Bank as a Stakeholder in the Financing of Renewable Energy Sources. Recommendations and Policy Implications for Poland

Karolina Daszyńska-Żygadło, Krzysztof Jajuga and Justyna Zabawa
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Karolina Daszyńska-Żygadło: Faculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wrocław, Poland
Krzysztof Jajuga: Faculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wrocław, Poland
Justyna Zabawa: Faculty of Economics and Finance, Wroclaw University of Economics and Business, 53-345 Wrocław, Poland

Energies, 2021, vol. 14, issue 19, 1-22

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 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.

Keywords: renewable energy; banking sector; stakeholders analysis; financing instruments; risk analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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