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Exploring Precursors of Renewable Energy Portfolio Diversification Using TPB

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  • Oana-Daniela Lupoae

    (Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania)

  • Riana Iren Radu

    (Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania)

  • Alexandru Capatina

    (Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania)

  • Violeta Maria Isai

    (Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania)

  • Nicoleta Bărbuță-Mișu

    (Department of Business Administration, “Dunarea de Jos” University of Galati, 800008 Galați, Romania)

Abstract

Renewable energy is produced from natural sources that can regenerate quickly, such as the sun, wind, water, biomass and the earth’s heat. This implies that the resources used do not have a significant negative impact on the environment, which aligns with current concerns for protecting the planet and ecosystems. This study aims to explore the behavior of entrepreneurs regarding the processing of resources that can be introduced in the circular economy and the development of the renewable energy portfolio by transforming horse manure into bioenergy. Employing Structural Equation Modeling (PLS-SEM) and based on an extensive dataset comprising 104 responses from entrepreneurs engaged in or aspiring to participate in the renewable energy sector, this research reveals a noteworthy finding. Contrary to prevailing expectations, it demonstrates that the perceived interest in safeguarding future resources and the environment among these entrepreneurs is currently low. This study not only enriches the understanding of entrepreneurial behavior within the renewable energy domain but also extends the Theory of Planned Behavior. In doing so, it underscores the critical significance of sustainability factors as drivers of future business development and underscores the need for comprehensive policy initiatives that compel greater commitment to renewable energy and circular economy practices.

Suggested Citation

  • Oana-Daniela Lupoae & Riana Iren Radu & Alexandru Capatina & Violeta Maria Isai & Nicoleta Bărbuță-Mișu, 2023. "Exploring Precursors of Renewable Energy Portfolio Diversification Using TPB," Energies, MDPI, vol. 16(18), pages 1-19, September.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:18:p:6714-:d:1243476
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    References listed on IDEAS

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    Cited by:

    1. Tao Ning & Xinyu Huang & Junwei Su & Xiaohu Yang, 2023. "Design and Research of Heat Storage Enhancement by Innovative Wave Fin in a Hot Water–Oil-Displacement System," Sustainability, MDPI, vol. 15(22), pages 1-17, November.

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