Accelerated Global Expansion of Renewable Energy Sector

AbstractThe aim of this paper is to assess the main features of Chinese and Indian investments in Hungary and the role of the Hungarian Government’s Eastern Opening policy in the attraction of investments from these two Asian giants. This paper covers the sectoral distribution, modes of market entry, and motivations of Chinese and Indian foreign direct investments. The automotive sector is the most attractive sector for investors from both countries. ICT manufacturing (electronics) and services, and the renewable energy sector are also very attractive for Chinese companies. The same is true for IT/BPO services and the chemical sector in the case of Indian companies. Chinese and Indian companies enter the Hungarian economy mainly through green-field investments or acquisitions. Market-seeking and strategic asset-seeking motives are dominant in the case of investors from both countries. This paper also puts a special emphasis on studying the impacts of Hungary’s Eastern Opening policy (launched in 2012) on Chinese and Indian investments. The findings show that the Eastern Opening policy has had a significant impact on the investment decision (location choice) of new Chinese and Indian investors and further expansion of investments by Chinese and Indian companies located in Hungary due to four factors, namely high-ranking political meetings, strategic cooperation agreements, cash grants from the Hungarian Government and supportive services of HIPA.

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Emergence of blockchain-technology application in peer-to-peer electrical-energy trading: a review

Clean Energy ◽

10.1093/ce/zkaa033 ◽

2021 ◽

Vol 5 (1) ◽

pp. 104-123

Author(s):

Manish Kumar Thukral

Keyword(s):

Renewable Energy ◽

Renewable Energy Sources ◽

Research Work ◽

Energy Sector ◽

Peer To Peer ◽

Renewable Energy Resources ◽

Energy Trading ◽

Technology Application ◽

Blockchain Technology ◽

The Common

Abstract Renewable-energy resources require overwhelming adoption by the common masses for safeguarding the environment from pollution. In this context, the prosumer is an important emerging concept. A prosumer in simple terms is the one who consumes as well as produces electricity and sells it either to the grid or to a neighbour. In the present scenario, peer-to-peer (P2P) energy trading is gaining momentum as a new vista of research that is viewed as a possible way for prosumers to sell energy to neighbours. Enabling P2P energy trading is the only method of making renewable-energy sources popular among the common masses. For making P2P energy trading successful, blockchain technology is sparking considerable interest among researchers. Combined with smart contracts, a blockchain provides secure tamper-proof records of transactions that are recorded in distributed ledgers that are immutable. This paper explores, using a thorough review of recently published research work, how the existing power sector is reshaping in the direction of P2P energy trading with the application of blockchain technology. Various challenges that are being faced by researchers in the implementation of blockchain technology in the energy sector are discussed. Further, this paper presents different start-ups that have emerged in the energy-sector domain that are using blockchain technology. To give insight into the application of blockchain technology in the energy sector, a case of the application of blockchain technology in P2P trading in electrical-vehicle charging is discussed. At the end, some possible areas of research in the application of blockchain technology in the energy sector are discussed.

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DEFINITION OF DRIVING FACTORS FOR DESIGNING SOCIAL INNOVATIONS IN THE ENERGY SECTOR

Proceedings of the Design Society ◽

10.1017/pds.2021.89 ◽

2021 ◽

Vol 1 ◽

pp. 891-900

Author(s):

Iban Lizarralde ◽

Audrey Abi Akle ◽

Mikhail Hamwi ◽

Basma Samir

Keyword(s):

Renewable Energy ◽

Social Innovation ◽

Energy Transition ◽

Clean Energy ◽

Energy Sector ◽

Social Innovations ◽

Main Factors ◽

Definition Of ◽

Energy Community ◽

New Criteria

AbstractCurrent development of renewable energy systems (RES) is characterised by an increasing participation of citizens in the upstream decision-making process. These citizens can be future users of the RES but also members of a Renewable Energy Community that develop RES. They can be at the same time Renewable Energy producer, investor and consumer. Moreover, several type of businesses and terms are used to cope with social innovations within the energy sector: local renewable projects, sustainable energy communities or community of renewable energy production. So, actors' engagement opens new solutions for designers who are induced to share alternatives before making decisions. They usually impose constraints since the early phases of the design process. This approach implies for designers to consider new criteria related to citizens motivations and barriers. This paper presents a study to define the main factors that drive people to contribute in social innovation schemes for clean-energy transition. After a state of the art, a survey about 6 main factors and 18 criteria is presented. The analysis based on the responses from 34 participants (i.e. experts) reveals 2 most important factors of motivation and 2 principal barrier sources.

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The intellectual capital efficiency and corporate sustainable growth nexus: comparison from agriculture, tourism and renewable energy sector

Environment Development and Sustainability ◽

10.1007/s10668-021-01319-x ◽

2021 ◽

Author(s):

Xin Long Xu ◽

Jianping Li ◽

Dengsheng Wu ◽

Xi Zhang

Keyword(s):

Renewable Energy ◽

Intellectual Capital ◽

Energy Sector ◽

Sustainable Growth ◽

Capital Efficiency

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SWOT analysis of renewable energy sector in Mazowieckie Voivodeship (Poland): current progress, prospects and policy implications

Environment Development and Sustainability ◽

10.1007/s10668-021-01490-1 ◽

2021 ◽

Author(s):

B. Igliński ◽

M. Skrzatek ◽

W. Kujawski ◽

M. Cichosz ◽

R. Buczkowski

Keyword(s):

Renewable Energy ◽

Swot Analysis ◽

Energy Sector ◽

Policy Implications ◽

Legal Regulations ◽

Energy Transformation ◽

Project Financing ◽

The World ◽

Total Capacity ◽

New Jobs

AbstractRenewable energy (RE) plays an increasingly important role in the economy of almost every country in the world. In order to examine the state of renewable energy (RE) in Mazowieckie Voivodeship (Poland), a literature review was carried out, anonymous surveys were conducted, a SWOT (Strenghts, Weaknesses, Opportunities, Threats) and TOWS analysis were carried out and the potential of RE in Mazowieckie voivodship was estimated. The total capacity of all installations is equal to 712 MW. In recent months, number of prosumers have increased to 11,742 in the Voivodeship, and the capacity of their installations is estimated at 66 MW. Simplification of legal regulations and educating society is strongly recommended. Respondents in the survey and SWOT analysis on the future of the energy sector in Mazowieckie Voivodeship show that solar energy (35.5% of respondents) and wind energy (24.5% of respondents) have the greatest chances for the development. Development of the RE sector in the Voivodeship means new jobs, both in this sector and around it. Significant RE potential together with large project financing possibilities may cause Mazowieckie Voivodeship to be a leader in RE production in Poland. It is this Voivodeship (with its capital Warsaw) that can serve as an example of the energy transformation towards 100% RE.

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