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Resource dependencies, market concentration, trade barriers and green technology deployment: A comparative analysis of solar, wind, and hydropower installation patterns

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  • Boateng, Seth Acquah
  • Jiancheng, Xi
  • Karikari, Frank Agyemang
  • Sackitey, Gabriel Mordzifa
  • Moro, Kamal Deen

Abstract

Global focus on energy transition requires a comprehensive study into the supply chain structure and the trade dynamics concerning the adoption of renewable energy. Countries face significant challenges in renewable energy installation, including trade dynamics, resource dependencies, market concentration and trade tariffs. This research focuses on six global leaders in renewable energy adoption which are Brazil, China, Japan, Germany, the United States, and the United Kingdom. The objective of this paper is to examine how resource dependencies, market concentration, and Trade Barriers influence renewable energy Installation. The study focused on Solar Photovoltaic, Wind Energy, and Hydropower. The study adopted the Driskoll-Kraay Standard Error Estimation to estimate the impact of these supply chain factors on renewable energy deployment. The findings revealed that mineral exports have a negative impact on solar PV, wind energy and hydro deployment while metal exports have a positive impact on Solar and Wind Energy. Market concentration showed a significant negative impact on wind energy installation. Trade tariffs showed a negative effect on wind and a weak effect on solar PV. The findings revealed resource dependencies, market concentration and trade policies interact differently across renewable technologies and show the need for technology-specific approaches to renewable energy policy and not aggregate.

Suggested Citation

  • Boateng, Seth Acquah & Jiancheng, Xi & Karikari, Frank Agyemang & Sackitey, Gabriel Mordzifa & Moro, Kamal Deen, 2025. "Resource dependencies, market concentration, trade barriers and green technology deployment: A comparative analysis of solar, wind, and hydropower installation patterns," Renewable Energy, Elsevier, vol. 255(C).
    • Handle: RePEc:eee:renene:v:255:y:2025:i:c:s0960148125011413
    DOI: 10.1016/j.renene.2025.123479
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