• ISSN: 2301-3567
    • Frequency: Quarterly (2013-2014); Monthly (Since 2015)
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms Jessica C. Xiao
    • Abstracting/ Indexing: DOAJ, Engineering & Technology Library,  Electronic Journals Library, Ulrich's Periodicals Directory, MESLibrary, Google Scholar, Crossref, and ProQuest.
    • E-mail: joebm@ejournal.net
JOEBM 2015 Vol.3(6): 599-604 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2015.V3.252

Private and Public Financial Mechanisms in the Greek Renewable Industry

Ioannis Kinias and Nikolaos Konstantopoulos
Abstract—The role of funding is crucial in the implementation of any business plan. The sources may vary depending on the business sector or its size and they can be categorized as internal and external sources, including the equity, the debt funds, the grants and the investment funds. This paper examines the available financial mechanisms in the sector of Renewable Energy Sources (RES) in Greece. In this research, we investigate all the possible ways for funding in different renewable technologies and different size of enterprises. We present the process of the public subsidies either in the investment capital or in the selling price of the produced energy. We also investigate the role that the banking system plays and finally the existence of other mature ways of financing. The main scope of this paper is the research concerning the importance and the effectiveness of all these mechanisms. With respect to research methodology, we realized a primary research in a very wide population in the business sector of RES, including enterprises from different renewable technologies and with different financial needs. The empirical results presents a dysfunctional environment, with deficiencies and dependencies that eventually creates financial gaps and finally hampers the entrepreneurial activity in the sector.

Index Terms—Renewable energy sources, financing, entrepreneurship.

Ioannis Kinias and Nikolaos Konstantopoulos are with the University of the Aegean, Department of Business Administration Mihalon 8, 82100, Chios, Greece (e-mail: ikinias@ba.aegean.gr, nconsta@aegean.gr).

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Cite: Ioannis Kinias and Nikolaos Konstantopoulos, "Private and Public Financial Mechanisms in the Greek Renewable Industry," Journal of Economics, Business and Management vol. 3, no. 6, pp. 599-604, 2015.

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