scholarly journals Critical Success Factors for Stakeholder Engagement in Renewable Energy Projects of Malaysia

2019 ◽  
Author(s):  
Zarith Sufia Azlan
Keyword(s):  
Renewable Energy ◽  
Stakeholder Engagement ◽  
Critical Success Factors ◽  
Success Factors ◽  
Critical Success ◽  
Energy Projects

scholarly journals IDENTIFYING THE CRITICAL SUCCESS FACTORS AND THEIR RELEVANT ASPECTS FOR RENEWABLE ENERGY PROJECTS; AN EMPIRICAL PERSPECTIVE

2018 ◽  
Vol 24 (3) ◽  
pp. 223-237 ◽  
Author(s):  
Rashid MAQBOOL ◽  
Yahya RASHID ◽  
Saira SULTANA ◽  
Ye SUDONG
Keyword(s):  
Renewable Energy ◽  
Structural Equation ◽  
Critical Success Factors ◽  
Success Factors ◽  
Project Success ◽  
Entrepreneurial Activity ◽  
Equation Modeling ◽  
The Sustainable Development ◽  
Critical Success ◽  
Energy Projects

Owed to their enormous impact on the sustainable development of energy security, climate change, and the economy, multiple renewable-energy projects are carried out around the world, both in developed and in developing countries. Since the construction of renewable energy project is an entrepreneurial activity, there is a big concern about the success of such projects. Although pertinent literature suggests several methodologies to enhance the success of various projects, renewable-energy projects are still overlooked. This study identifies multiple critical success factors (CSFs), required for renewable-energy projects. Using a sample of 272 firms working on renewable energy projects in Pakistan, a quantitative and causal study was undertaken to identify the critical success factors (CSFs). Structural equation modeling (SEM) was applied to test and verify hypothesis. The results show that there is a strong direct dependency of project success over the proposed factors, however environmental factors are found to be the only predominant CSFs which show the significant indirect effect over project success. The study expected to contribute towards and widen up the existing knowledge base for the project performance of renewable energy projects by adding on the findings regarding critical success factors.

Exploring the role of organizational support, and critical success factors on renewable energy projects of Pakistan

Energy ◽  
2021 ◽  
pp. 122765
Author(s):  
Samma Faiz Rasool ◽  
Tachia Chin ◽  
Mansi Wang ◽  
Ali Asghar ◽  
Anwar Khan ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Organizational Support ◽  
Critical Success Factors ◽  
Success Factors ◽  
Critical Success ◽  
Energy Projects

scholarly journals Advent of Renewable Energy Market– Understanding Critical Success Factors in PPA Model

2021 ◽  
Vol 11 (1) ◽  
pp. 1
Author(s):  
Abhijeet Acharya
Keyword(s):  
Renewable Energy ◽  
Value Creation ◽  
Critical Success Factors ◽  
Success Factors ◽  
Management Practices ◽  
Energy Transition ◽  
Energy Market ◽  
Local Market ◽  
Critical Success ◽  
Free Environment

Under the market reforms, the unbundling of energy systems has opened new areas for value creation at a competitive price, which was impossible in centralized energy markets dominated by utilities. The renewable energy market via Power Purchase Agreement (PPA) has emerged as a realistic business proposition within such reforms. In the last decade, the renewable energy market based on the PPA scheme has seen unprecedented growth in Europe and North America. The falling cost of renewable energy and exigency to achieve energy transition targets have created new opportunities for Independent Power Producers (IPP) via the PPA route. Alongside, the PPA improves bankability and ensures a long-term revenue stream for renewable energy projects in the subsidy-free environment. On the contrary, the complexity of PPA models, market risks, and intermittency of energy generation pose challenges to IPPs and buyers. Considering PPA is an evolving concept, this paper aims to contribute to the existing knowledge on PPAs by analyzing critical success factors in the PPA model. During analysis, the elements that emerged as critical success factors are 1) tariff design, 2) bankability to secure funds, 3) addressing intermittency, and 4) stakeholder engagement. With a focus on regional settings and emerging trends, this paper discussed the rationale for PPA model selection, risk management practices, and strategic partnerships for value creation. During analysis, we also observed that the PPA schemes are driven by local market configuration, demand patterns, and country-specific policies.

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