Investing in alternative energy: prospects for the development of renewable energy market in Russia

   Introduction. In the modern world, with the constant development of technologies and changing market needs, investments in alternative energy play a significant role for the effective operation of both organizations and the state as a whole. The development of renewable energy sources (RES) contributes not only to the renewal and expansion of production processes, but also to the formation of a sustainable energy base, which ultimately leads to sustainable economic growth. Investing in the renewable energy sector in Russia opens up new prospects for the economy, increases the level of energy independence and reduces the negative impact on the environment. The relevance of this area is emphasized by the growing interest in ecology and the need to switch to carbon-free technologies. Investments in alternative energy are also becoming strategically important for the formation of an innovative climate, which has a positive effect on the volume of national income of the regions. The dynamics of the renewable energy sector affects macroeconomic parameters such as gross domestic product and national wealth. Thus, alternative energy is not only a way to diversify economic assets, but also an important step towards a sustainable future.

   Goal. The study assesses the total installed capacity of renewable energy generation facilities in Russia and works out the scenarios for the development of renewable energy sources for the period up to 2035.

   Materials and methods. The methodological basis of the research includes a set of general scientific and special methods necessary for making investment decisions in the field of alternative energy. Among them, one can highlight the analysis of current trends in the renewable energy market in Russia, an assessment of the economic and environmental consequences of the introduction of alternative energy technologies, as well as the study of foreign experience that can be adapted to Russian conditions.

   Results and discussions. In the course of the scientific study, a comparative analysis of the experience of formation and development of the alternative energy market both in Russia and abroad was carried out. A quantitative and qualitative assessment of the dynamics of this market was carried out, and key problems hindering its growth were identified. In conclusion of the study, measures were proposed to stimulate the development of the alternative energy market, based on the best world practices and taking into account the current challenges and threats for the Russian Federation.

   Conclusion. The results of the study helped to identify the main barriers and obstacles that could slow down the development of renewable energy sources in the near future, and also outlined the need for investments to stimulate the RES market.

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