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Financial Resources for the Investments in Renewable Self-Consumption in a Circular Economy Framework

Author

Listed:
  • Sabina Scarpellini

    (Department of Accounting and Finance and CIRCE Institute, University of Zaragoza, 50018 Zaragoza, Spain)

  • José Ángel Gimeno

    (CIRCE Institute, University of Zaragoza, 50018 Zaragoza, Spain)

  • Pilar Portillo-Tarragona

    (Department of Accounting and Finance and IEDIS Institute, University of Zaragoza, 50005 Zaragoza, Spain)

  • Eva Llera-Sastresa

    (Department of Mechanical Engineering and CIRCE Institute, University of Zaragoza, 50018 Zaragoza, Spain)

Abstract
The availability of financial resources has been pointed out as one of the determining factors for the investment in renewable self-consumption solutions for the energy transition in the European Union. In economic terms, the barriers to investment are related to low levels of profitability and difficulties in accessing financing in some European regions. These barriers must be overcome to foster a sustainable energy transition. However, this topic of analysis is still underexplored in the literature to date. This study provides a characterisation of the financial resources applied to self-consumption from an economic–financial approach to the decision-making investors in a case study in Spain from a novel focus on the subject. The relevance of alternative financial resources as a mechanism to reduce existing barriers is revealed through the analysis of the active role that installers play in making investment decisions, facilitating the growth of self-consumption. The alternative financial channels and the bank intermediation for renewables are topics of interest to promote the energy transition towards a low-carbon economy.

Suggested Citation

  • Sabina Scarpellini & José Ángel Gimeno & Pilar Portillo-Tarragona & Eva Llera-Sastresa, 2021. "Financial Resources for the Investments in Renewable Self-Consumption in a Circular Economy Framework," Sustainability, MDPI, vol. 13(12), pages 1-17, June.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:12:p:6838-:d:576532
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    References listed on IDEAS

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