—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
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.
—Renewable energy sources, financing,
Ioannis Kinias and Nikolaos Konstantopoulos are with the University of
the Aegean, Department of Business Administration Mihalon 8, 82100,
Chios, Greece (e-mail: firstname.lastname@example.org, email@example.com).
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.