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.Keywords: solar energy; government policy in the solar energy field; alternative energy business.JEL Classifications: 013; Q4; Q42.DOI: https://doi.org/10.32479/ijeep.8212
Highlights
The solar photovoltaics (PV) market grew very rapidly in recent years, mostly driven by technological improvements that reduced costs and government policies supportive of renewable energy
Summarizing the state programs and projects in the field of alternative energy already analyzed in this article. 6 reflects examples of target shares of renewable energy sources within final consumption by 2020
A gradual decrease in specific capital costs contributes to the profitability in the solar energy field
Summary
The solar photovoltaics (PV) market grew very rapidly in recent years, mostly driven by technological improvements that reduced costs and government policies supportive of renewable energy. Solar energy still is more expensive than conventional energy-resources despite rapidly declining costs, and sustained policy support is needed, so that its growth will continue. The right mix of policy towards solar-energy development should arise from the hidden benefits of solar energy, and go beyond the achievement of parity in grid costs. Policy makers’ agenda should include an expansion in the generation of renewable energy and so maintain the reliability of the power grid to address climate change, boost energy-security, develop a domestic industry for green jobs, secure access to electricity in remote areas, and address the external costs of fossil-fired power generation. Energy consumption and production makes up for about two thirds of global greenhouse gas emissions, and 81% of global energy consumption is still based on natural fuel — the same value
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Energy Economics and Policy
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
