Financial attractiveness of decentralized renewable energy systems – A case of the central Himalayan state of Uttarakhand in India

Yaqoot, Mohammed; Diwan, Parag; Kandpal, Tara C.

doi:10.1016/j.renene.2016.09.040

Cited by 16 publications

(11 citation statements)

References 41 publications

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“…The former subcategory was generally used to give common economic information, whereas the latter subcategory evaluated the policies implemented by authorities to facilitate the purchase. By calculating the payback period [21,[32][33][34][35] and other related scales [9,36,37], financial metrics revealed that the technology is an investment with high initial costs [35,38,39]. The high purchase and installation expenditures negatively influence the adoption of these systems, leading to governmental support being the most common predictor in research.…”

Section: Economic Predictorsmentioning

confidence: 99%

Residential Solar Water Heater Adoption Behaviour: A Review of Economic and Technical Predictors and Their Correlation with the Adoption Decision

et al. 2021

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The successful deployment of the solar water heater (SWH) in the residential sector relies on the household’s bounded rational decision-makers to accept this system. The decision is shaped by a wide spectrum of predictors that form heterogeneous behaviour. Over the past years, research has employed a wide range of these predictors to understand their role in the decision and predict the behaviour and diffusion rate of SWHs. This review primarily identifies economic and technical predictors of 100 quantitative and qualitative studies on the residential SWH adoption decision. For the identified predictors, their characteristics and popularity are explored in a structured and coherent framework. The review further investigates the correlation between the identified predictors and the adoption decision from 97 of the 100 initially reviewed studies. The outcome of the research revealed 123 (56 economic and 67 technical) predictors that were classified into seven categories. ‘Financial incentives’ and ‘perceived attitude towards government policies’ are among the most popular economic predictors, whereas ‘house type’ and ‘knowledge of SWH’ were the most frequent technical factors in the research. Analysing the correlation between 99 predictors and the decision also unfolded that certain attitudinal attributes have a stronger influence on the residential SWH take-up than some common factors (e.g., electricity cost, technical variables).

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Section: Economic Predictorsmentioning

confidence: 99%

Residential Solar Water Heater Adoption Behaviour: A Review of Economic and Technical Predictors and Their Correlation with the Adoption Decision

et al. 2021

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“…But, the performance of the economic purveyors of the RET transition has been largely ignored. Similarly, in the technology trend, considerable effort has also been dedicated to enhancing the financial performance of RETs in the Global South (e.g., Purohit, 2007; Yaqoot, Diwan, & Kandpal, 2017). For instance, RET technology research has found that the price volatility and emission reduction outcomes of RETs are affected by downstream contexts and extent of market penetration (Abdmouleh, Alammari, & Gastli, 2015; Fischer, Greaker, & Rosendahl, 2018).…”

Section: Economic Performance and The Global South Reementioning

confidence: 99%

Performance Beyond Economic Growth: Alternatives from Growth-Averse Enterprises in the Global South

Gabriel

Nazar

Zhu

et al. 2019

Alternatives: Global, Local, Political

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Among other aims, degrowth calls for a deprioritization of economic growth as primary indicator of success. However, deprioritizing economic growth is challenging because it is the antithesis of business as we know it today. Yet, in this study, we find examples of enterprises operating in the renewable energy industry in the Global South, which deprioritize traditional economic growth as their preferred indicator of success. We interviewed 30 renewable energy enterprises (REEs) on the basis of an importance-performance analysis (IPA). Our findings confirm that conventional measures of financial performance are not universally applicable to all enterprises in the Global South. Specifically, we observed that the REEs that are least satisfied with conventional economic performance indicators possess two characteristics in common: (1) they have strong social motivations (e.g., energy access and poverty alleviation) and (2) they are averse to economic growth in the traditional sense. We draw insights from these REEs for the future of post-growth enterprise, including the importance of localness in success and performance appraisal as the Global South transitions toward degrowth. We also introduce 14 alternative performance indicators, suggested by the REEs themselves, which may help bring enterprises closer to post-growth orientation in the Global South.

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“…While this affected the economy of most of the Mexican population, it may also represent a boost for the expansion of renewable energy projects. According to Yaqoot et al, [4], the financial appeal of decentralized renewable energy projects improves with the removal of fossil fuel-based energy subsidies. That might mean a significant opportunity for the development of sustainable energy projects in Mexico given the country's excellent renewable resources [5].…”

Section: Introductionmentioning

confidence: 99%

Suitability assessment for electricity generation through renewable sources: towards sustainable energy production

Pérez-Denicia

Fernández-Luqueño

Ayala

2021

CT&F Cienc. Tecnol. Futuro

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Power generation through renewable sources is an effective alternative to mitigate climate change as its environmental impact is lower compared to fossil fuels. However, socio-economic problems are constant in sites where power plants are installed, especially in developing countries. In this paper, an innovative methodology was developed to assess the suitability of electricity generation through solar, wind, and biomass energy. Unlike most studies found in scientific literature, this work considers social, environmental, and economic aspects as key to determine the suitability of energy projects. First, we carried out a comprehensive analysis on social acceptance and resilience towards renewable energy and the conditions for communities to benefit from these projects; then, we analyzed the availability and capacity of renewable energy sources in Mexico, as a case study. Next, a set of indicators related to the three pillars of sustainability was developed to assess the conditions of each place with the best renewable resources in the country. The life cycle and capacity factor of each technology were also considered. Lastly, a mathematical model was developed to determine the most suitable locations and technologies for power generation. The results show a trend towards the states of northern Mexico, especially those bordering the United States, as the most viable for electricity generation. The most appropriate technology is wind energy. Finally, Oaxaca, the state with the best wind resources and current leader in wind power generation in Mexico is, by contrast, the least viable state for wind generation, as has been later confirmed by scientific evidence, as wind facilities are associated with severe socio-cultural and economic damage in host communities in this state.

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Financial attractiveness of decentralized renewable energy systems – A case of the central Himalayan state of Uttarakhand in India

Cited by 16 publications

References 41 publications

Residential Solar Water Heater Adoption Behaviour: A Review of Economic and Technical Predictors and Their Correlation with the Adoption Decision

Residential Solar Water Heater Adoption Behaviour: A Review of Economic and Technical Predictors and Their Correlation with the Adoption Decision

Performance Beyond Economic Growth: Alternatives from Growth-Averse Enterprises in the Global South

Suitability assessment for electricity generation through renewable sources: towards sustainable energy production

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