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Investment Model of Agricultural Biogas Plants for Individual Farms in Poland

Author

Listed:
  • Kamila Klimek

    (Department of Applied Mathematics and Computer Science, University of Life Sciences in Lublin, 20-033 Lublin, Poland)

  • Magdalena Kapłan

    (Department of Pomology, Nursery and Enology, University of Life Sciences in Lublin, 20-033 Lublin, Poland)

  • Serhiy Syrotyuk

    (Department of Energy, Lviv National Agrarian University, 1 V. Velykoho Street, 80381 Lviv-Dubliany, Ukraine)

  • Nikolay Bakach

    (Deputy Director General for Scientific Work, Republican Unitary Enterprise “Scientific and Practical Center of the National Academy of Sciences of Belarus for Agricultural Mechanization”, Knorina 1 Street, 220049 Minsk, Belarus)

  • Nikolay Kapustin

    (Laboratory of Using Fuel and Energy Resources, Republican Unitary Enterprise “Scientific and Practical Center of the National Academy of Sciences of Belarus for Agricultural Mechanization”, Knorina 1 Street, 220049 Minsk, Belarus)

  • Ryszard Konieczny

    (Department of Technology, Institute of Energy and Technical Safety, Jacob of Paradyz University, 52 Chopina Street, 66-400 Gorzow Wielkopolski, Poland)

  • Jakub Dobrzyński

    (Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
    Department of Grassland Farming, 3 Hrabska Avenue, 05-090 Pruszków, Poland)

  • Kinga Borek

    (Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
    Department of Rural Technical Infrastructure Systems, 3 Hrabska Avenue, 05-090 Pruszków, Poland)

  • Dorota Anders

    (Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
    Department of Renewable Energy, 67 Biskupinska Street, 60-463 Poznan, Poland)

  • Barbara Dybek

    (Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
    Department of Renewable Energy, 67 Biskupinska Street, 60-463 Poznan, Poland)

  • Agnieszka Karwacka

    (Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
    Department of Renewable Energy, 67 Biskupinska Street, 60-463 Poznan, Poland)

  • Grzegorz Wałowski

    (Institute of Technology and Life Sciences—National Research Institute, Falenty, 3 Hrabska Avenue, 05-090 Pruszków, Poland
    Department of Renewable Energy, 67 Biskupinska Street, 60-463 Poznan, Poland)

Abstract

The main idea of a circular economy (CE) is to separate economic growth from resource consumption and environmental impacts. The characteristic approach of a CE assumes the minimisation of the amount of waste generated at the design level and, as a standard, includes innovations throughout the value chain. From an agricultural point of view, agricultural biogas plants are particularly important because they enable the management of all waste biomass and its conversion into useful energy and agricultural fertiliser. This paper presents methods for assessing the economic effectiveness of an investment in an agricultural biogas plant. The research goal was to develop a financial model. The authors of this study used available examples of the profitability of commercial ventures. We considered the investment aspects of agricultural biogas plants. Exemplary solutions are discussed, allowing the reader to become acquainted with various methods and proposals for thus far estimated investments. It may seem chaotic, but this is how the biogas market is characterised in the context of the implementation of biogas projects. Guidance is given regarding how to understand investing in this sensitive private farming sector. It is admirable that the renewable energy market has been systematised, and we hypothesise that it is necessary to develop an investment model in Polish conditions.

Suggested Citation

  • Kamila Klimek & Magdalena Kapłan & Serhiy Syrotyuk & Nikolay Bakach & Nikolay Kapustin & Ryszard Konieczny & Jakub Dobrzyński & Kinga Borek & Dorota Anders & Barbara Dybek & Agnieszka Karwacka & Grzeg, 2021. "Investment Model of Agricultural Biogas Plants for Individual Farms in Poland," Energies, MDPI, vol. 14(21), pages 1-30, November.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:21:p:7375-:d:673002
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    3. Dariusz Kusz & Iwona Bąk & Beata Szczecińska & Ludwik Wicki & Bożena Kusz, 2022. "Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland," Energies, MDPI, vol. 16(1), pages 1-22, December.
    4. Marek Cierpiał-Wolan & Jolanta Stec-Rusiecka & Dariusz Twaróg & Katarzyna Bilińska & Anna Dewalska-Opitek & Bogdan Wierzbiński, 2022. "Relationship between Renewable Biogas Energy Sources and Financial Health of Food Business Operators," Energies, MDPI, vol. 15(16), pages 1-13, August.
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