Risk assessment of renewable energies: Global exposure

The article presents the results of the theoretical analysis of the systemic features of renewable energy (RE) risk assessment at each stage of a project's life cycle. A sectoral approach to the risk assessment of energy projects is proposed. It is based on the well-known logit-model that studies a set of external and internal indicators. Based on this model, a study of the dynamics of the risk indicators of RE projects on three basic stages was conducted. Initially, all projects were divided into three main groups depending on the types of state support: concessional lending, subsidies, or the lack thereof. Based on the results of the calculations, the overall and average dynamics of risk by group and by project stage allowed for assessing the global effectiveness of state measures to support the sector, as well as for drawing appropriate conclusions in the context of individual countries