Abstract

The purpose of this study is to provide a hybrid group decision-making approach to evaluate fintech-based financial alternatives for green energy investment projects. First, the multidimensional factors of due diligence for fintech-based financing alternatives of green energy investment projects are identified. In this regard, the balanced scorecard perspectives are considered. Next, consensus-based group decision-making analysis is performed. Second, impact-relation directions for fintech-based financing alternatives of green energy investment projects are defined. For this purpose, the spherical fuzzy Decision-Making Trial and Evaluation Laboratory (DEMATEL) methodology is applied. The novelty of this study is its proposal of a new outlook to due diligence of fintech-project financing for renewable energy investments by using the group and integrated decision-making approaches with spherical fuzzy DEMATEL. The findings indicate that customer expectations are the most essential factor for the revenue sharing and rewarding models. Additionally, this study identified that organizational competency plays the most important role with respect to the peer-to-business debt model. In contrast, the conclusion was reached that financial returns have the greatest importance for the equity sharing model.

Highlights

  • One of the most prominent energy consumption problems is air pollution

  • This study aimed to evaluate fintech-based financial alternatives for green energy investment projects

  • This section first includes the details of group decision making with consensus

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Summary

Introduction

Using fossil fuels results in a significant amount of carbon gas being released into the atmosphere Because this situation causes very serious health problems, countries attempt to take actions to solve this problem. In this context, the importance of green energy has increased, especially in recent years. Countries have aimed to use natural resources, such as the sun and wind, to avoid harming the environment during the energy consumption process (Zhong et al 2020). When these energy types are used, carbon emissions from the electricity generation process are very low. Countries will be able to produce their own energy by using green energy

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