A Business Model for Producing Clean Energy in Developing Countries

2020 ◽  
Vol 17 ◽  
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Business Model ◽  
Cash Flow ◽  
Chemical Engineering ◽  
Profit Maximization ◽  
Clean Energy ◽  
Industrial Wastes ◽  
Waste Tires ◽  
Energy Projects

Similar to other business projects, clean energy projects also has orientation for profit maximization in developing countries. Environmental problems caused by industrial wastes have been becoming serious issues in developing countries. Hence, recycling industrial wastes, in order to create more renewable and clean energy, has been recognized as one of ways to reduce adverse impact of global warming and negative effect of greenhouse gases. According to statistics, Viet Nam discharges about 400,000 tons of waste tires annually and this number in the US is estimated about 4,200,000 tons per year (source: vnu.edu.vn). This creates many environmental issues. Hence, this paper aims to propose a business model to solve problems mentioned below in the paper. Building a tire shredding plant in California, USA (for example) to cut the whole tires into small shredded tires then export to developing countries like Vietnam is one method to convert wastes into clean energy and protecting our environment. This is one main objective of this research paper. Another purpose of this study is to find out a financial model to evaluate socio-economic values of renewable energy projects that help to protect our environment, as well as a modern viewpoint of not including or adding (+) new debt issuances to increase net cash flow when estimating FCFE cash flow. Using pyrolysis technology to crack carbon linkage into smaller linkages, and then convert waste tires into renewable energy (FO-R oil, carbon black and steel). This is an application of chemical engineering. Through the economic and technical analysis of this model, we can see the practical benefits of the energy project in terms of economic efficiency, profitability, which bring surplus value for investors, effective solutions for customers and a quality energy product for the society. And it also suggest the relevant government of developing countries to consider proper policies to encourage environment protection and businesses in the field of converting industrial wastes such as tires into clean energy.

scholarly journals Financing renewable energy projects in the Dominican Republic: an empirical study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Angelines Daihana Donastorg ◽  
Suresh Renukappa ◽  
Subashini Suresh
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Empirical Study ◽  
Dominican Republic ◽  
Clean Energy ◽  
Primary Data ◽  
Unique Challenge ◽  
Content Type ◽  
Energy Projects ◽  
Financial Aspect

Purpose Currently, renewable energy (RE) sources represent a crucial pillar in obtaining sustainable development, one of the global goals for all countries. However, this presents a unique challenge for emerging and developing countries. As the technical and financial issues remain a significant barrier in implementing RE projects, several mechanisms are available to aid the financial aspect of investing and implementing clean energy projects. This paper aims to discuss new and traditional trends in the financial area of renewable investment, focusing on the Dominican Republic (DR), identifying the gaps in the financial area regarding RE. Design/methodology/approach An empirical study was conducted in the DR. This country is located at the heart of the Caribbean. Given the complexity of RE and developing countries issues and the scarcity of comparable research in the area, an interpretivist research paradigm along with the qualitative methodology was adopted. Primary data was collected through semi-structured interviews. The study sample includes: directors, chief executive officers and managers responsible for the implementation of RE strategies in their respective departments/organisations. NVivo software was used for data management and the collected data was analysed using content analysis. Findings The research highlighted several severe financial handicaps regarding RE in the DR: The lack of RE assets recognition; lack of RE investment loans; perceived RE risk; and lack of financial guarantor. After extensive interviews with critical actors in the RE sector in the DR, the possible solutions and recommendations for avoiding locking the energy and economic sector in fossil fuel debt are: (a) diversification of RE technology assets recognition, (b) implementation of government RE fund, (c) RE education on all actors and (d) introduction and adoption of new financial trends such as green bonds, bank pooling, cooperatives and more. Originality/value This paper provides information and knowledge related to financial tools and policies that are available for the RE projects in the DR. The results have a socio-economic impact. This research provides a better understanding of the key financial tools to be explored by RE project developers in the developing countries. This study shows the gaps that exist between the knowledge that the stakeholders should possess and the actual knowledge that exists in the country regarding the financial aspect of an RE project.

Energy Production and Consumption Patterns and Planning: A Case of Northeast Minnesota

2007 ◽  
Vol 18 (3-4) ◽  
pp. 373-392
Author(s):  
Felix Amenumey ◽  
Melissa Pawlisch ◽  
Okechukwu Ukaga
Keyword(s):  
Renewable Energy ◽  
Energy Production ◽  
Energy Resource ◽  
Cost Effective ◽  
Clean Energy ◽  
Energy System ◽  
Technical Expertise ◽  
Production And Consumption ◽  
Energy Projects ◽  
Set Up

The Clean Energy Resource Teams (CERTs) is a project designed to give local citizens and other stakeholders a voice in planning and determining their energy future. In total, there are seven CERTs operating in seven regions across Minnesota, USA. CERTs connect citizens with technical expertise to facilitate planning and implementation of energy conservation and renewable energy projects. These technical resources are helping the teams identify and prioritize the most appropriate and cost-effective opportunities within their regions. This paper will describe one of these energy teams (the Northeast CERT) and its efforts in promoting clean energy production and conservation. A key product of the Northeast CERT is a strategic energy plan that highlights the region's top energy priorities. As part of its project priorities, the Northeast Minnesota CERT is working to set up demonstration projects at every school and community in the region. Toward this goal, the team is currently collaborating with two schools in the region to set up renewable energy projects such as wind and solar, which in turn would help students to understand that renewables and conservation can and should be an integral part of our energy system.

scholarly journals Market risk factors and performance of public private partnership renewable energy projects

