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Investment Analysis of Renewable Energy

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".

Deadline for manuscript submissions: closed (15 December 2022) | Viewed by 11442

Special Issue Editors


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Guest Editor
Department of Ecological Economics, Faculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wroclaw, Poland
Interests: environmental economics and management; environmental externalities; environmental impact assessment; environmental financing and funds; air pollution management and control; solid waste management; sustainable development; energy economics
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Guest Editor
Department of Macroeconomics, Faculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wroclaw, Poland
Interests: sustainable economics; energy economics; green economics and environmental economics; renewable energy sources investments; climate change policies; environmental financing
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The threat of a climate crisis has influenced most countries to establish policy and energy strategies promoting renewable energy technologies on a large scale. The International Energy Agency (IEA) estimates that policy signals and markets are not leading to a scale up in energy transition by the large-scale reallocation of capital to support renewables. To meet energy transition targets, private investors and developers must be the key actors in the development process of relevant projects. The development of investments in the RES sector requires economic analysis to inform investors about the economic aspects of implemented and planned projects.

This Special Issue aims to present economic analysis methods for various types of investments in renewable energy. The scope includes the following:

  • The subject of the analysis;
  • Methods of carrying out the analysis;
  • Indication of essential components;
  • Conditions of use, and the results obtained.

Economic analysis should address and document the evaluation of the following significant items: economic and financial conditions, technology, energy supply and demand, infrastructure, institutional resources, technical, financial and institutional or technical risk and sensitivity.

Public sources support a significant part of renewable projects. The crucial issue is to indicate, study and access: environmental costs, impacts and the number of greenhouse emissions reduced in the project, the expected contribution to the economy's growth and the social objectives and impacts.

Prof. Dr. Andrzej Graczyk
Prof. Dr. Alicja Małgorzata Graczyk
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Renewable energy projects financing
  • Financial instruments for renewable energy projects
  • Profitability calculation
  • Assessing the investment risk of renewable energy projects
  • Barriers to commercializing renewable energy technologies
  • Estimation of the economic value of project
  • Economic appraisal of renewable energy investments
  • Renewable energy development mechanisms
  • Cost–benefit analysis

Published Papers (4 papers)

