IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v54y2016icp1515-1524.html
   My bibliography  Save this article

Renewable energy technology diffusion model for techno-economics feasibility

Author

Listed:
  • Kumar, Rajesh
  • Agarwala, Arun

Abstract

Diffusion of Renewable Energy Technologies (RETs) governs by the status of technology in terms of efficiency and techno-economical feasibility. The states plan for the deployment of resources for the development with special reference to sustainable environment. The demand and supply energy model help to provide more focus on the long term goals. The theory of diffusion modeling allows analysis of diffusion processes and study of growth rates of different technologies and underlying diffusion factors of the particular states, particularly for Indian 8 National Missions implication factors concerning to National Action Plan for Climate Change (NAPCC).

Suggested Citation

  • Kumar, Rajesh & Agarwala, Arun, 2016. "Renewable energy technology diffusion model for techno-economics feasibility," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 1515-1524.
  • Handle: RePEc:eee:rensus:v:54:y:2016:i:c:p:1515-1524
    DOI: 10.1016/j.rser.2015.10.109
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032115011880
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.rser.2015.10.109?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Suganthi, L. & Iniyan, S. & Samuel, Anand A., 2015. "Applications of fuzzy logic in renewable energy systems – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 585-607.
    2. Hastik, Richard & Basso, Stefano & Geitner, Clemens & Haida, Christin & Poljanec, Aleš & Portaccio, Alessia & Vrščaj, Borut & Walzer, Chris, 2015. "Renewable energies and ecosystem service impacts," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 608-623.
    3. Suganthi, L. & Samuel, Anand A., 2012. "Energy models for demand forecasting—A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1223-1240.
    4. Vidhisha Vyas & K. Narayanan & A. Ramanathan, 2013. "Mergers and acquisitions, technological efforts and exports: a study of pharmaceutical sector in India," Innovation and Development, Taylor & Francis Journals, vol. 3(2), pages 169-186, October.
    5. Behera, Sasmita & Sahoo, Subhrajit & Pati, B.B., 2015. "A review on optimization algorithms and application to wind energy integration to grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 214-227.
    6. Jebaraj, S. & Iniyan, S., 2006. "A review of energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 281-311, August.
    7. Rakesh Basant & Pankaj Chandra, 2002. "Building Technological Capabilities In A Liberalising Developing Economy: Firm Strategies And Public Policy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(4-5), pages 399-421.
    8. Dasgupta, Shyamasree & Roy, Joyashree, 2015. "Understanding technological progress and input price as drivers of energy demand in manufacturing industries in India," Energy Policy, Elsevier, vol. 83(C), pages 1-13.
    9. Umamaheswaran, Swarnalakshmi & Rajiv, Seth, 2015. "Financing large scale wind and solar projects—A review of emerging experiences in the Indian context," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 166-177.
    10. Kumar, Rajesh & Agarwala, Arun, 2013. "Renewable Energy Certificate and Perform, Achieve, Trade mechanisms to enhance the energy security for India," Energy Policy, Elsevier, vol. 55(C), pages 669-676.
    11. Menegaki, Angeliki N., 2011. "Growth and renewable energy in Europe: A random effect model with evidence for neutrality hypothesis," Energy Economics, Elsevier, vol. 33(2), pages 257-263, March.
    12. Gopalakrishnan, S. & Damanpour, F., 1997. "A review of innovation research in economics, sociology and technology management," Omega, Elsevier, vol. 25(1), pages 15-28, February.
    13. Frank M. Bass & Trichy V. Krishnan & Dipak C. Jain, 1994. "Why the Bass Model Fits without Decision Variables," Marketing Science, INFORMS, vol. 13(3), pages 203-223.
