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Renewable Energy Producers’ Strategies in the Visegrád Group Countries

Author

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  • Adam Sulich

    (Department of Advanced Research in Management, Faculty of Management, Wroclaw University of Economics and Business, 53-345 Wroclaw, Poland)

  • Letycja Sołoducho-Pelc

    (Strategic Management Department, Faculty of Management, Wroclaw University of Economics and Business, 53-345 Wroclaw, Poland)

Abstract

Companies that belong to the energy sector can use Sustainable Development Goals (SDGs) for their strategies and diversify electrical energy production with reverence to the natural environment. This article aims to analyze sustainability strategy types among the Visegrád Group (V4) countries’ energy producers, who decided to generate electrical energy from the renewable resources. This research uses an inductive inference approach supported by a literature study and deductive reasoning supported by a statistical reference method. The main finding is that the energy producers from the V4 group have a common direction of evolution in their strategies. This change is based on a growing share of renewable energy sources to achieve environmental excellence strategies. The lack of renewable energy sector organizations’ strategies translates into disappointment with the goals pursued by these organizations. The significance of this study lies in an explanation of how sustainability strategies compare at a firm and country-level in a proposed classification. The analysis can open future research areas to examine development of strategies in the renewable energy sector.

Suggested Citation

  • Adam Sulich & Letycja Sołoducho-Pelc, 2021. "Renewable Energy Producers’ Strategies in the Visegrád Group Countries," Energies, MDPI, vol. 14(11), pages 1-21, May.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:11:p:3048-:d:561369
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    9. Jan Polaszczyk & Maria Kubacka, 2021. "Comparison Analysis of Energy Markets‘ Aspects in the Visegrad Group Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 808-823.
    10. Aigul Kurmanalina & Meiramkul Saiymova & Botakoz Bolatova & Aizhan Orynbassarova & Marija Troyanskaya & Gulmira Yerkulova & Gaukhar Saimagambetova, 2024. "Evaluating the Impact of Renewable Energy Policy Instruments on Capacity Expansion: Insights from the Visegrad Group Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(2), pages 59-68, March.
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    14. Łukasz Jarosław Kozar & Adam Sulich, 2023. "Energy Sector’s Green Transformation towards Sustainable Development: A Review and Future Directions," Sustainability, MDPI, vol. 15(15), pages 1-18, July.
    15. Jacek Brożyna & Wadim Strielkowski & Aleš Zpěvák, 2023. "Evaluating the Chances of Implementing the “Fit for 55” Green Transition Package in the V4 Countries," Energies, MDPI, vol. 16(6), pages 1-17, March.
    16. Hailiang, Zeng & Chau, Ka Yin & Waqas, Muhammad, 2023. "Does green finance and renewable energy promote tourism for sustainable development: Empirical evidence from China," Renewable Energy, Elsevier, vol. 207(C), pages 660-671.
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    18. Anna Nowak & Armand Kasztelan, 2022. "Economic competitiveness vs. green competitiveness of agriculture in the European Union countries," Oeconomia Copernicana, Institute of Economic Research, vol. 13(2), pages 379-405, June.
    19. Letycja Sołoducho-Pelc & Adam Sulich, 2022. "Natural Environment Protection Strategies and Green Management Style: Literature Review," Sustainability, MDPI, vol. 14(17), pages 1-25, August.

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