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Navigating the Nexus: Stakeholder Engagement in Hybrid Renewable Energy Power Purchase Agreements (PPAs) for Sustainable Development

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  • Marios Stanitsas

    (School of Mechanical Engineering, National Technical University of Athens, 15780 Zografos, Greece)

  • Konstantinos Kirytopoulos

    (School of Mechanical Engineering, National Technical University of Athens, 15780 Zografos, Greece)

Abstract

In the quest for a sustainable energy landscape, renewable energy sources are positioned to lead. Among these, power purchase agreements (PPAs) have emerged as indispensable tools, particularly when combined with energy storage solutions, in supporting grid stability and ensuring the reliability of energy provision. The aim of this study is to undertake a rigorous systematic literature review to delve into the pivotal role that community engagement and stakeholder involvement play in shaping the contours of hybrid PPAs, which amalgamate renewable energy with storage technologies. Through a comprehensive synthesis of the previous literature, this research elucidates the nuanced dimensions and consequential benefits inherent in cultivating robust agreements. The objectives include examining the tangible benefits of prioritizing community empowerment, such as securing local acceptance and support, alleviating opposition, and tailoring project designs to harmonize with specific community requirements and preferences. Moreover, this study underscores the critical role of stakeholder engagement in ensuring compliance with regulatory mandates, thereby addressing sustainability outcomes while fostering the enduring success and feasibility of renewable energy projects.

Suggested Citation

  • Marios Stanitsas & Konstantinos Kirytopoulos, 2024. "Navigating the Nexus: Stakeholder Engagement in Hybrid Renewable Energy Power Purchase Agreements (PPAs) for Sustainable Development," Sustainability, MDPI, vol. 16(17), pages 1-20, August.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:17:p:7381-:d:1465240
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    References listed on IDEAS

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    5. Marios Stanitsas & Konstantinos Kirytopoulos, 2023. "Sustainable Energy Strategies for Power Purchase Agreements (PPAs)," Sustainability, MDPI, vol. 15(8), pages 1-19, April.
    6. Taghizadeh-Hesary, Farhad & Yoshino, Naoyuki & Rasoulinezhad, Ehsan & Rimaud, Cedric, 2021. "Power purchase agreements with incremental tariffs in local currency: An innovative green finance tool," Global Finance Journal, Elsevier, vol. 50(C).
    7. Pies, Ingo & Valentinov, Vladislav, 2024. "Trade-offs in stakeholder theory: An ordonomic perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20(5), pages 975-997.
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    1. Virgilijus Dirma & Laima Okunevičiūtė Neverauskienė & Manuela Tvaronavičienė & Irena Danilevičienė & Rima Tamošiūnienė, 2024. "The Impact of Renewable Energy Development on Economic Growth," Energies, MDPI, vol. 17(24), pages 1-23, December.

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