IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v314y2025ics0360544224037484.html
   My bibliography  Save this article

TRIZ-driven assessment of sector-wise investment decisions in renewable energy projects through a novel integrated q-ROF-DEMATEL-SRP model

Author

Listed:
  • Yüksel, Serhat
  • Ecer, Fatih
  • Krishankumar, Raghunathan
  • Dinçer, Hasan
  • Gökalp, Yaşar

Abstract

Necessary actions should be taken to improve renewable energy investments to minimize the carbon emission problem. In this process, the most significant determinants should be identified for some reasons, such as using human and financial resources more effectively. However, there are limited studies in the literature that prioritize the analysis of these items. This situation can be accepted as a missing gap in the literature. Accordingly, this study evaluates sector-wise investment decisions in renewable energy projects. To do so, a novel integrated q-rung orthopair fuzzy set (q-ROFS) decision-making model has been generated. Firstly, the weights of the theory of the solution of inventive problems (TRIZ)-driven criteria are computed via the q-ROF decision-making trial and evaluation laboratory (DEMATEL) methodology. The second stage of the proposed model consists of selecting the most appropriate investment alternatives with the help of the q-ROFS-based simple ranking process (q-ROF SRP). The main contribution of this study is that key sector-wise investment decisions in renewable energy projects can be identified by establishing a novel decision-making model. The main superiority of the proposed model is that the DEMATEL method is extended to the q-ROFS context to determine the weights of the factors. With the help of this issue, uncertainties and subjective randomness in the decision-making process can be minimized. In addition to this situation, causal directions between these indicators can be taken into consideration for this condition. The findings indicate that possible extension with modularity is the most critical indicator for this situation. Similarly, resource efficiency is also found to be the most influencing item. In addition to them, the ranking results demonstrate that waste-to-energy technologies and energy storage systems are the most critical investment alternatives.

Suggested Citation

  • Yüksel, Serhat & Ecer, Fatih & Krishankumar, Raghunathan & Dinçer, Hasan & Gökalp, Yaşar, 2025. "TRIZ-driven assessment of sector-wise investment decisions in renewable energy projects through a novel integrated q-ROF-DEMATEL-SRP model," Energy, Elsevier, vol. 314(C).
  • Handle: RePEc:eee:energy:v:314:y:2025:i:c:s0360544224037484
    DOI: 10.1016/j.energy.2024.133970
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544224037484
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.energy.2024.133970?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

    for a different version of it.

