Regional parameters and solar energy enterprises

Abstract

Purpose– The purpose of this paper is to investigate the relationship between regional factors and investment attractiveness of solar energy production. The aim is to create a rank order of the Greek regions based on their investment attractiveness.Design/methodology/approach– In this research, the analytic hierarchy process (AHP) was applied in its group choice approach combined with a purposive sampling of experts from the business, governmental and research fields.Findings– A rank order of the regions was developed related to their investment attractiveness based on the experts’ sampling and the specific criteria that were set. Analyzing the criteria, it was found that general macroeconomic performances of the regions are of low priority, while the ones related to the entrepreneurial development such as solar irradiation and land availability are of high priority.Practical implications– This work is practically applicable, as it conduces to the management of companies operating in the solar energy sector. It is also useful for policy makers as the regions are prioritized, identifying, in this way, opportunities for investment.Originality/value– The novel aspect of this research is regions’ ranking based on their dynamic in solar energy investments. The utilization of the AHP offers additional value to the research of energy planning and management, as it is applied for the first time in the solar energy sector, concerning regional factors, solar energy parameters, economic data and expert sampling to develop a rank order of the regions.