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Investigating Factors Affecting the Adoption of Renewable Energy within Businesses in the Egyptian Market: An Exploratory Research

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  • Sayed Sharaf
  • Wael Kortam

Abstract

This paper aims at discovering a suitable theory for understanding the adoption of renewable energy (RE) among investors and decision-makers in the Egyptian market as well as disclosing the research gaps related to examining the drivers that affect spreading RE sources in the various societies. Finally, it will explore the factors that influence the adoption of RE in different organizations to increase the diffusion of RE inside the Egyptian society. Therefore, it is important to understand how business customers select the type of energy whether conventional energy or RE or mixed. Hence, this study examines the drivers that influence business customers’ choices of RE versus conventional energy for pushing toward adopting the RE investment inside the firms. Exploratory research is used in this investigation; therefore, data for this study is collected using literature reviews, international and local reports, in addition to unstructured interviews with potential and actual customers as well as practitioners and academics in the RE sector. This study will benefit Egyptian policymakers and RE companies in the marketing of RE sources through understanding the drivers of adopting RE within businesses.

Suggested Citation

  • Sayed Sharaf & Wael Kortam, 2020. "Investigating Factors Affecting the Adoption of Renewable Energy within Businesses in the Egyptian Market: An Exploratory Research," World Journal of Business and Management, Macrothink Institute, vol. 6(1), pages 1-16, June.
    • Handle: RePEc:mth:wjbm88:v:6:y:2020:i:1:p:1-16
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    References listed on IDEAS

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    1. Mesbah Fathy SHARAF, 2017. "Energy consumption and economic growth in Egypt: A disaggregated causality analysis with structural breaks," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 46, pages 59-76.
    2. Unknown, 2016. "Energy for Sustainable Development," Conference Proceedings 253270, Guru Arjan Dev Institute of Development Studies (IDSAsr).
    3. Lee, Chul-Yong & Heo, Hyejin, 2016. "Estimating willingness to pay for renewable energy in South Korea using the contingent valuation method," Energy Policy, Elsevier, vol. 94(C), pages 150-156.
    4. Zhao, Yang & Noori, Mehdi & Tatari, Omer, 2017. "Boosting the adoption and the reliability of renewable energy sources: Mitigating the large-scale wind power intermittency through vehicle to grid technology," Energy, Elsevier, vol. 120(C), pages 608-618.
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