Identification of the basic elements of the innovation-analytical platform for energy efficiency in project financing

• Main Authors: Tetyana Marchuk, Dmytro Ryzhakov, Galyna Ryzhakova, Sergiy Stetsenko
• Format: Article
• Language: English
• Published: LLC "CPC "Business Perspectives" 2017-12-01
• Series: Investment Management & Financial Innovations
• Subjects: bank investor; benchmarking; energy efficiency; energy efficiency improvement; financing; project analysis
• Online Access: https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/9623/imfi_2017_04_Marchuk.pdf

This analytical study focuses on the financing of energy efficiency projects in Ukraine. In this article, the authors analyze the state and dynamics of the modern market of energy resources both on a global scale and within Ukraine, and it was discovered that the potential of the energy efficiency market is extremely large and interesting for different groups of bank investors. In the course of the study, it was revealed that private households and industrial enterprises are the largest energy consumers in Ukraine, which confirms the necessity of implementing a public program for financing energy efficiency projects. The study of Ukraine’s legislative framework has made it possible to clearly define the concept of energy efficiency and to highlight which projects can be considered energy-efficient. It is noted that the state actively develops and implements a policy to increase energy consumption savings both among private individuals and among producing enterprises, which is implemented at the state level by a specially created Energy Efficiency Fund. As a specific tool for analyzing energy efficiency projects, the authors suggest using benchmarking technology, which provides the opportunity to highlight the strengths and weaknesses of a specific energy saving project, as compared to the top project in the industry. As a result, in the course of the conducted analytical studies, the authors proposed a specific tool for the analysis of energy efficiency financing projects in Ukraine, which includes five priority areas for which it is necessary to build a methodology for assessing the borrower’s creditworthiness, which seeks to implement a project in the field of energy saving.