|Generate QR code
Open Access
Subscription Access
Overcoming stereotypes of renewable energy
https://doi.org/10.32609/0042-8736-2019-4-124-136
Abstract
The article considers prerequisites for the formation of a new paradigm in the energy sector. The factors that may affect the imminent change of leadership among the energy generation are analyzed. The variability of the projects of creation and functioning of power stations is examined. The focus is made on problematic aspects of the new generation, especially, storage and supply of energy, achieving a system of parity that ensures balance in pricing generations. The author substantiates the principles of forming system of parities arising when comparing traditional and new generations. The article presents the results of an empirical analysis of the 215 projects for the construction of facilities for renewable energy. The significance and direction of the impact of these factors on the growth in investment volumes of transactions are determined. The author considers leasing as an effective financial instrument for overcoming stereotypes of renewable energy and as a promising direction for accelerated implementation of investment projects.
About the Author
Victor D. Gazman
National Research University Higher School of Economics
Russian Federation
Moscow
Russian Federation
Moscow
References
1. Alferov Zh. I. (2010). Interviews. Moscow: Svobodnaya Pressa. (In Russian).
2. Analytical Center under the Government of RF (2015). Subsidies policies in the fuel and energy complex in Russia and the world under conditions of lowering prices for energy. Moscow. (In Russian). http://ccgs.ru/system/system/archives/Novosti/Material_k_obsuzhdeniju__Subsidii_TEK.pdf
3. Gazman V. D. (2011). Leasing: Financing and securitization. Moscow: HSE Publ. (In Russian).
4. Gazman V. D. (2016). Leasing of real estate. Moscow: HSE Publ. (In Russian).
5. Makarov A. A., Grigoryev L. M., Mitrova T. A. (eds.) (2016). The forecast of energy development in Russia and the world 2016. Moscow: Energy Research Institute, RAS; Analytical Center under the Government of RF. (In Russian). http://ac.gov.ru/files/publication/a/10585.pdf
6. Assilea (2015). Rapporto sul leasing 2014. Associazione Italiana Leasing.
7. Bloomberg New Energy Finance (2017). New energy outlook 2017, June 15. https://about.bnef.com/new-energy-outlook/
8. BP (2017). Statistical review of world energy, June. http://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy/downloads.html
9. Candia G. (2014). Italy. Market review. In: L. Paul (ed.). World leasing yearbook-2014. London: Euromoney Institutional Investor Publication, pp. 286—298.
10. Mintz Levin (2010). Renewable energy project finance in the U.S.: An overview and midterm outlook. Mintz Levin Greenpaper.
11. OECD/IEA (2015). World energy outlook 2015. Paris: International Energy Agency.
12. OECD/IEA (2018). World energy outlook 2018. Fossil-fuel subsidies. Paris: International Energy Agency. https://www.iea.org/weo/energysubsidies/
13. Ooghe A.-M. (2015). Belgium. Market review. In: L. Paul (ed.). World leasing yearbook-2015. London: Euromoney Institutional Investor Publication, pp. 113—115.
14. O’Sulivan F. M., Warren C. H. (2016). Solar securitization: An innovation in renewable energy finance. MIT Energy Initiative Working Paper, No. MITEI-WP-2016-05, July. http://energy.mit.edu/wp-content/uploads/2016/07/MITEI-WP-2016-05.pdf
15. “Political Economist” (2016). World energy 2016—2050: Annual report. June. http://peakoilbarrel.com/world-energy-2016-2050-annual-report/
16. REN21 (2018). Renewables 2018: Global status report. Paris. http://www.ren21.net/wp-content/uploads/2018/06/17-8652_GSR2018_FullReport_web_final_.pdf
17. Sarad V., Morton T., Berry A. (2016). Five things you need to know about the extension of the ITC/PTC. https://www.pillsburylaw.com/images/content/6/5/v2/65812/TaxAlertDecember2015Tax5ThingsYouNeedtoKnowAbouttheExtensionofth.pdf
Review
For citations:
Gazman V.D. Overcoming stereotypes of renewable energy. Voprosy Ekonomiki. 2019;(4):124-136. (In Russ.) https://doi.org/10.32609/0042-8736-2019-4-124-136
Views:
1122
Email this article 
