OPERATIONAL INSTRUMENTS IN THE FINANCIAL RISK MANAGEMENT SPECIFIC TO THE PROJECTS OF RENEWABLE ENERGY RESOURCES EXPLOITATION

By this work, we propose a critical analysis of the associated risks to the exploitation projects of renewable energy sources which may influence the entrepreneurial and managerial decision based on their proper management. The performance objectives specific to any project requires a separate treatment, closely related to the volume and quality of the available information, but also by the instrumental means of operating used in the quantifying and aggregation of data at the level of certain comparable and interpretable indicators with the risk analysis. Therefore, our work will address mainly the area of the financial risks associated with this type of projects, without forgetting their incidental connection with other types of risks (political, macro-economic, legislative, demographic, social, etc.), whereas a correct assessment of the influences cannot be overlooked by them. Also, it is important to remember that any approach to the problems in question is rather based on the concept of "harmonization of the risks and interests" than their elimination, being proved that the restrictive and punitive measures have failed in time, accomplishing the established objectives only to a small extent at the scale of time.