Evaluating Green Technology Strategies for the Sustainable Development of Solar Power Projects: Evidence from Pakistan

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Ali S., Yan Q., Sajjad Hussain M., Irfan M., Ahmad M., Razzaq A., ...Daha Fazla

SUSTAINABILITY, cilt.13, sa.23, 2021 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 13 Sayı: 23
  • Basım Tarihi: 2021
  • Doi Numarası: 10.3390/su132312997
  • Dergi Adı: SUSTAINABILITY
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Aerospace Database, CAB Abstracts, Communication Abstracts, Food Science & Technology Abstracts, Geobase, INSPEC, Metadex, Veterinary Science Database, Directory of Open Access Journals, Civil Engineering Abstracts
  • Anahtar Kelimeler: green technology, cleaner production, sustainable development, profitability index, financial performance, solar power projects, Pakistan, CAPITAL-BUDGETING PRACTICES, NET PRESENT VALUE, RENEWABLE ENERGY, INVESTMENT ANALYSIS, DECISION-MAKING, RISK-ASSESSMENT, PLS-SEM, PERFORMANCE, COST, REDUCTION
  • Anadolu Üniversitesi Adresli: Evet

Özet

Energy is the main element for a modern lifestyle that must be considered in economically reliable and sustainable development dialogues. The financial performance of solar power projects has become the main issue, especially in developing countries such as Pakistan, where it has gained the special attention of government and regulatory authorities. The present study evaluates green technology strategies for the sustainable development of solar power projects in Pakistan. We examine the moderating role of cost and riskiness of the methods between the nexus of capital budgeting techniques and the financial performance of solar power projects. The analysis is performed on data collected from 44 respondents (chief financial officers and chief executive officers) by accompanying an inclusive questionnaire survey. Partial least squares structural equation modeling (PLS-SEM) is used to assess the formulated suppositions. The results reveal that green technology strategies positively impact the sustainable development of solar power projects. The profitability index is a good source of higher financial performance of the solar power projects. The results further demonstrate that the cost and riskiness of the methods significantly moderate the nexus of capital budgeting techniques and the financial performance of solar power projects. These findings provide a valuable manual for policymakers, government institutions, and regulators to select the appropriate green technology strategy to increase cleaner production and sustainable development of solar power projects.