Analysis of the Financing Options for Pro-Ecological Projects

Jolanta Bijańska, Krzysztof Wodarski and Aneta Aleksander
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Jolanta Bijańska: Department of Economics and Informatics, Silesian University of Technology, 44-100 Gliwice, Poland
Krzysztof Wodarski: Department of Management, Silesian University of Technology, 44-100 Gliwice, Poland
Aneta Aleksander: Department of Management, Silesian University of Technology, 44-100 Gliwice, Poland

Energies, 2022, vol. 15, issue 6, 1-30

Abstract: The implementation of pro-ecological projects, including those in the field of renewable energy sources, should bring the desired effects, not only environmental or social, but also economic and financial. Although the latter should not prejudge the implementation of such projects, investors, who are primarily enterprises, need information on whether financing the project from specific, available sources is effective and when the incurred financial expenses will pay off. The publication presents a model that reflects the procedure in the analysis of financing opportunities for pro-ecological projects, aimed at maximizing their financial effects, with a consideration of specific risk factors and limitations. The result of the application of this model is information that supports making rational decisions about the implementation of a specific pro-ecological project. The model was positively verified within a case study concerning the purchase and assembly of a photovoltaic installation by a medium-sized company in Poland.

Keywords: pro-ecological projects; analysis of financing possibilities; assessment of financing effectiveness; risk factors; decision support model (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: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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