ENHANCING THE BANKABILITY OF GREEN ENERGY PROJECTS IN KUWAIT
クウェートにおけるグリーンエネルギー・プロジェクトのバンカビリティ向上 (AI 翻訳)
Mahmudi, Sedat, Dik, Roula
🤖 gxceed AI 要約
日本語
本論文は、クウェートにおける太陽光発電プロジェクトへの投資に影響を与える経済・財務指標を実証分析した。2010年から2023年のデータを用いた重回帰分析の結果、LCOEのみが限定的に有意であり、他の指標（WACC、IRR、回収期間など）は統計的に有意でなかった。著者は、従来の財務指標だけでは不十分であり、投資家の信頼を高める積極的な公共政策の必要性を指摘している。
English
This paper empirically analyzes how conventional economic and financial metrics influence solar energy investment in Kuwait using 13 years of data. A multiple linear regression finds that only LCOE is marginally significant, while other metrics like WACC, IRR, and payback period are insignificant. The authors argue that traditional financial metrics alone are insufficient and call for proactive public policies to boost investor confidence.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
クウェート固有の研究だが、日本でも再生可能エネルギー投資の促進には政策的支援が重要である点で示唆がある。ただし、日本のGX政策（GXリーグ、カーボンプライシング）との直接的な関連は薄い。
In the global GX context
While focused on Kuwait, this study highlights the limitations of conventional financial metrics in driving renewable energy investment, a relevant insight for global GX discussions on de-risking and policy support. It underscores the need for public policy to complement market mechanisms.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the limited role of traditional financial metrics in solar investment, useful for comparative studies in other regions.
🏢実務担当者:Suggests that project developers should not rely solely on financial metrics like IRR or payback period; policy and risk mitigation are critical.
🏛政策担当者:Reinforces the need for proactive policies (e.g., subsidies, guarantees) to enhance bankability of renewable projects, especially in fossil-fuel-dependent economies.
📄 Abstract（原文）
Objective: The purpose of this research paper is to empirically analyse how conventional economic and financial metrics influence investment in solar energy projects in the state of Kuwait. The empirical analysis is based on 13 years of data covering the period from 2010 to 2023. Theoretical Framework: This literature review examines the factors influencing bankability and explores strategies to enhance financial viability. The authors of the research designed a financial model to produce some necessary financial metrics. Method: A multiple linear regression model is used to study the relationship of total solar investment in MWh and six independent variables, such as Weighted average capacity factor, WAAC weighted average cost of capital internal rate of return (IRR), Payback period, and PVOUT. Along with statistical tests such as ANOVA and OLS regression, used to evaluate the strength and significance of the relationship between the dependent and independent variables. Results and Discussion: The result of the analysis identifies only LCOE as the only marginally significant factor influencing investment in solar energy projects in Kuwait, with a negative coefficient (-454.79) and a p-value of 0.0822. Other independent variables, including the weighted-average capacity factor, WACC, payback period, and IRR, are shown to be statistically insignificant, indicating limited influence on investment decisions. Research Implications: This study has limitations that should be acknowledged. First, these findings show that investment in solar energy relies especially on conventional economic and financial investment metrics which are not enough to rapidly advance renewable energy development in Kuwait. Proactive public policy with attractive tools that stimulate investor confidence and promote a sustainable energy transition is not included. Originality/Value: This study provides original empirical evidence on the economic and financial factors influencing investment in solar energy projects in the State of Kuwait. As a relatively underexplored topic in the renewable energy finance literature, particularly within the context of Kuwait.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.26668/businessreview/2025.v10i5.5511first seen 2026-05-05 19:07:53
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