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Risk assessment is an important factor for successful and
sustainable entrepreneurship of bioenergy production that
has become one of the priorities in energy sector of
Latvia. Promotion of the use of renewable energy is
included as one of the strategic goals for European Union
(EU) and Latvia. As this field of energy production in
Latvia is rather new and scantily explored there are many
risk factors arising in different stages of production,
starting with planning and building of a bioreactor and
ending with production and further use and distribution of
energy. The present research focuses on risk assessment
in renewable energy production form biomass as this kind
of energy is seen as a perspective source for renewable
energy under the conditions of Latvia. A risk assessment
module for renewable energy production made by using
the Analytic Network Process (ANP) software is
described in the paper.
