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Investigation of the Features of Investment in the Development of Renewable Energy Sources: Main Consumers, Legal Regulation, Equipment, Rates and Delivery

Author

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  • Ekaterina V. Nezhnikova

    (Peoples Friendship University of Russia (RUDN University), 117198, Moscow, Miklukho-Maklaya Street, 6, Russian Federation,)

  • Irina V. Okhremenko

    (Plekhanov Russian University of Economics Volgograd branch, 400131, Volgograd, Volgodonskaya St., 11, Russian Federation,)

  • Oksana V. Papelniuk

    (National Research Moscow State University of Civil Engineering, 129337, Moscow, Yaroslavskoye shosse, 26, Russian Federation.)

Abstract

This study aims to examine some peculiarities of investing as one of the most important aspects of renewable energy sources development in Russia. Within the framework of this study, a comprehensive analysis of statistical data and analytical indicators reflecting the current state of renewable energy of the Russian Federation was carried out. The results of the conducted research show that, despite the considerable reserves of traditional energy resources, there has been a lively competition in the renewable energy sector in recent years; the goal is obtaining the right to implement projects and receive return on investment through a support mechanism. On the basis of the study of the experts concerning the Russian energy market and the existing mechanisms for RES support, the authors conclude that opinions of the market participants are divided. Consumers and power supply companies stand for the abolition of the current support mechanism after 2024. Investors claim the need to extend the existing support measures but with changes in conditions and parameters.

Suggested Citation

  • Ekaterina V. Nezhnikova & Irina V. Okhremenko & Oksana V. Papelniuk, 2018. "Investigation of the Features of Investment in the Development of Renewable Energy Sources: Main Consumers, Legal Regulation, Equipment, Rates and Delivery," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 178-186.
    • Handle: RePEc:eco:journ2:2018-04-23
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    References listed on IDEAS

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    5. Ekaterina Nezhnikova & Oksana Papelniuk & Anna Evgenievna Gorokhova, 2018. "Russia-China Energy Dialogue: Research of the Most Promising Energy Areas for Interrelation," International Journal of Energy Economics and Policy, Econjournals, vol. 8(1), pages 203-211.
    6. Andrea Masini & E. Menichetti, 2012. "The impact of behavioural factors in the renewable energy investment decision making process: Conceptual framework and empirical findings," Post-Print hal-00651706, HAL.
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    More about this item

    Keywords

    Renewable Energy; Renewable Energy Sources; Alternative Energy;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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