Financial Resources for the Investments in Renewable Self-Consumption in a Circular Economy Framework

Sabina Scarpellini, José Ángel Gimeno, Pilar Portillo-Tarragona and Eva Llera-Sastresa
Additional contact information
Sabina Scarpellini: Department of Accounting and Finance and CIRCE Institute, University of Zaragoza, 50018 Zaragoza, Spain
José Ángel Gimeno: CIRCE Institute, University of Zaragoza, 50018 Zaragoza, Spain
Pilar Portillo-Tarragona: Department of Accounting and Finance and IEDIS Institute, University of Zaragoza, 50005 Zaragoza, Spain
Eva Llera-Sastresa: Department of Mechanical Engineering and CIRCE Institute, University of Zaragoza, 50018 Zaragoza, Spain

Sustainability, 2021, vol. 13, issue 12, 1-17

Abstract: The availability of financial resources has been pointed out as one of the determining factors for the investment in renewable self-consumption solutions for the energy transition in the European Union. In economic terms, the barriers to investment are related to low levels of profitability and difficulties in accessing financing in some European regions. These barriers must be overcome to foster a sustainable energy transition. However, this topic of analysis is still underexplored in the literature to date. This study provides a characterisation of the financial resources applied to self-consumption from an economic–financial approach to the decision-making investors in a case study in Spain from a novel focus on the subject. The relevance of alternative financial resources as a mechanism to reduce existing barriers is revealed through the analysis of the active role that installers play in making investment decisions, facilitating the growth of self-consumption. The alternative financial channels and the bank intermediation for renewables are topics of interest to promote the energy transition towards a low-carbon economy.

Keywords: energy transition; circular economy; corporate finance; renewable self-consumption; energy research (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.mdpi.com/2071-1050/13/12/6838/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/12/6838/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:12:p:6838-:d:576532

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().