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Government Policy and Financing Options for Solar Energy: World Prospects

Author

Listed:
  • Adel Ahmed

    (College of Business, Al Ain University of Science and Technology, Abu Dhabi, UAE,)

  • Yuliya G. Tyurina

    (Department of Public Finance, Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Zhanara P. Smailova

    (Department of Economics, Kazakh Ablai Khan University of International Relations and World Languages, Almaty, Kazakhstan,)

  • Anastasia A. Kurilova

    (Department of Finance and Credit, Togliatti State University, Togliatty, Russia,)

  • Aleksei A. Shulus

    (Department of Management and Business Technologies, Plekhanov Russian University of Economics, Moscow, Russia.)

Abstract

The project financing of solar projects has been proven challenging given the relatively high costs (both for utility solar and rooftop solar) of solar projects, the uncertain life cycle for solar panels, and the lack of business models for financing in the private sector. Several governments have loan-financing programs available for solar-ener\gy projects. The article describes the peculiarities of government policy in the solar energy field of countries that have already implemented large-scale projects for the construction of SPS (USA, China, India, EU) and countries that have just started to implement this option as an alternative energy into the country's overall energy system (Eastern Europe: Russia, Kazakhstan). This article is universal in nature. The data obtained and developments can be applied both in the local and international practice of managing an energy business operating in the field of alternative energy - the solar industry.

Suggested Citation

  • Adel Ahmed & Yuliya G. Tyurina & Zhanara P. Smailova & Anastasia A. Kurilova & Aleksei A. Shulus, 2019. "Government Policy and Financing Options for Solar Energy: World Prospects," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 131-145.
    • Handle: RePEc:eco:journ2:2019-06-17
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    References listed on IDEAS

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    2. Frondel, Manuel & Ritter, Nolan & Schmidt, Christoph M., 2008. "Germany's solar cell promotion: Dark clouds on the horizon," Energy Policy, Elsevier, vol. 36(11), pages 4198-4204, November.
    3. Zhang, Sufang & He, Yongxiu, 2013. "Analysis on the development and policy of solar PV power in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 393-401.
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    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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