Comparative Analysis of the Financial Stability of Renewable-based Electricity Companies: The Case for Hydroelectric Organizations

Hydroelectricity remains the dominate RES (Renewable Energy Source) and most developed, reaching growth rate peaks in some countries 20th century. However, share of it has fallen over last few years, as other renewable sources have received rapid development. Despite this, for hydroelectricity remained stable, with China, India, Japan, Russia, Turkey, France, Norway, Canada, USA Brazil market leaders. This article analyzes key trends development a whole, well financial stability its organizations using bankruptcy likelihood prediction models. The Brazilian Russian companies were chosen to assess both are classified developing markets. models indicate that overall, giants Russia is at high level, though profitability ratios very low. During COVID-19 pandemic, several support measures implemented by governments, along already existing instruments stimulating energy growth. Authors’ forecasts show current on net addition capacity next years will not be enough meet Net Zero goals renewables market.