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The Theoretical Aspects of Financial Management of the Implementation of Renewable Energy Projects in Transport
Arutiunian S. S.

Arutiunian, Samvel S. (2024) “The Theoretical Aspects of Financial Management of the Implementation of Renewable Energy Projects in Transport.” Business Inform 9:357–363.
https://doi.org/10.32983/2222-4459-2024-9-357-363

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 336.02:658.14

Abstract:
The article is aimed at generalizing the theoretical basis in the field of implementation of projects for the introduction of renewable energy sources in transport on the conceptual basis of financial management. The methodological techniques and methods of research included the general theory of management, the comparative method, the method of analysis, synthesis, and system analysis. In view of the carried out study, it can be concluded that the theoretical aspects of financial management of project implementation include various approaches, models and conceptions that allow you to effectively plan, control and manage financial resources within the framework of project activities. It is determined that effective financial management of projects for the introduction of renewable energy sources in transport allows not only to successfully implement them, but also to provide long-term economic profit along with environmental benefits. It is substantiated that the theoretical aspects of financial management of the implementation of renewable energy projects in transport cover a wide range of financial conceptions and approaches directed towards optimizing resources, minimizing risks and maximizing economic efficiency. Financial management of renewable energy projects in transport is a complex process that requires careful planning, analysis, and control. Based on the analysis of key aspects of financial management of the implementation of renewable energy projects in transport, the study identified a number of components that characterize the main steps of this process. Among them should be mentioned: financial planning, sources of financing, financial control, economic efficiency, financial reporting and mechanisms for stimulation. As a result, it is noted that ensuring the financial sustainability and viability of a renewable energy project in transport requires an integrated approach that takes into account the specifics of the industry, technological innovations, environmental requirements, and the needs of stakeholders.

Keywords: financial management, project implementation, renewable energy, green electricity, transport.

Fig.: 2. Tabl.: 2. Bibl.: 10.

Arutiunian Samvel S. – Applicant, Department of Accounting and Finance, National Technical University «Kharkiv Polytechnic Institute» (2 Kyrpychova Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

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