INVESTMENT ATTRACTIVENESS OF RENEWABLE ENERGY IN UKRAINE

Chudovska V.A.
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Chudovska V.A.: Institute of Agroecology and Nature Management of National Academy of Agrarian Sciences of Ukraine

Balanced Nature Using, 2019, vol. 10, issue 2, 41-50

Abstract: The possible ways of increasing the investment attractiveness of renewable energy in Ukraine are deepened and substantiated in the context of balancing its socio-ecological and economic interests. It was determined that the formation of optimal market conditions for attracting private investment requires the concerted efforts of the government, international financial institutions and other interested parties, since the state plays a key role in stimulating the influx of investments in renewable energy. Based on the definition of the main cost items by sources of electricity generation, as well as taking into account the level of their technically achievable energy potentials, the return on investment in various types of generation from alternative energy sources is calculated. A generalization and systematization of possible factors of influence on the investment attractiveness of renewable energy is carried out in accordance with the spectrum and direction of action of the vectors of such influence, as a result of which nine blocks of classification features that combine these influence vectors are identified. It is substantiated that the implementation of the initial stages of forming an effective institutional base for increasing the investment attractiveness of renewable energy has begun, which gradually establishes assistance to mitigate possible corruption and eliminate the main risks for potential investors. In the aspect of this, a new regulatory toolkit has been identified that will help to increase investment in the renewable energy sector of our country.

Keywords: investment attractiveness; renewable energy; alternative energy sources; factors; competitive advantages; auction; land design (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (5)

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