Modeling of Prospects for the Development of Regional Renewable Energy

Svetlana Drobyazko, Suparna Wijaya, Pavel Blecharz, Sergii Bogachov and Milyausha Pinskaya
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Svetlana Drobyazko: The European Academy of Sciences LTD, 71-75 Shelton Street Covent Garden, London WC2H 9JQ, UK
Suparna Wijaya: Polytechnic of State Finance STAN, Bintaro Jaya Tangerang Selatan, Banten 15222, Indonesia
Pavel Blecharz: Faculty of Economics, VŠB-Technical University of Ostrava, 17. listopadu 2172/15, 70800 Ostrava-Poruba, Czech Republic
Sergii Bogachov: Financial University under the Government of the Russian Federation, 49 Leningradsky Prospekt, 125167 Moscow, Russia
Milyausha Pinskaya: Financial Research Institute of the Ministry of Finance of the Russian Federation, Nastasyinsky Lane, 3, b. 2, 127006 Moscow, Russia

Energies, 2021, vol. 14, issue 8, 1-17

Abstract: It has been proven that to solve the problems that arise in the combinatorial modeling of the prospects for the development of regional renewable energy, an algorithmically simple general combinatorial approach is the most appropriate option. The conceptual express method and corresponding mechanisms of the economic estimation of the efficiency of variants of the formation of regional systems of renewable energy have been suggested. These variants take into account the inflationary factors which serve as a basis of the analysis of investment and innovative projects of renewable energy sources by means of combinatorial modeling methods. To qualitatively analyze the effectiveness of the compared options, the system of existing indicators of the economic efficiency of renewable energy sources at the meso-level has been studied. The system was supplemented by informal and environmental indicators, the need for which is due to the fact that they have a significant impact on renewable energy in the region. Factors that significantly determine the effectiveness of the investment and innovation project for the introduction of renewable energy sources into the regional economy have been substantiated.

Keywords: renewable energy sources; regional economy; investment and innovation project; efficiency; environment (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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