Mert Topcu – Alanya Alaaddin Keykubat University, Department of Economics, 07425 Alanya, Antalya, Turkey

Keywords:                    Renewable energy financing;


Abstract: The renewable energy industry, whose global market size was es­timated at US$ 1030,95 billion in 2022, faced numerous obstacles including financing issues ranking at the top during the COVID-19 pandemic. Given the importance of the topic, this study addresses these obstacles as well as potential solutions to financing renewable energy during the COVID-19 out­break. The study discusses that economic uncertainty, disruption of supply chains, reduced investor confidence, reduced demand for energy, and poli­cy changes are among the major problems in renewable energy financing during the outbreak. The study also proposes global solutions in order to provide policy stability and a predictable policy environment.

9th International Scientific ERAZ Conference – ERAZ 2023 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2023 Conference Proceedings: ISBN 978-86-80194-72-1, ISSN 2683-5568, DOI:

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License ( which permits non-commercial use, reproduction and distribution of the work without further permission. 

Suggested citation

Topcu, M. (2023). Renewable Energy Financing during the COVID-19 Pandemic: Obstacles and Solutions. In V. Bevanda (Ed.), ERAZ Conference – Knowlegde Based Sustainable Development: Vol 9. Conference Proceedings (pp. 43-47). Association of Economists and Managers of the Balkans.


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