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Research

29 pages, 1728 KiB  
Article
Pro-Ecological Energy Attitudes towards Renewable Energy Investments before the Pandemic and European Energy Crisis: A Segmentation-Based Approach
by Alicja Małgorzata Graczyk, Marta Kusterka-Jefmańska, Bartłomiej Jefmański and Andrzej Graczyk
Energies 2023, 16(2), 707; https://doi.org/10.3390/en16020707 - 7 Jan 2023
Cited by 9 | Viewed by 2209
Abstract
The household as the primary decision-making unit is founded on classical and neoclassical economics. However, household behaviour changes have been noticeable in the last decade, moving towards more green and sustainable patterns, which have been pronounced in EU countries striving for a more [...] Read more.
The household as the primary decision-making unit is founded on classical and neoclassical economics. However, household behaviour changes have been noticeable in the last decade, moving towards more green and sustainable patterns, which have been pronounced in EU countries striving for a more significant share of renewable energy sources (RES) in energy consumption. These behaviours can be attributed to sustainable economics and are an essential part of energy transformation, as they are focused on pro-ecological attitudes, considering both financial activities and those related to caring for the environment and future generations. This article aims to segment energy consumers and to determine what attitudes prevailed in the selected segments and to what extent consumers were pro-ecologically oriented when making decisions regarding RES management before the pandemic and the energy crisis outbreak in Europe. We propose a three-segment model for archetyping household energy consumers in Poland by considering the following groups of factors: environmental and energy goods protection (F1), the mirror effect (F2), and energy and devices profitability (F3). The segments are distinguished based on factor analysis and the fuzzy c-means method. The number of segments is determined based on the cluster validity measure. The presented results prove that the F1 factor plays the leading role in each segment. The percentage of positive responses for each segment, including a migrating group of households, oscillates over 80%. It gives strong hope for retaining sustainable attitudes regardless of the pandemic and energy crisis that occurred in 2022 in the EU. Full article
(This article belongs to the Special Issue Investment Analysis of Renewable Energy)
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35 pages, 392 KiB  
Article
Efficiency of Environmental Protection Expenditures in EU Countries
by Alan Barrell, Pawel Dobrzanski, Sebastian Bobowski, Krzysztof Siuda and Szymon Chmielowiec
Energies 2021, 14(24), 8443; https://doi.org/10.3390/en14248443 - 14 Dec 2021
Cited by 8 | Viewed by 2634
Abstract
Environmental protection policy is a widely discussed issue in scientific works. However, special attention should be also paid to the effectiveness of expenditures on environmental protection, and this is the main goal of this paper. The countries of the European Union were selected [...] Read more.
Environmental protection policy is a widely discussed issue in scientific works. However, special attention should be also paid to the effectiveness of expenditures on environmental protection, and this is the main goal of this paper. The countries of the European Union were selected for this analysis due to the fact that, in recent years, this region has become an informal world leader with respect to the implementation of policy measures in the field of environmental protection. For that reason, the data envelopment analysis methodology was used, which allows the calculation of input-output efficiency for the years 2005–2015. The analysis shows that, among the 30 analyzed countries, the most effective in environmental protection actions is Finland. The hypothesis that higher environmental protection expenditures does not result in better environmental results has been confirmed. Our analysis confirmed the problem of the deteriorating efficiency of environmental expenditures across the selected European Union Member States, caused by increases in spending. This research may contribute to the discussion on environmental protection policy design and its assessment, as well as environmental policy results measurement. Full article
(This article belongs to the Special Issue Investment Analysis of Renewable Energy)
22 pages, 1083 KiB  
Article
Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland
by Karolina Daszyńska-Żygadło, Krzysztof Jajuga and Justyna Zabawa
Energies 2021, 14(19), 6422; https://doi.org/10.3390/en14196422 - 8 Oct 2021
Cited by 2 | Viewed by 2540
Abstract
The paper concerns the role of the banking sector in renewable energy financing in Poland. The main goal of the paper is to provide recommendations for the banking sector in Poland, which can be used in the process of financing RES. The main [...] Read more.
The paper concerns the role of the banking sector in renewable energy financing in Poland. The main goal of the paper is to provide recommendations for the banking sector in Poland, which can be used in the process of financing RES. The main methods used in the paper are the thorough analysis of the solutions used to finance RES in different countries and multivariate analysis of options presented on the ordinal scale. The first finding is the answer to the question of which financial instruments used by banks are the most effective in the financing of RES. It is based on the prepared ranking of different instruments used by banks in the process of renewable energy financing, by assessing the structure and value of required financing for renewable energy based on future scenarios. The second finding in the paper is the set of recommendations for the banking sector and policymakers as to financing renewable energy sources in Poland. The main conclusion is that renewable energy financing through the instruments available in the banking sector is efficient and is characterized by relatively low risk. Full article
(This article belongs to the Special Issue Investment Analysis of Renewable Energy)
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20 pages, 2417 KiB  
Article
Assessment of the Europe 2020 Strategy: A Multidimensional Indicator Analysis via Dynamic Relative Taxonomy
by Marek Walesiak, Grażyna Dehnel and Marek Obrębalski
Energies 2021, 14(16), 4990; https://doi.org/10.3390/en14164990 - 14 Aug 2021
Cited by 10 | Viewed by 2185
Abstract
Since 2010, the European Union countries have been implementing the objectives of the Europe 2020 Strategy aimed at smart, sustainable, and inclusive growth. The Strategy formulates nine indicators that are systematically monitored and assessed. Not all the indicators of the Europe 2020 Strategy [...] Read more.
Since 2010, the European Union countries have been implementing the objectives of the Europe 2020 Strategy aimed at smart, sustainable, and inclusive growth. The Strategy formulates nine indicators that are systematically monitored and assessed. Not all the indicators of the Europe 2020 Strategy could be used in the analysis in a direct way. Due to the limited availability and comparability of statistical data, this problem is presented in detail in part 2 of the article. The assessment of the achievement level of the Europe 2020 Strategy targets, both at the level of the entire European Union (the EU-level targets approach) and its individual Member States (the national-level targets approach) is the primary research purpose of the study. The composite index proposed and constructed on the basis of a dynamic relative taxonomy was used in the conducted research to present the diversified distance of the individual European Union countries in relation to the EU-level targets as well as the national-level targets of the Europe 2020 Strategy. The research methodology allows conducting the analysis taking into account the missing data. Most methods of ordering objects based on aggregate measures are compensatory in nature. This problem was significantly reduced by taking into account the geometric mean in the construction of the aggregate measure. The research findings revealed that in the years 2010–2019 an ongoing improvement in the implementation of both the EU and the national targets of the Europe 2020 Strategy was observed. In addition, the differences existing between the European Union Member States were reduced. However, none of the countries achieved the EU-level targets. Their highest implementation level was recorded in Denmark, Sweden, Austria, and Finland. The achievement level of the strategic goals regarding the national-level targets was influenced by the choice of one of the two approaches indicated in the study and adopted by the individual EU Member States in determining the set target values of the indicators, i.e., either prudential or optimistic. Full article
(This article belongs to the Special Issue Investment Analysis of Renewable Energy)
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