2020 ◽  
Vol 9 (4) ◽  
pp. 366-376
Author(s):  
Kenneth Otieno Odhiambo ◽  
Charles Rambo ◽  
Stephen Lucas Okelo
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Survey Design ◽  
Target Population ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Private Partnership ◽  
Market Risks ◽  
Energy Projects ◽  
And Performance

In spite of the rise in the global adoption of public private partnerships, developing countries have failed to attract private investments in equally measure as their developed partners. This has impacted on infrastructural financing in developing countries. The current study sought to establish how market risks influence the performance of public private partnership renewable energy projects. The study adopted a pragmatic paradigm and employed a mixed methods approach, correlational and descriptive survey design. Quantitative data was collected by use of a self-administered questionnaire and while an interview guide was used to collect qualitative data after piloting and reliability established. A sample size of 263 respondents was drawn from a target population of 769 using the Yamane formula. For descriptive statistics the study used the mean and standard deviation. For inferential statistics the study used Pearson’s Product Moment Correlation (r) and Multiple Regression while the F-tests were used in hypothesis testing. The study established a significant influence of market risks on the performance of public private partnerships renewable energy projects F (1,204) =104.689, P=0.000˂ 0.05.  H0 was consequently rejected. Based on this finding the study recommends hedging measures to promote public private partnerships

scholarly journals Opening new markets for clean energy: The role of project developers in the global diffusion of renewable energy technologies

2018 ◽  
Vol 20 (4) ◽  
pp. 553-587 ◽  
Author(s):  
Bjarne Steffen ◽  
Tyeler Matsuo ◽  
Davita Steinemann ◽  
Tobias S. Schmidt
Keyword(s):  
Developing Countries ◽  
Renewable Energy ◽  
Home Country ◽  
Clean Energy ◽  
Solar Pv ◽  
Spatial Spillovers ◽  
Energy Technologies ◽  
Mixed Method Design ◽  
The Impact

AbstractAs renewable energy supply chains have grown increasingly globalized, national clean energy transitions have become highly influenced by international dynamics. However, these dynamics are themselves collectively shaped by domestic policy that drives the deployment of renewables. While spatial spillovers of domestic renewable energy policies have been studied on an aggregate level regarding policy diffusion or the flows of technology across countries, implications on an actor-level have been largely neglected. This article addresses this gap by analyzing global patterns of market openings for wind, solar PV, and biomass, focusing on the role of private project developers in developing countries. We use a mixed method design, based on a newly merged dataset encompassing eighty countries, and on interviews with pioneering project developers. Results highlight how patterns in market openings are shaped considerably by technology characteristics. Further, empirical results show international private developers are a key first mover in many developing countries. We explore drivers for this internationalization trend, including the impact of international developers' home country policies and the accumulation of tacit knowledge from home country markets for market openings abroad. Finally, we discuss implications for industrial policy and argue for further research on global spillovers of national policies on the actor-level.

scholarly journals Barriers for Clean Energy Projects

2021 ◽  
Vol 9 (2) ◽  
pp. 24-27
Author(s):  
Maximilian Bonnici ◽  
◽  
Henry Greene ◽  
Isabelle Bonnici ◽  
◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Fossil Fuels ◽  
New Technology ◽  
Clean Energy ◽  
Spot Markets ◽  
The Sun ◽  
Energy Projects ◽  
Energy Utilities ◽  
And Storage

Clean energy may offer a more environmentally friendly outcome than fossil fuels. However, clean energy is beset by uncertainties when the sun does not shine through and the wind does not blow. Worse still, science has not yet overcome scalability issues that are compounded by lack of technological knowhow on how to store solar and wind energy. The electrical “green-outs” of August 2020 in California are a reminder that without storage facilities for clean energy, utilities are driven to spot markets for electricity rendered from traditional sources of energy as economic setbacks occur due to compromised supplies of electricity. Without means of energy storage, new technology cannot fully replace the old. One can only hope that the dream to build a future based on renewable energy will lead to discoveries that will overcome scalability and storage issues.

Renewable energy potential for sustainable development in Afghanistan

2020 ◽  
pp. 8-15
Author(s):  
Ahmad Khalid Slimankhil ◽  
Mohammad Abed Anwarzai ◽  
Mir Sayed Danish ◽  
Mikaeel Ahmadi ◽  
Mohammad Hamid Ahadi
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Renewable Energy ◽  
Sustainable Energy ◽  
Clean Energy ◽  
Energy Sector ◽  
Energy Access ◽  
Energy Potential ◽  
Geothermal Resources ◽  
The Sustainable Development

Afghanistan is one of the developing countries in South Asia with an enormous renewable and nonrenewable energy resources. Since 1893, utilization of secondary (modern) form of energy in Afghanistan has been pursued. The trends of sustainable energy provision have been reinforced after the post-conflicts in Afghanistan. The Sustainable Development Goal-7 (affordable and clean energy access) encourages nations to assess their resource development of renewable, affordable, and accessible energy. Unlike many developing countries that struggle to identify domestic sources of clean, sustainable energy, Afghanistan has hydro, solar, wind, and geothermal resources as assets. This literature review analyzes Afghanistan’s potential for renewable energy to identify obstacles and challenges like security, economics, and technology. Using surveys conducted by national and international organizations. This research evaluates Afghanistan’s progress in meeting SDG-7, identifies the main barriers for renewable energy development, and offers recommended solutions. This study reveals the facts of energy sector development in Afghanistan to enable students, researchers, and practitioners with an overview of the current situation and future direction of the energy sector. Also, this study offers a concise outlook for energy sector investors and donors at the national and international stages.

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