Research on the Renewable Energy Industry Financing Efficiency Assessment and Mode Selection

Lyu, Xiaohuan; Siekelová, Anna

doi:10.3390/su10010222

Cited by 38 publications

(26 citation statements)

References 13 publications

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“…Basing on the results of this stage it is then possible to define the portfolio of energy sources and solve the issues of interoperability between the conventional and renewable energy sources in a reliable and safely manner [109][110][111][112]. After that the questions of practical implementation (e.g., from the technical and economic points of view) and support from the government take their place [113][114][115][116]. Finally, the issues of the overall assessment of the success of decarbonization of the economy are considered in the literature [70,[117][118][119].…”

Section: Discussionmentioning

confidence: 99%

Clean Energy Sources: Insights from Russia

et al. 2019

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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.

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Section: Discussionmentioning

confidence: 99%

Clean Energy Sources: Insights from Russia

et al. 2019

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“…Economic and financial barriers of renewables are related to the high initial capital requirements, the lack of financial institutes and investors in RES projects, rarer subsidies, paralleled with fossil fuels, and the price competition between the conventional and renewable energy carriers (Byrnes et al, ; Raza et al, ). Due to the limited efficiency and intermittency of renewable energy plants, RES projects have long payback period and high capital costs (Lyu & Shi, ; Painuly, ). There are fewer financial institutions that are providing loans and financing for the RES projects, and the investments in RES projects are treated as risky, consequently discouraging investments in this field (Ohunakin, Adaramola, Oyewola, & Fagbenle, ).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The absence of operation and maintenance culture is as well an important barrier as RES technologies are quite new in the market and are still in the development phase. The scholars identified the following policies and measures to address technological barriers: the state support for RES infrastructure development as energy storage, the removal of tax on imports, VAT and so on of the equipment and parts required for the RES technologies and so on (Boie et al, ; Edomah et al, ; Lyu & Shi, ).…”

Section: Literature Reviewmentioning

confidence: 99%

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Renewable energy barriers and coping strategies: Evidence from the Baltic States

Ren

Yao

et al. 2019

Sustainable Development

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Renewable energy sources (RES) are the main drivers of sustainable energy development. Notwithstanding the substantial expansion of renewables in the past decade, boosted by the various policies and measures, renewable energy sources are still far from full incorporation into the energy markets. It is necessary to overcome the remaining impediments for renewables to realize the energy transition to 100% renewable energy. The aim of this research is to analyze the main barriers of renewables and success of policies dealing with these barriers. The case studies in the Baltic States provide concrete examples of policies and their impacts in terms of overcoming barriers in relevant sectors: heating and cooling, power and transport. The assessment of policies in the Baltic States shows that there are a few measures that are implemented in the transport sector, although this sector encounters many social, economic, technological, and regulatory barriers. The countries have achieved the lowest results in approaching RES targets in transport. New financial incentives and investments in the development of infrastructure for electric vehicles are crucial for the development of markets of electric vehicles. K E Y W O R D S barriers and drivers of renewables, sustainable energy, sustainable energy policies, the Baltic States

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“…To the best of our knowledge, few analyses have been performed so far to reveal the financing efficiency of low‐carbon companies. An exception is a recent study by Lyu and Shi () of investigating the renewable energy industry financing efficiency. However, their study is restricted to the renewable energy industry and mainly based on external financing sources (e.g., R&D investment, stock market, venture capital and private investment, and project financing).…”

Section: Introductionmentioning

confidence: 99%

A quantitative study of financing efficiency of low‐carbon companies: A three‐stage data envelopment analysis

Liu

Gao

2019

Bus Strat Env

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This study set out to evaluate the financing efficiency of low-carbon companies.Applying a three-stage data envelopment analysis with the data from 85 listed companies in China's low-carbon industries over the period 2011 to 2017, this study has found that the overall financing efficiency of low-carbon companies was relatively high, and the pure technical efficiency was quite steady over the period. The overall financing efficiency of these low-carbon companies on average tended to change with the scale efficiency. This study has also shown that the scale efficiency was the main constraint influencing the financing efficiency of low-carbon companies in China over the period. Our results are robust and have significant implications for policy makers and corporate managers.

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Research on the Renewable Energy Industry Financing Efficiency Assessment and Mode Selection

Cited by 38 publications

References 13 publications

Clean Energy Sources: Insights from Russia

Clean Energy Sources: Insights from Russia

Renewable energy barriers and coping strategies: Evidence from the Baltic States

A quantitative study of financing efficiency of low‐carbon companies: A three‐stage data envelopment analysis

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