Economic and mathematical evaluation of Ukraine’s renewable energy development with consideration of military risks
DOI: https://doi.org/10.3846/tede.2026.25237Abstract
This article explores the renewable energy development in Ukraine, taking into account military risks through an economic-mathematical assessment of its investment attractiveness. To evaluate the investment priorities of renewable energy in Ukraine, two strategies have been considered – traditional and the one taking into account ESG factors. Using the Fuzzy TOPSIS approach, the main priorities of renewable energy in Ukraine have been determined: solar power plants for the traditional strategy, and for the ESG strategy – biomass power plants. For further evaluation of the investment attractiveness of the identified priorities, a multifactor model for assessing investment attractiveness using the method of integral assessment was constructed. The model is based on four primary indicators: development prospects, return on equity of enterprises, level of inflation stability in industry prices, and industry-specific risks.
First published online 3 March 2026
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renewable energy, sustainable development, investment attractiveness, econometric modeling, scenario modeling, substitution elasticityHow to Cite
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Copyright (c) 2026 The Author(s). Published by Vilnius Gediminas Technical University.
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Copyright (c) 2026 The Author(s). Published by Vilnius Gediminas Technical University.
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