Abstract

This paper explores and ranks the key performance indicators of multi-criteria decision-making in the process of selecting renewable energy sources (RES). Different categories of factors (e.g., political, legal, technological, economic and financial, sociocultural, and physical) are crucial for the analysis of such projects. In this paper, we apply the fuzzy analytic hierarchy process (fuzzy AHP) method—a mathematical method—in order to analyze the main criteria for such projects, which include the environment, the organizational management structure, project participants, and participants’ relationship with the performance indicators. In order of ranking, the indicators are the following: time, costs, quality, monitoring the project’s sustainability, user feedback, and users’ health and safety. The aim of this paper is to point out the necessity of creating an adjustable model for renewable energy projects in order to proceed with the sustainable development of the southeast part of Serbia. This model should lead the creation process for such a project, with the aim of increasing its energy efficiency.

Highlights

  • Renewable energy sources (RESs) and the new technologies that are using these sources are becoming increasingly important in all areas of life, especially those that impact the environment

  • This paper explores and ranks the key performance indicators of multi-criteria decision-making in the process of selecting renewable energy sources (RES)

  • From the perspective of energy access from renewable sources, it is important to monitor leading indicators, since they indicate the quality of activities contributing to the development of southeastern Serbia as an appropriate climate region

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Summary

Introduction

Renewable energy sources (RESs) and the new technologies that are using these sources are becoming increasingly important in all areas of life, especially those that impact the environment. Through the use of RES, the consumption of non-renewable energy resources is reduced, which is very significant from the perspective of protecting the environment. The replacement of fossil fuels with renewable energy contributes to the successful solution of global environmental problems, and leads to the efficient exploitation of resources that are available in the relevant territory. Stopping climate change is the one of the most serious global problems at present, and all countries should participate. Wind energy is estimated at 2.3 billion kWh per year, which is 7% of the annual production of electricity [1]

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