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The prime criteria for private sector participation in renewable energy investment in the Middle East (case study: Iran)

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  • Aslani, Alireza
  • Naaranoja, Marja
  • Zakeri, Bahnam

Abstract

To have sustainable electricity generation from renewable energy resources economically competitive, more privatization is needed in this sector. True understanding based on transparent information is one of the salient necessities for the private sector to invest in the energy business. In this article, the researchers are to recognize the targeted factors considered by the private sector in order to improve their participation in the electricity generation markets from renewable sources in the Middle East. The results illustrate that the most important factors are governmental policies, consumption markets, and engineering efficiency. These recognized factors then are classified from different aspects, such as techno-engineering, business and relevant policies, and the environment.

Suggested Citation

  • Aslani, Alireza & Naaranoja, Marja & Zakeri, Bahnam, 2012. "The prime criteria for private sector participation in renewable energy investment in the Middle East (case study: Iran)," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 1977-1987.
    • Handle: RePEc:eee:rensus:v:16:y:2012:i:4:p:1977-1987
    DOI: 10.1016/j.rser.2011.12.015
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    Cited by:

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    2. Najafi, G. & Ghobadian, B. & Mamat, R. & Yusaf, T. & Azmi, W.H., 2015. "Solar energy in Iran: Current state and outlook," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 931-942.
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    5. Aslani, Alireza & Helo, Petri & Feng, Bo & Antila, Erkki & Hiltunen, Erkki, 2013. "Renewable energy supply chain in Ostrobothnia region and Vaasa city: Innovative framework," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 405-411.
    6. Afsharzade, Nashmil & Papzan, Abdolhamid & Ashjaee, Mehdi & Delangizan, Sohrab & Van Passel, Steven & Azadi, Hossein, 2016. "Renewable energy development in rural areas of Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 743-755.
    7. Brown, Alistair, 2016. "The need for improved financial reporting of a developing country energy utility," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1448-1454.
    8. Aslani, Alireza & Helo, Petri & Naaranoja, Marja, 2014. "Role of renewable energy policies in energy dependency in Finland: System dynamics approach," Applied Energy, Elsevier, vol. 113(C), pages 758-765.
    9. Khishtandar, Soheila & Zandieh, Mostafa & Dorri, Behrouz, 2017. "A multi criteria decision making framework for sustainability assessment of bioenergy production technologies with hesitant fuzzy linguistic term sets: The case of Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 1130-1145.
    10. Naser Hossein Motlagh & Ali Khatibi & Alireza Aslani, 2020. "Toward Sustainable Energy-Independent Buildings Using Internet of Things," Energies, MDPI, vol. 13(22), pages 1-17, November.
    11. Aslani, Alireza & Mohaghar, Ali, 2013. "Business structure in renewable energy industry: Key areas," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 569-575.
    12. Ramli, Makbul A.M. & Twaha, Ssennoga, 2015. "Analysis of renewable energy feed-in tariffs in selected regions of the globe: Lessons for Saudi Arabia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 45(C), pages 649-661.
    13. Ozorhon, Beliz & Batmaz, Arda & Caglayan, Semih, 2018. "Generating a framework to facilitate decision making in renewable energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 95(C), pages 217-226.
    14. Aslani, Alireza & Wong, Kau-Fui V., 2014. "Analysis of renewable energy development to power generation in the United States," Renewable Energy, Elsevier, vol. 63(C), pages 153-161.
    15. Dehghani, Ehsan & Jabalameli, Mohammad Saeed & Jabbarzadeh, Armin, 2018. "Robust design and optimization of solar photovoltaic supply chain in an uncertain environment," Energy, Elsevier, vol. 142(C), pages 139-156.
    16. Xu, Xiaofeng & Wei, Zhifei & Ji, Qiang & Wang, Chenglong & Gao, Guowei, 2019. "Global renewable energy development: Influencing factors, trend predictions and countermeasures," Resources Policy, Elsevier, vol. 63(C), pages 1-1.
    17. Fetanat, Abdolvahhab & Shafipour, Gholamreza & Mohtasebi, Seyedeh-Maryam, 2019. "Measuring public acceptance of climate-friendly technologies based on creativity and cognitive approaches: Practical guidelines for reforming risky energy policies in Iran," Renewable Energy, Elsevier, vol. 134(C), pages 1248-1261.
    18. Al Hatmi, Y. & Tan, C.S. & Al Badi, A. & Charabi, Y., 2014. "Assessment of the consciousness levels on renewable energy resources in the Sultanate of Oman," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 1081-1089.

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