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Title:The impact of financial support mechanisms and geopolitical factors on the profitability of investments in solar power plants in Slovenia
Authors:ID Gornjak, Iztok (Author)
ID Kokalj, Filip (Author)
ID Samec, Niko (Author)
Files:.pdf energies-17-05714.pdf (4,96 MB)
MD5: 399ADA5A4BDCF9F19982D8261666A776
 
URL https://www.mdpi.com/1996-1073/17/22/5714
 
Language:English
Work type:Article
Typology:1.01 - Original Scientific Article
Organization:FS - Faculty of Mechanical Engineering
Abstract:This article examines the impact of financial support mechanisms and geopolitical factors on the profitability of investments in solar power plants within Slovenia. The European Union’s energy policy prioritizes increases in renewable energy sources, aiming to reduce dependency on unstable and volatile fossil fuel markets. Solar power plants play a vital role in this transition. The energy policy framework also includes mechanisms and support systems to operate such facilities. This article analyzes electricity price trends over the past decade and addresses which support type—guaranteed purchase or operational support—has proven more profitable for investments in solar power plants up to 50 kW in Slovenia, considering economic and geopolitical influences on the electricity market. Although the global energy market has been affected by various significant events in recent years, it was found that the COVID-19 pandemic had minimal impact on the electricity market. In contrast, the onset of the conflict in Ukraine has contributed to rising electricity prices and has influenced the support dynamics essential for the development and sustainability of renewable energy systems. Analyses from the past decade indicate a higher return on investment in solar power plants when operational support mechanisms are chosen over guaranteed purchase support.
Keywords:renewable energy sources, solar power plants, support system, investment profitability factors, electricity price
Publication status:Published
Publication version:Version of Record
Submitted for review:30.10.2024
Article acceptance date:12.11.2024
Publication date:15.11.2024
Publisher:MDPI
Year of publishing:2024
Number of pages:13 str.
Numbering:Vol. 17, iss. 22, [article no.] 5714
PID:20.500.12556/DKUM-91365 New window
UDC:620.92/.98:621.31
ISSN on article:1996-1073
COBISS.SI-ID:219246083 New window
DOI:10.3390/en17225714 New window
Publication date in DKUM:16.12.2024
Views:0
Downloads:10
Metadata:XML DC-XML DC-RDF
Categories:Misc.
:
GORNJAK, Iztok, KOKALJ, Filip and SAMEC, Niko, 2024, The impact of financial support mechanisms and geopolitical factors on the profitability of investments in solar power plants in Slovenia. Energies [online]. 2024. Vol. 17, no. 22,  5714. [Accessed 18 April 2025]. DOI 10.3390/en17225714. Retrieved from: https://dk.um.si/IzpisGradiva.php?lang=eng&id=91365
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Record is a part of a journal

Title:Energies
Shortened title:Energies
Publisher:Molecular Diversity Preservation International
ISSN:1996-1073
COBISS.SI-ID:518046745 New window

Licences

License:CC BY 4.0, Creative Commons Attribution 4.0 International
Link:http://creativecommons.org/licenses/by/4.0/
Description:This is the standard Creative Commons license that gives others maximum freedom to do what they want with the work as long as they credit the author.

Secondary language

Language:Slovenian
Keywords:obnovljivi viri energije, sončne elektrarne, podporni sistem, dejavniki donosnosti naložbe, cena električne energije


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