Strategic analysis of the potential of bioenergy: outlook for Ukraine

Abstract

Modern Ukraine is an attractive investment object for renewable energy development. Favourable natural and climatic conditions and a convenient geographical location create an enabling environment for renewable energy industry, in particular, the significant untapped potential "lies" in agriculture, which has all conditions for economically and environmentally efficient production of liquid and solid biofuels. The trends of energy production from various sources and the development of bioenergy in the world and in Ukraine have been analysed. The complex research of the strategic potential of bioenergy development has been conducted on the basis of economic and statistical methods, PEST-analysis. The results of a sociological survey of existing agricultural enterprises of Ukraine, potential producers of bioenergy, are presented. According to the results of the study, Ukraine has a significant strategic potential for the development of various renewable energy sources, including bioenergy. The necessity and mechanism of estimation of natural and acquired competitive advantages of energy production development from different sources based on technological and economic efficiency of production have been substantiated. The algorithm of investor decision making on the choice of alternative sources in a certain area has been offered on the basis of comparison of technological and economic efficiency of energy production.