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Renewable energy investment attractiveness: Enabling multi-criteria cross-regional analysis from the investors’ perspective

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  • Kozlova, Mariia
  • Collan, Mikael

Abstract

A review of economic geography studies on renewable energy showed a lack of the investors’ perspective in such an analysis that is crucial for both a single investment planning and policy development. This paper introduces a framework for a cross-regional analysis of renewable energy investment attractiveness and illustrates its use on the case of Russia. The attractiveness of each Russian region is analyzed based on four main variables that are used in the construction of an attractiveness indicator. In addition, the indicator takes into consideration the effect of the different renewable energy investment support mechanisms presented in the country. The results allow the comparative analysis of different regions in terms of renewable energy investment attractiveness. The graphical representation of the results enables intuitive understanding and facilitates decision making.

Suggested Citation

  • Kozlova, Mariia & Collan, Mikael, 2020. "Renewable energy investment attractiveness: Enabling multi-criteria cross-regional analysis from the investors’ perspective," Renewable Energy, Elsevier, vol. 150(C), pages 382-400.
  • Handle: RePEc:eee:renene:v:150:y:2020:i:c:p:382-400
    DOI: 10.1016/j.renene.2019.12.134
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