    References listed on IDEAS

    as
    1. Rodríguez-Segura, Francisco Javier & Osorio-Aravena, Juan Carlos & Frolova, Marina & Terrados-Cepeda, Julio & Muñoz-Cerón, Emilio, 2023. "Social acceptance of renewable energy development in southern Spain: Exploring tendencies, locations, criteria and situations," Energy Policy, Elsevier, vol. 173(C).
    2. Kristia Kristia & Mohammad Fazle Rabbi, 2023. "Exploring the Synergy of Renewable Energy in the Circular Economy Framework: A Bibliometric Study," Sustainability, MDPI, vol. 15(17), pages 1-27, September.
    3. Yang, Zeshi & Fang, Ying & Peng, Nianjiao, 2024. "Financial development and natural resource efficiency: Unlocking green growth potential," Resources Policy, Elsevier, vol. 89(C).
    4. Lidia Luty & Monika Zioło & Wioletta Knapik & Iwona Bąk & Karol Kukuła, 2023. "Energy Security in Light of Sustainable Development Goals," Energies, MDPI, vol. 16(3), pages 1-18, January.
    5. Sandipa Bhattacharya & Mitali Sarkar & Biswajit Sarkar & Lakshmi Thangavelu, 2023. "Exploring Sustainability and Economic Growth through Generation of Renewable Energy with Respect to the Dynamical Environment," Mathematics, MDPI, vol. 11(19), pages 1-22, September.
    6. Bożena Gajdzik & Magdalena Jaciow & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2024. "Diagnosis of the Development of Energy Cooperatives in Poland—A Case Study of a Renewable Energy Cooperative in the Upper Silesian Region," Energies, MDPI, vol. 17(3), pages 1-27, January.
    7. Zhang, Yao & Zhang, Yuxin & Gong, Chao & Dinçer, Hasan & Yüksel, Serhat, 2022. "An integrated hesitant 2-tuple Pythagorean fuzzy analysis of QFD-based innovation cost and duration for renewable energy projects," Energy, Elsevier, vol. 248(C).
    8. Lauro Correa dos Santos Junior & Jonathan Muñoz Tabora & Josivan Reis & Vinicius Andrade & Carminda Carvalho & Allan Manito & Maria Tostes & Edson Matos & Ubiratan Bezerra, 2024. "Demand-Side Management Optimization Using Genetic Algorithms: A Case Study," Energies, MDPI, vol. 17(6), pages 1-14, March.
    9. Al-Shetwi, Ali Q. & Atawi, Ibrahem E. & Abuelrub, Ahmad & Hannan, M.A., 2023. "Techno-economic assessment and optimal design of hybrid power generation-based renewable energy systems," Technology in Society, Elsevier, vol. 75(C).
    10. Waidelich, Paul & Steffen, Bjarne, 2024. "Renewable energy financing by state investment banks: Evidence from OECD countries," Energy Economics, Elsevier, vol. 132(C).
    11. Yogeeswari Subramaniam & Nanthakumar Loganathan, 2024. "Does green finance affect renewable energy development in Singapore?," Journal of Asian Business and Economic Studies, Emerald Group Publishing Limited, vol. 31(3), pages 162-174, March.
    12. Heidari, Mohammad Reza & Heravi, Gholamreza, 2024. "Development of flexible supportive policy with real options for renewable energy projects: Case of photovoltaic systems," Renewable Energy, Elsevier, vol. 225(C).
    13. Chen, Wuxiang & Liu, Xingyu & Wei, Yi, 2023. "Promoting sustainability by resource efficiency and green energy: Policy recommendation for green growth," Resources Policy, Elsevier, vol. 87(PA).
    14. Obiora S. Agu & Lope G. Tabil & Edmund Mupondwa, 2023. "Actualization and Adoption of Renewable Energy Usage in Remote Communities in Canada by 2050: A Review," Energies, MDPI, vol. 16(8), pages 1-24, April.
    15. Andrew Adewale Alola & Oktay Özkan & Ojonugwa Usman, 2023. "Role of Non-Renewable Energy Efficiency and Renewable Energy in Driving Environmental Sustainability in India: Evidence from the Load Capacity Factor Hypothesis," Energies, MDPI, vol. 16(6), pages 1-16, March.
    16. Rasool, Samma Faiz & Chin, Tachia & Wang, Mansi & Asghar, Ali & Khan, Anwar & Zhou, Li, 2022. "Exploring the role of organizational support, and critical success factors on renewable energy projects of Pakistan," Energy, Elsevier, vol. 243(C).
    17. A. G. Olabi & Khaled Obaideen & Mohammad Ali Abdelkareem & Maryam Nooman AlMallahi & Nabila Shehata & Abdul Hai Alami & Ayman Mdallal & Asma Ali Murah Hassan & Enas Taha Sayed, 2023. "Wind Energy Contribution to the Sustainable Development Goals: Case Study on London Array," Sustainability, MDPI, vol. 15(5), pages 1-22, March.
    18. Hosseini Dehshiri, Seyyed Jalaladdin & Amiri, Maghsoud & Mostafaeipour, Ali & Le, Ttu, 2024. "Evaluation of renewable energy projects based on sustainability goals using a hybrid pythagorean fuzzy-based decision approach," Energy, Elsevier, vol. 297(C).
    Full references (including those not matched with items on IDEAS)

