Energy potential of renewable energy sources as a factor of investment
The purpose of this work is to determine the degree of impact of energy potential on investments in renewable energy sources (RES). In the introduction the object of research is indicated - the energy potential of renewable energy sources. It is determined that for the purposes of this research the following definition is used: energy potential is a set of resources and factors of the natural environment, the transformation of which into energy is possible in ideal conditions of organization of activity (economically feasible, environmentally justifiable and technically possible). In the main part the components of the energy potential and its determining factors are studied. Quantitative characteristics of the renewable energy potential in the Republic of Belarus are presented and analyzed. An assessment of methods for supporting the development of renewable energy sources is given. It is noted that the main objectives in the field of green energy are determinants of the development of renewable energy sources. Also in the Republic of Belarus, the state supports the renewable energy industry and stimulates its development. The trends and patterns of the world investment processes in the field of renewable energy are revealed. Thus, in most countries, laws have been adopted that create preferential terms for both producers and consumers of alternative energy, which is the determining factor for successful implementation. The modern world economy, focused on innovative modernization, needs a more efficient system of international energy partnership in general and the restructuring of the management of national energy systems in particular. Tax privileges, investment grants, quotas for the purchase of energy from RES, traded “green” certificates, as well as various measures of technical regulation are widespread. In the conclusion it is noted that in order to increase the investment attractiveness of the renewable energy sector of the Republic of Belarus, it is necessary to study and introduce foreign experience in the field of investment in the innovation of the energy complex, create a database of potential investment objects with state support for their implementation on a competitive basis, further work on developing the wholesale electricity market in republic.