<abstract xmlns="http://www.w3.org/1999/xhtml"><p> The article analyzes the investment environment in renewable electricity generation capacities, evaluating the credibility of long term renewable energy targets, the stability of promotion schemes and the impartiality of national administrative procedure. The article explores two main questions: (i) are the EU and Lithuanian energy policy targets and promotion schemes credible enough to convince private investors to put their money in renewable energy development; (ii) does national administrative procedure put a disproportional burden on renewable energy investors or on certain group of investors? The assessment of the investment environment includes a large number of criteria, but we analyze three of them: the stability of long term strategy; the attractiveness of promotionmeasures; and the simplicity and transparency of administrative procedure. Two further criteria are investigated: the stability of targets in renewable energy and the stability of promotional measures. The greatest uncertainty for investors occurs because of constantly changing support schemes of renewable energy sources-schemes that are not harmonized among the member States. At the national level the main driver in the development of small generators is the feed-in tariff. However, the high feed-in tariff does not always guarantee the smooth development of small scale generators of renewable energy. </p></abstract>

The article analyzes the investment environment in renewable electricity generation capacities, evaluating the credibility of long term renewable energy targets, the stability of promotion schemes and the impartiality of national administrative procedure. The article explores two main questions: (i) are the EU and Lithuanian energy policy targets and promotion schemes credible enough to convince private investors to put their money in renewable energy development; (ii) does national administrative procedure put a disproportional burden on renewable energy investors or on certain group of investors? The assessment of the investment environment includes a large number of criteria, but we analyze three of them: the stability of long term strategy; the attractiveness of promotionmeasures; and the simplicity and transparency of administrative procedure. Two further criteria are investigated: the stability of targets in renewable energy and the stability of promotional measures. The greatest uncertainty for investors occurs because of constantly changing support schemes of renewable energy sources-schemes that are not harmonized among the member States. At the national level the main driver in the development of small generators is the feed-in tariff. However, the high feed-in tariff does not always guarantee the smooth development of small scale generators of renewable energy.

The Investment Environment for Renewable Energy Development in Lithuania: The Electricity Sector

Associate Professor, Head of Private Law Department, Ph.D. Vytautas Magnus University, Faculty of Law (Lithuania) Contact information Address: Ozeskienės str. 18, Kaunas 44254, Lithuania

Law Student Vytautas Magnus University, Faculty of Law (Lithuania) Contact information Address: Ozeskienės str. 18, Kaunas 44254, Lithuania

Baltic Journal of Law & Politics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The article analyzes the investment environment in renewable electricity generation capacities, evaluating the credibility of long term renewable energy...

The Investment Environment for Renewable Energy Development in Lithuania: The Electricity Sector

Published Online: Oct 08, 2014

Page range: 29 - 48

Received: Feb 17, 2014

Accepted: Feb 17, 2014

DOI: https://doi.org/10.2478/bjlp-2014-0003

Keywords
Long term targets, promotion schemes, administrative procedure, renewable energy, national precedures

© by Saulė Milčiuvienė

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Investment Environment for Renewable Energy Development in Lithuania: The Electricity Sector

Published Online: Oct 08, 2014

Page range: 29 - 48

Received: Feb 17, 2014

Accepted: Feb 17, 2014

DOI: https://doi.org/10.2478/bjlp-2014-0003

KeywordsLong term targets, promotion schemes, administrative procedure, renewable energy, national precedures

© by Saulė Milčiuvienė

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Long term targets, promotion schemes, administrative procedure, renewable energy, national precedures