    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. Mohamed A. Alarabi & Sedat Sünter, 2025. "ANN-Based Maximum Power Tracking for a Grid-Synchronized Wind Turbine-Driven Doubly Fed Induction Generator Fed by Matrix Converter," Energies, MDPI, vol. 18(10), pages 1-26, May.
    2. Zhang, Xincheng & Wu, Shaojiang, 2024. "Natural resources and sustainable development: Evidence from the dynamic correlation between crude oil and gold market," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    3. Mohammad Fazle Rabbi, 2025. "A Dynamic Systems Approach to Integrated Sustainability: Synthesizing Theory and Modeling Through the Synergistic Resilience Framework," Sustainability, MDPI, vol. 17(11), pages 1-23, May.
    4. Anghel Madalina-Gabriela & Iacob Stefan Virgil & Strijek Denis-Arthur, 2024. "Relevant Aspects Regarding The European Union Independence On Energy Imports," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 12-23, December.
    5. Waidelich, Paul & Krug, Joscha & Steffen, Bjarne, 2023. "Mobilizing credit for clean energy: De-risking and public loan provision under learning spillovers," ZEW Discussion Papers 23-040, ZEW - Leibniz Centre for European Economic Research.
    6. Zhang, Mindan & Ma, Xiang & Mai, Shunhao & Qing, Lingli, 2025. "Drivers of supply chain, environmental innovation, and digital population: The role of inflation and renewable energy on GHG emission in Indonesia," Energy Economics, Elsevier, vol. 145(C).
    7. Ali Fayazi & Hossein Ghayoumi Zadeh & Hossein Ahmadian & Mahdi Ghane & Omid Rahmani Seryasat, 2024. "Pitch Actuator Fault-Tolerant Control of Wind Turbines via an L 1 Adaptive Sliding Mode Control ( SMC ) Scheme," Energies, MDPI, vol. 17(16), pages 1-20, August.
    8. Lisiak-Zielińska, Marta & Jałoszyńska, Sylwia & Borowiak, Klaudia & Budka, Anna & Dach, Jacek, 2023. "Perception of biogas plants: A public awareness and preference - A case study for the agricultural landscape," Renewable Energy, Elsevier, vol. 217(C).
    9. Bożena Gajdzik & Marcin Awdziej & Magdalena Jaciow & Ilona Lipowska & Marcin Lipowski & Grzegorz Szojda & Jolanta Tkaczyk & Radosław Wolniak & Robert Wolny & Wieslaw Wes Grebski, 2024. "Encouraging Residents to Save Energy by Using Smart Transportation: Incorporating the Propensity to Save Energy into the UTAUT Model," Energies, MDPI, vol. 17(21), pages 1-31, October.
    10. Saqib, Najia & Shahzad, U., 2024. "Pathways to sustainability: Evaluating the impact of green energy, natural resources, FinTech, and environmental policies in resource-abundant countries," Resources Policy, Elsevier, vol. 97(C).
    11. Noor Shakir Mahmood & Ahmed Ali Ajmi & Shamsul Bin Sarip & Hazilah Mad Kaidi & Khairur Rijal Jamaludin & Hayati Habibah Abdul Talib, 2022. "Modeling the Sustainable Integration of Quality and Energy Management in Power Plants," Sustainability, MDPI, vol. 14(4), pages 1-19, February.
    12. Tian, Ying & Wu, Jiang & Xu, Zhanbo & Guan, Xiaohong, 2025. "Integrated modeling and dynamic evaluation indicator system of urban energy systems towards a sustainable, low-carbon pathway," Energy, Elsevier, vol. 319(C).
    13. Liu, Xiaoxi & Zhan, Yunqiu & Si, Dingwen & Wang, Zhen, 2025. "Navigating renewable technological innovations and green supply chain management: Crafting a novel framework for boosting ecological quality in China," Energy Economics, Elsevier, vol. 142(C).
    14. Shanshan Chen & Xiaohua Sun & Qisha Zhu & Yuan Zhao & Jinsong Tang & Haidong Song, 2023. "Factors Influencing the Level of Depression and Anxiety of Community-Dwelling Patients with Schizophrenia in China during the COVID-19 Pandemic," IJERPH, MDPI, vol. 20(5), pages 1-14, February.
    15. Emilia Miszewska & Maciej Niedostatkiewicz & Radosław Wiśniewski, 2023. "Sustainable Development of Water Housing Using the Example of Poland: An Analysis of Scenarios," Sustainability, MDPI, vol. 15(14), pages 1-16, July.
    16. Masahina Sarabdeen & Manal Elhaj & Hind Alofaysan, 2024. "Do Digital Adaptation, Energy Transition, Export Diversification, and Income Inequality Accelerate towards Load Capacity Factors across the Globe?," Energies, MDPI, vol. 17(16), pages 1-18, August.
    17. Firtescu, Bogdan Narcis & Bostan, Ionel & Grosu, Maria & Droj, Laurențiu & Mihalciuc, Camelia Catalina, 2025. "Increasing the share of renewable energy sources (RESs) in the specific portfolio by using the taxation mechanism: Study at the level of EU states," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1534-1549.
    18. Hannan, M.A. & Nair, Mahendhiran S. & Ahmed, Pervaiz K. & Vaithilingam, Santha & Wali, Safat B. & Reza, M.S. & Abu, Sayem M. & Ker, Pin Jern & Begum, R.A. & Ong, Hwai Chyuan & Ng, Denny K.S. & Jang, G, 2025. "Return on values of hydrogen energy transitions: A perspective on the conceptual framework," Technology in Society, Elsevier, vol. 81(C).
    19. Hasraddin Guliyev, 2025. "Using Machine Learning Techniques to Test the Load Capacity Curve Hypothesis: A Classifier-Lasso Application on Global Panel Data," Biophysical Economics and Resource Quality, Springer, vol. 10(1), pages 1-18, June.
    20. Haihong Wang & Hongxia Sha & Litong Liu & Hengwei Zhao, 2022. "Exploring the Relationship between Perceived Community Support and Psychological Well-Being of Tourist Destinations Residents," IJERPH, MDPI, vol. 19(21), pages 1-17, November.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:energy:v:314:y:2025:i:c:s0360544224037484. 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.journals.elsevier.com/energy .

    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.