Applying IFRS across the Life Cycle of Green Energy Projects

Green energy projects combine substantial initial investment, long operating horizons, complex contractual arrangements and obligations that may remain outstanding after electricity generation ends. These characteristics require coordinated accounting decisions across project stages. This conceptual study develops a seven-stage framework connecting the life cycle of renewable energy projects with relevant IFRS Accounting Standards and IFRS Sustainability Disclosure Standards. A qualitative analysis of the supplied project narrative, selected life-cycle research and authoritative standard-setting materials is used to identify recognition, measurement and disclosure decisions. The framework covers preliminary assessment, financing and contracts, construction, readiness for use, operations, impairment and estimate revisions, and decommissioning. Its central proposal is a persistent project identifier linking source documents, components, contracts, estimates and sustainability information. The analysis identifies three recurring coordination problems: inconsistent capitalization boundaries, inadequate component records and unexplained differences between financial and climate-related assumptions. The framework addresses these problems through documented decision points, component-level records and reconciliation of reporting assumptions. Its contribution is an implementation-oriented synthesis of existing requirements rather than a new accounting standard or an empirically validated model. The proposed approach provides a basis for improving the traceability of renewable energy accounting, including in enterprises undertaking IFRS implementation in Uzbekistan. Future research should evaluate its costs and effectiveness using actual project records.

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