    14. Aliyu, Abubakar Sadiq & Dada, Joseph O. & Adam, Ibrahim Khalil, 2015. "Current status and future prospects of renewable energy in Nigeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 336-346.
    15. Rao, K. Usha & Kishore, V.V.N., 2010. "A review of technology diffusion models with special reference to renewable energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 1070-1078, April.
    16. Kumar, Rajesh & Agarwala, Arun, 2013. "Energy certificates REC and PAT sustenance to energy model for India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 315-323.
    17. Kar, Sanjay Kumar & Sharma, Atul, 2015. "Wind power developments in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 264-275.
    18. Rakesh Basant & Pankaj Chandra, 2002. "Building technological capabilities in a liberalising developing economy: Firm strategies and public policy," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 11(6), pages 1-23.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shi, Yingying & Zeng, Yongchao & Engo, Jean & Han, Botang & Li, Yang & Muehleisen, Ralph T., 2020. "Leveraging inter-firm influence in the diffusion of energy efficiency technologies: An agent-based model," Applied Energy, Elsevier, vol. 263(C).
    2. Lee, Boreum & Lim, Dongjun & Lee, Hyunjun & Byun, Manhee & Lim, Hankwon, 2021. "Techno-economic analysis of H2 energy storage system based on renewable energy certificate," Renewable Energy, Elsevier, vol. 167(C), pages 91-98.
    3. Meizhen Zhang & Tao Lv & Xu Deng & Yuanxu Dai & Muhammad Sajid, 2019. "Diffusion of China’s coal-fired power generation technologies: historical evolution and development trends," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 95(1), pages 7-23, January.
    4. Hua Gao & Zhenghao Meng, 2023. "Research on the Spillover Effect of Different Types of Technological Innovation on New Energy Industry: Taking China’s Solar Photovoltaic as an Example," Sustainability, MDPI, vol. 15(10), pages 1-24, May.
    5. Seo-Hoon Kim & SungJin Lee & Seol-Yee Han & Jong-Hun Kim, 2020. "Scenario Analysis for GHG Emission Reduction Potential of the Building Sector for New City in South Korea," Energies, MDPI, vol. 13(20), pages 1-19, October.
    6. Tadeusz Skoczkowski & Sławomir Bielecki & Joanna Wojtyńska, 2019. "Long-Term Projection of Renewable Energy Technology Diffusion," Energies, MDPI, vol. 12(22), pages 1-24, November.
    7. Li, Chong & Zheng, Yuan & Li, Zhengyong & Zhang, Lei & Zhang, Lin & Shan, Yicai & Tang, Qinghui, 2021. "Techno-economic and environmental evaluation of grid-connected and off-grid hybrid intermittent power generation systems: A case study of a mild humid subtropical climate zone in China," Energy, Elsevier, vol. 230(C).
    8. Xin-gang, Zhao & Wei, Wang & Jieying, Wang, 2022. "The policy effects of demand-pull and technology-push on the diffusion of wind power: A scenario analysis based on system dynamics approach," Energy, Elsevier, vol. 261(PA).
    9. Khezri, Mohsen & Heshmati, Almas & Khodaei, Mehdi, 2022. "Environmental implications of economic complexity and its role in determining how renewable energies affect CO2 emissions," Applied Energy, Elsevier, vol. 306(PB).
    10. Chihyun Jung & Dae-Eun Lim, 2016. "Development of an Adaptive Forecasting System: A Case Study of a PC Manufacturer in South Korea," Sustainability, MDPI, vol. 8(3), pages 1-12, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kumar, Rajesh & Agarwala, Arun, 2013. "Energy certificates REC and PAT sustenance to energy model for India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 315-323.
    2. Spanos, Yiannis E. & Voudouris, Irini, 2009. "Antecedents and trajectories of AMT adoption: The case of Greek manufacturing SMEs," Research Policy, Elsevier, vol. 38(1), pages 144-155, February.
    3. Toka, Agorasti & Iakovou, Eleftherios & Vlachos, Dimitrios & Tsolakis, Naoum & Grigoriadou, Anastasia-Loukia, 2014. "Managing the diffusion of biomass in the residential energy sector: An illustrative real-world case study," Applied Energy, Elsevier, vol. 129(C), pages 56-69.
