Bank as a stakeholder in the financing of renewable energy sources. Recommendations and policy implications for poland

Abstract

The paper concerns the role of the banking sector in renewable energy financing in Poland. The main goal of the paper is to provide recommendations for the banking sector in Poland, which can be used in the process of financing RES. The main methods used in the paper are the thorough analysis of the solutions used to finance RES in different countries and multivariate analysis of options presented on the ordinal scale. The first finding is the answer to the question of which financial instruments used by banks are the most effective in the financing of RES. It is based on the prepared ranking of different instruments used by banks in the process of renewable energy financing, by assessing the structure and value of required financing for renewable energy based on future scenarios. The second finding in the paper is the set of recommendations for the banking sector and policymakers as to financing renewable energy sources in Poland. The main conclusion is that renewable energy financing through the instruments available in the banking sector is efficient and is characterized by relatively low risk.