Features of financing innovative renewable energy development

Abstract

Despite the steady growth of investment in the innovative development of alternative energy, international experience shows that, despite all the achievements in the field of alternative energy, the share of electricity from renewable sources in the total volume is still relatively small. But if we take into account the technological and financial barriers associated with the transition to renewable energy sources, as well as the steady growth in demand for energy, the problem of alternative energy gradually come to the fore. To solve this problem, it is necessary to create conditions for the comprehensive development of financing infrastructure of renewable energy, which depends on many factors and requires efficient allocation and recycling of capital investments. In any case, the problem of investments in various financial models developed in practice (at the state level or business), are associated with the extent of innovation and investment climate in the regions. Each investment project has its own distinctive risk profile, in which different factors have varying degrees of impact on the socio-economic and financial results of innovation in the field renewable energy.