State support mechanisms and the leading renewable energy projects: a Russian experience
- DOI
- 10.2991/icseal-19.2019.53How to use a DOI?
- Keywords
- Energy, leadership, renewable energy sources, state support, Russia
- Abstract
The importance of alternative energy development calls for the application of leading government-backed plans to stimulate this sector. However, the existing political uncertainty and sometimes ineffectiveness of state support increase the risks of renewable energy (RES) projects and, as a result of that, hinder the development of this industry. Therefore, it appears highly relevant to assess the soundness of the current government-sponsored policies on renewable energy development. This paper presents the main types of specific risks that are typical for renewable energy as well as the results of quantitative assessment of the profitability factors of renewable energy projects. The paper employs an energy-specific logit-model as its main methodical approach. On the basis of the model, the calculations were carried out using Russian RES projects as a case study. The projects are included in the priority areas of the sector development and constitute main types of state support. The results and calculations reveal the risk dynamics at the stages of the life cycle of RES projects that help to evaluate the effectiveness of state measures to support the sector. The results and outcomes of this paper are of practical importance and might be used for improving the existing approach to risk assessment in the RES market as well as in the development of a concept of competition in the global energy market.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Galina Chebotareva PY - 2019/05 DA - 2019/05 TI - State support mechanisms and the leading renewable energy projects: a Russian experience BT - Proceedings of the 3rd International Conference on Social, Economic, and Academic Leadership (ICSEAL 2019) PB - Atlantis Press SP - 340 EP - 345 SN - 2352-5398 UR - https://doi.org/10.2991/icseal-19.2019.53 DO - 10.2991/icseal-19.2019.53 ID - Chebotareva2019/05 ER -