The Use of Analytic Network Process for Risk Assessment in Production of Renewable Energy from Agriculture Biomass in Latvia

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.