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Commercialization of renewable energy technologies: A ladder building approach

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  • Shakeel, Shah Rukh
  • Takala, Josu
  • Zhu, Lian-Dong

Abstract

The objective of this study is to investigate how different renewable energy technologies (RETs) can be effectively commercialized in Finland. The country, not being endowed with natural reserves of hydrocarbons, is striving to increase the share of renewable energy generation in its primary energy supplies. Finland has long been involved in the development and innovation of technologically advanced products and services. The recent economic meltdown and decline in the information and communication technology (ICT) sector have triggered the inevitability of developing a sector that can serve as the backbone of the economy in the years to come. Clean technologies offer an excellent opportunity for a technologically advanced country like Finland to become a key player in the emerging market. The country has excellent standing when it comes to innovation input, innovation culture and public R&D in clean technologies; however, it lags behind when it comes to the commercialization of these novel technologies.

Suggested Citation

  • Shakeel, Shah Rukh & Takala, Josu & Zhu, Lian-Dong, 2017. "Commercialization of renewable energy technologies: A ladder building approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 855-867.
    • Handle: RePEc:eee:rensus:v:78:y:2017:i:c:p:855-867
    DOI: 10.1016/j.rser.2017.05.005
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    10. Wei Li & Serhat Yüksel & Hasan Dinçer, 2022. "Understanding the financial innovation priorities for renewable energy investors via QFD-based picture fuzzy and rough numbers," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-30, December.
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