    4. Brito, Thiago Luis Felipe & Islam, Towhidul & Stettler, Marc & Mouette, Dominique & Meade, Nigel & Moutinho dos Santos, Edmilson, 2019. "Transitions between technological generations of alternative fuel vehicles in Brazil," Energy Policy, Elsevier, vol. 134(C).
    5. Ozoegwu, C.G. & Eze, C. & Onwosi, C.O. & Mgbemene, C.A. & Ozor, P.A., 2017. "Biomass and bioenergy potential of cassava waste in Nigeria: Estimations based partly on rural-level garri processing case studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 625-638.
    6. Zhang, Kai & Li, Jingzhi & He, Zhubin & Yan, Wanfeng, 2018. "Microgrid energy dispatching for industrial zones with renewable generations and electric vehicles via stochastic optimization and learning," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 501(C), pages 356-369.
    7. Xu, Mei & Xie, Pu & Xie, Bai-Chen, 2020. "Study of China's optimal solar photovoltaic power development path to 2050," Resources Policy, Elsevier, vol. 65(C).
    8. Basant, Rakesh, 2002. "Knowledge Flows and IndustrialClusters: An Analytical Review of Literature," IIMA Working Papers WP2002-02-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    9. Chanthawong, Anuman & Dhakal, Shobhakar & Jongwanich, Juthathip, 2016. "Supply and demand of biofuels in the fuel market of Thailand: Two stage least square and three least square approaches," Energy, Elsevier, vol. 114(C), pages 431-443.
    10. Harris, Tyler M. & Devkota, Jay P. & Khanna, Vikas & Eranki, Pragnya L. & Landis, Amy E., 2018. "Logistic growth curve modeling of US energy production and consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 96(C), pages 46-57.
    11. Meeta Dasgupta & R.K. Gupta & A. Sahay, 2011. "Linking Technological Innovation, Technology Strategy and Organizational Factors," Global Business Review, International Management Institute, vol. 12(2), pages 257-277, June.
    12. Uma S. Kambhampati & Paul A. Kattuman, 2003. "Growth Response to Competitive Shocks: Market Structure Dynamics Under Liberalisation - the Case of India," Working Papers wp263, Centre for Business Research, University of Cambridge.
    13. Yoro, Kelvin O. & Daramola, Michael O. & Sekoai, Patrick T. & Wilson, Uwemedimo N. & Eterigho-Ikelegbe, Orevaoghene, 2021. "Update on current approaches, challenges, and prospects of modeling and simulation in renewable and sustainable energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 150(C).
    14. Barnes, Belinda & Southwell, Darren & Bruce, Sarah & Woodhams, Felicity, 2014. "Additionality, common practice and incentive schemes for the uptake of innovations," Technological Forecasting and Social Change, Elsevier, vol. 89(C), pages 43-61.
    15. Di Leo, Senatro & Caramuta, Pietro & Curci, Paola & Cosmi, Carmelina, 2020. "Regression analysis for energy demand projection: An application to TIMES-Basilicata and TIMES-Italy energy models," Energy, Elsevier, vol. 196(C).
    16. Dhirasasna, NiNa & Sahin, Oz, 2021. "A system dynamics model for renewable energy technology adoption of the hotel sector," Renewable Energy, Elsevier, vol. 163(C), pages 1994-2007.
    17. Ye Li & Clemens Kool & Peter-Jan Engelen, 2020. "Analyzing the Business Case for Hydrogen-Fuel Infrastructure Investments with Endogenous Demand in The Netherlands: A Real Options Approach," Sustainability, MDPI, vol. 12(13), pages 1-22, July.
    18. Bunea, Anita M. & Della Posta, Pompeo & Guidolin, Mariangela & Manfredi, Piero, 2020. "What do adoption patterns of solar panels observed so far tell about governments’ incentive? Insights from diffusion models," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    19. Kialashaki, Arash & Reisel, John R., 2014. "Development and validation of artificial neural network models of the energy demand in the industrial sector of the United States," Energy, Elsevier, vol. 76(C), pages 749-760.
    20. Alizadeh, Reza & Lund, Peter D. & Soltanisehat, Leili, 2020. "Outlook on biofuels in future studies: A systematic literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:54:y:2016:i:c:p:1515-1524. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.