| Abstract [eng] |
Analysis of the Renewable Energy Sector and its Development Perspectives in Lithuania Market The main purpose of this master thesis is to evaluate RES sector development scenarios in Lithuania. Task of the research: To disclose the concept of RES, their types and properties; To identify the impact of RES on Lithuanian economic growth; To compare the economic aspects of RES resources and their utilization in the markets of Central and Eastern Europe and Norway. & To identify RES development opportunities in Lithuania. Method off the research: analysis of scientific literature, analysis of economic indicators, prognoze, interviews and questionnaire survey. Results of the research and conclusions. According to priority, RES in Lithuania can be categorized as wind, solar, biomass and hydropower. Wind and solar are considered to be the most promising areas for RES development, The development of RES creates additional jobs in the country, allows companies to participate more actively in the RES market, stimulates investment growth, reduces electricity import costs, concludes bilateral contracts, announces technologically neutral auctions and attracts investments. Examining the development barriers shows that experts see barriers to the development of RES in all areas. Political - economic barriers have the most negative impact on RES development. Banks are inflexible with regard to RES loans, auction procedures are delayed and bilateral contracts are not liberalized and not tailored to retailers. Comparing the obtained IRR, the total investment in RES development is considered financially viable and acceptable, it pays off and is profitable. However, it has been observed that the biggest investments in wind farms are paying off more slowly, and it is estimated that it will take 15-20 years on average for the investments to absorb and make a profit. |
