Biogas as an alternative energy resource for Ukrainian companies: EU experience
The paper deals with analysis of the preconditions of alternative energy market development in Ukraine. In this case study, the authors analyzed the EU experience. The results of analysis showed that the leader of the EU countries in renewable energy has already achieved the target (20%), which had...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2018-07-01
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| Series: | Innovative Marketing |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10702/IM_2018_02_Yevdokimov.pdf |
| _version_ | 1818936186209566720 |
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| author | Yuri Yevdokimov Olena Chygryn Tetyana Pimonenko Oleksii Lyulyov |
| author_facet | Yuri Yevdokimov Olena Chygryn Tetyana Pimonenko Oleksii Lyulyov |
| author_sort | Yuri Yevdokimov |
| collection | DOAJ |
| description | The paper deals with analysis of the preconditions of alternative energy market development in Ukraine. In this case study, the authors analyzed the EU experience. The results of analysis showed that the leader of the EU countries in renewable energy has already achieved the target (20%), which had been indicated. In addition, the findings showed that the share of renewable energy in gross final energy consumption has been increasing from year to year. The authors allocate that, according to the Ukrainian potential, biogas is the most perspective one among alternative resources. Moreover, results of analysis showed that Ukraine has the huge potential of agricultural sector. In this direction, the authors allocated the main types of the agricultural activities, which have the highest potential of biogas production: sugar factories, corn silage and poultry farms. The authors underlined that biogas spreading is restrained by the stereotypes that green investments are not attractive for investors. In order to analyze the economic efficiency of investments to the biogas installation, the authors calculated the profit from the biogas installation for poultry farm. The authors made two scenarios for calculation. The first – the whole volume of energy, which was generated from the biogas unit, will be sold with feed-in tariff. The second – the farm covers its own needs in electricity, the rest will be sold with feed-in tariff. The findings showed that the first scenario is more attractive. Moreover, the farm could receive higher profit if it installed the biogas in 2016, not in 2017. In addition, based on the EU experience and features of farm functioning, the authors approved that the biogas installation has not only the economic effect (profit and additional profit) for company, but also ecological and social effects for rural area, where this farm was located. |
| first_indexed | 2024-12-20T05:32:03Z |
| format | Article |
| id | doaj.art-2d43a653573a4614bcb4d7a2a03f9e0b |
| institution | Directory Open Access Journal |
| issn | 1814-2427 1816-6326 |
| language | English |
| last_indexed | 2024-12-20T05:32:03Z |
| publishDate | 2018-07-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Innovative Marketing |
| spelling | doaj.art-2d43a653573a4614bcb4d7a2a03f9e0b2022-12-21T19:51:42ZengLLC "CPC "Business Perspectives"Innovative Marketing1814-24271816-63262018-07-0114271510.21511/im.14(2).2018.0110702Biogas as an alternative energy resource for Ukrainian companies: EU experienceYuri Yevdokimov0Olena Chygryn1https://orcid.org/0000-0002-4007-3728Tetyana Pimonenko2https://orcid.org/0000-0001-6442-3684Oleksii Lyulyov3https://orcid.org/0000-0002-4865-7306Ph.D., Professor, Department of Economics, University of New BrunswickPh.D., Associate Professor, Department of Economics, Entrepreneurship and Business Administration, Sumy State UniversityPh.D., Associate Professor, Department of Economics, Entrepreneurship and Business Administration, Sumy State UniversityDoctor in Economics, Associate Professor, Department of Economics, Entrepreneurship and Business Administration, Sumy State UniversityThe paper deals with analysis of the preconditions of alternative energy market development in Ukraine. In this case study, the authors analyzed the EU experience. The results of analysis showed that the leader of the EU countries in renewable energy has already achieved the target (20%), which had been indicated. In addition, the findings showed that the share of renewable energy in gross final energy consumption has been increasing from year to year. The authors allocate that, according to the Ukrainian potential, biogas is the most perspective one among alternative resources. Moreover, results of analysis showed that Ukraine has the huge potential of agricultural sector. In this direction, the authors allocated the main types of the agricultural activities, which have the highest potential of biogas production: sugar factories, corn silage and poultry farms. The authors underlined that biogas spreading is restrained by the stereotypes that green investments are not attractive for investors. In order to analyze the economic efficiency of investments to the biogas installation, the authors calculated the profit from the biogas installation for poultry farm. The authors made two scenarios for calculation. The first – the whole volume of energy, which was generated from the biogas unit, will be sold with feed-in tariff. The second – the farm covers its own needs in electricity, the rest will be sold with feed-in tariff. The findings showed that the first scenario is more attractive. Moreover, the farm could receive higher profit if it installed the biogas in 2016, not in 2017. In addition, based on the EU experience and features of farm functioning, the authors approved that the biogas installation has not only the economic effect (profit and additional profit) for company, but also ecological and social effects for rural area, where this farm was located.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10702/IM_2018_02_Yevdokimov.pdfbiofuelbiogasconsumptionefficiencyinvestmentpotential |
| spellingShingle | Yuri Yevdokimov Olena Chygryn Tetyana Pimonenko Oleksii Lyulyov Biogas as an alternative energy resource for Ukrainian companies: EU experience Innovative Marketing biofuel biogas consumption efficiency investment potential |
| title | Biogas as an alternative energy resource for Ukrainian companies: EU experience |
| title_full | Biogas as an alternative energy resource for Ukrainian companies: EU experience |
| title_fullStr | Biogas as an alternative energy resource for Ukrainian companies: EU experience |
| title_full_unstemmed | Biogas as an alternative energy resource for Ukrainian companies: EU experience |
| title_short | Biogas as an alternative energy resource for Ukrainian companies: EU experience |
| title_sort | biogas as an alternative energy resource for ukrainian companies eu experience |
| topic | biofuel biogas consumption efficiency investment potential |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/10702/IM_2018_02_Yevdokimov.pdf |
| work_keys_str_mv | AT yuriyevdokimov biogasasanalternativeenergyresourceforukrainiancompanieseuexperience AT olenachygryn biogasasanalternativeenergyresourceforukrainiancompanieseuexperience AT tetyanapimonenko biogasasanalternativeenergyresourceforukrainiancompanieseuexperience AT oleksiilyulyov biogasasanalternativeenergyresourceforukrainiancompanieseuexperience |