand and the Effect of Renewable Energy Sources

Energies ◽  
2021 ◽  
Vol 14 (8) ◽  
pp. 2151
Author(s):  
Feras Alasali ◽  
Husam Foudeh ◽  
Esraa Mousa Ali ◽  
Khaled Nusair ◽  
William Holderbaum
Keyword(s):  
Renewable Energy ◽  
Low Voltage ◽  
Renewable Energy Sources ◽  
Golden Ratio ◽  
Clean Energy ◽  
Energy Sources ◽  
Percentage Error ◽  
Ann Model ◽  
Demand Forecast ◽  
Pv System

More and more households are using renewable energy sources, and this will continue as the world moves towards a clean energy future and new patterns in demands for electricity. This creates significant novel challenges for Distribution Network Operators (DNOs) such as volatile net demand behavior and predicting Low Voltage (LV) demand. There is a lack of understanding of modern LV networks’ demand and renewable energy sources behavior. This article starts with an investigation into the unique characteristics of householder demand behavior in Jordan, connected to Photovoltaics (PV) systems. Previous studies have focused mostly on forecasting LV level demand without considering renewable energy sources, disaggregation demand and the weather conditions at the LV level. In this study, we provide detailed LV demand analysis and a variety of forecasting methods in terms of a probabilistic, new optimization learning algorithm called the Golden Ratio Optimization Method (GROM) for an Artificial Neural Network (ANN) model for rolling and point forecasting. Short-term forecasting models have been designed and developed to generate future scenarios for different disaggregation demand levels from households, small cities, net demands and PV system output. The results show that the volatile behavior of LV networks connected to the PV system creates substantial forecasting challenges. The mean absolute percentage error (MAPE) for the ANN-GROM model improved by 41.2% for household demand forecast compared to the traditional ANN model.

scholarly journals The Role of Renewable Energy Sources in Alleviating Energy Poverty in Households in Poland

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2957
Author(s):  
Agnieszka Biernat-Jarka ◽  
Paulina Trębska ◽  
Sławomir Jarka
Keyword(s):  
Renewable Energy ◽  
Positive Impact ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Public Funds ◽  
Energy Poverty ◽  
Specific Goal ◽  
Reducing Energy

Energy poverty is a problem that affects all member states of the European Union to a varying degree, including Poland, where about 9% of the population is at risk of energy poverty. The article aims to show the changes in energy poverty in Poland in 2010–2018. The specific goal, however, is to evaluate government measures aimed at reducing energy poverty through investments based on renewable energy sources. To present changes in the level of energy poverty in 2010–2018, the authors proposed a new synthetic measure that unifies several different measures used by researchers and allows for a comprehensive assessment of this phenomenon. The conducted research showed that in 2010–2018 there was a slow but visible decrease in the level of energy poverty in Poland. In addition, the article indicates investments in renewable energy sources that may have a positive impact on reducing the scale of energy poverty in Poland. The programs implemented with national and EU public funds, which finance investments in renewable energy sources in Poland, are also presented.

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.

Role of alternative and renewable energy sources in assurance of Azerbaijan’s energy security

2020 ◽  
pp. 57-62
Author(s):  
G.S. Suleimanov ◽  
◽  
G.N. Safarova ◽  
A.I. Mirheydarova ◽  
◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Security ◽  
Renewable Energy Sources ◽  
Production Capacity ◽  
Implementation Process ◽  
World Market ◽  
Energy Sources ◽  
Traditional Natural ◽  
Oil Gas

The paper studies the role of alternative and renewable energy sources (ARES) in the maintenance of Azerbaijan’s energy security. In the view of annual depletion of reserves capacity of such traditional natural resources as the oil, gas, coal, shale and the environmental disorder in their usage, as well as considering the fact of their implementation as the major pressure means serving to the geopolitical interests of the countries, due to the instability and variability of the fuel types prices in the world market, the necessity of surveying new alternative and renewable energy sources in the region is marked. It is pointed out that wide-scale recovery of alternative and renewable energy sources in Azerbaijan will lead to the involving of oil-gas raw into the petrochemical industry, to the decrease of degree of the harmful man-made effect on the environment in the process of energy production, as well as to the significant reduction of economic dependence on the various fuel types. The methods of increasing the production capacity of alternative energies in the strengthening of country’s energetic safety by the acceleration of implementation process of alternative and renewable energy sources were studied and the significance of the development of oil concept considered the essential of long-term maintenance of national energy safety marked as well.

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