Government Policy and Financing Options for Solar Energy: World Prospects

Adel Ahmed, Yuliya G. Tyurina, Zhanara P. Smailova, Anastasia A. Kurilova and Aleksei A. Shulus
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Adel Ahmed: College of Business, Al Ain University of Science and Technology, Abu Dhabi, UAE,
Yuliya G. Tyurina: Department of Public Finance, Financial University under the Government of the Russian Federation, Moscow, Russia,
Zhanara P. Smailova: Department of Economics, Kazakh Ablai Khan University of International Relations and World Languages, Almaty, Kazakhstan,
Anastasia A. Kurilova: Department of Finance and Credit, Togliatti State University, Togliatty, Russia,
Aleksei A. Shulus: Department of Management and Business Technologies, Plekhanov Russian University of Economics, Moscow, Russia.

International Journal of Energy Economics and Policy, 2019, vol. 9, issue 6, 131-145

Abstract: The project financing of solar projects has been proven challenging given the relatively high costs (both for utility solar and rooftop solar) of solar projects, the uncertain life cycle for solar panels, and the lack of business models for financing in the private sector. Several governments have loan-financing programs available for solar-ener\gy projects. The article describes the peculiarities of government policy in the solar energy field of countries that have already implemented large-scale projects for the construction of SPS (USA, China, India, EU) and countries that have just started to implement this option as an alternative energy into the country's overall energy system (Eastern Europe: Russia, Kazakhstan). This article is universal in nature. The data obtained and developments can be applied both in the local and international practice of managing an energy business operating in the field of alternative energy - the solar industry.

Keywords: solar energy; government policy in the solar energy field; alternative energy business. (search for similar items in EconPapers)
JEL-codes: O13 Q4 Q42 (search for similar items in EconPapers)
Date: 2019
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