Significance of Fiscal viability
Fiscal viability of RE is crucial for private sector investment. The domestic private sector is more inclined to invest in renewable energy (RE) projects when the fiscal viability is assured. High certainty in the financial sustainability and profitability of RE projects encourages private sector participation and contributes to the growth of the renewable energy sector. Certainty in returns makes RE investments attractive.
Synonyms: Financial stability, Solvency, Profitability, Economic viability, Economic sustainability
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The concept of Fiscal viability in scientific sources
Fiscal viability, in this context, is crucial for renewable energy (RE) investment. The domestic private sector invests in RE when its fiscal viability is assured, indicating its importance for financial confidence.
From: Sustainability Journal (MDPI)
(1) The text states that the domestic private sector is comfortable with investment in RE when there is a high degree of certainty about the fiscal viability of RE.[1]