Many hamsters: how the EU can enable private firms to provide renewable energy

Abstract

This paper investigates the energy investment needs of the European Union (EU), including renewable energy. Europe currently has little or no economic growth, and interest rates are expected to rise. Given the state of many EU countries' economies, this is a good time to encourage investment because-according to Keynesian economics-extra spending can stimulate economic activity. The current economic situation limits options for many governments in EU countries, so new approaches may be required. This paper uses ideas from the European Commission, on how a 'smart' electricity grid can enable renewable energy-such as solar power. The EU Parliament could enable a market-provided solution by offering incentives to the private sector. Private investment will be encouraged if the EU gives long-term low-interestrate loans for renewable energy generation. Also, a Europe-wide grid makes it profitable to locate solar panels in low-wage countries in southern Europe, and sell electricity in richer countries.

Spatial Decision-Making under Uncertainties for Supporting the Prospection of Sites for Hybrid Renewable Energy Generation Systems

“…Considering the uncertainties and the possibility of using the DM's preferences are crucial in analyzing locational problems, notably those related to renewable generation, since this area is usually seen as quite a risky business, with significant initial investments Energies 2023, 16, 4880 3 of 29 and extended payback periods [17]. Recognizing this, we propose an approach to support prospective studies which can consider business models and strategic goals, providing comprehensive and robust recommendations on new sites.…”