The Impact of Political Risk on the Economic Efficiency of Russian Renewable Energy Projects
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
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The Impact of Political Risk on the Economic Efficiency of Russian Renewable Energy Projects
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| Автор |
Chebotareva, G. S.
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| Тематика |
CAPACITY-BASED SUPPORT SCHEME
ECONOMIC EFFICIENCY ENERGY HYDROELECTRIC POWER POLITICAL RISK RENEWABLE ENERGY RUSSIAN ENERGY MARKET SOLAR POWER STATE SUPPORT WIND POWER |
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| Описание |
This article is the second of the author’s works devoted to a comprehensive study of the economic efficiency of Russian renewable energy (RE) projects. The main goal of this paper is to study the level of influence of political risk on the economic efficiency of RE projects that are implemented in the Russian energy market using a state support program. Fifty-two solar, wind and small hydropower projects, which have received support in the form of a capacity-based support scheme in 2018-2020, were selected as objects of research. The methodological basis of the work was the classical methods of investment analysis and specific industry approach. They were supplemented with the author’s tool for calculating the monetary equivalent of political risk that takes into account the probability of the termination of support from the state. The practice-based assessment utilized the developed scenarios depending on changes in foreign and domestic international credit ratings of the country. The study of the impact of political risk for three stages of RE projects was carried out. Based on the results of the analysis, conclusions were drawn about generally insignificant influence of political risk on the economic efficiency of Russian RE projects. Recommendations for the development of state support programs in the event of the impact of political risks only were generated. The obtained research results are of practical and methodological value. It will be used in studying the impact of other specific risks on the effectiveness of Russian RE projects, as well as in developing recommendations enabling the Russian RE market to give up state support. © 2023 WITPress. All rights reserved.
Council on grants of the President of the Russian Federation: МК-4549.2021.2 The work was supported by a grant of the President of the Russian Federation (МК-4549.2021.2). |
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| Дата |
2024-04-05T16:20:13Z
2024-04-05T16:20:13Z 2023 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) |info:eu-repo/semantics/publishedVersion |
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| Идентификатор |
Chebotareva, GS 2023, 'The Impact of Political Risk on the Economic Efficiency of Russian Renewable Energy Projects', International Journal of Energy Production and Management, Том. 8, № 1, стр. 1-9. https://doi.org/10.18280/ijepm.080101
Chebotareva, G. S. (2023). The Impact of Political Risk on the Economic Efficiency of Russian Renewable Energy Projects. International Journal of Energy Production and Management, 8(1), 1-9. https://doi.org/10.18280/ijepm.080101 2056-3272 Final All Open Access, Bronze, Green https://www.scopus.com/inward/record.uri?eid=2-s2.0-85153796136&doi=10.18280%2fijepm.080101&partnerID=40&md5=043bfed8c6415c30ba79d980a4867328 https://iieta.org/download/file/fid/93439 http://elar.urfu.ru/handle/10995/130421 10.18280/ijepm.080101 85153796136 |
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en
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Open access (info:eu-repo/semantics/openAccess)
publisher-specific-oa |
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application/pdf
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| Издатель |
WITPress
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| Источник |
International Journal of Energy Production and Management
International Journal of Energy Production and Management |
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