Competitiveness of Industrial Companies Forming the Value Chain of Wind Energy Components: The Case of Lithuania
Akvile Cibinskiene,
Daiva Dumciuviene,
Viktorija Bobinaite and
Egidijus Dragašius
Additional contact information
Akvile Cibinskiene: School of Economics and Business, Kaunas University of Technology, Gedimino str. 50, LT-44239 Kaunas, Lithuania
Daiva Dumciuviene: School of Economics and Business, Kaunas University of Technology, Gedimino str. 50, LT-44239 Kaunas, Lithuania
Viktorija Bobinaite: Lithuanian Energy Institute, Laboratory for Energy System Research, Breslaujos str. 3, LT-44403 Kaunas, Lithuania
Egidijus Dragašius: Faculty of Mechanical Engineering and Design, Kaunas University of Technology, Studentu str. 56, LT-51424 Kaunas, Lithuania
Sustainability, 2021, vol. 13, issue 16, 1-19
Abstract:
Sustainable energy development has attracted attention worldwide, partly because of the value chain of the wind energy industry that focuses on the overall value creation and innovation. In order to achieve not only ambitious goals in the fight against climate change, but also to create significant economic benefits for European Union citizens, it is necessary to ensure the production of renewable energy components in Europe itself and in Lithuania at the same time. This paper aims to evaluate the competitiveness of Lithuanian companies that manufacture wind energy components. The research was conducted applying methods such as a survey of manufacturers of wind energy components, expert assessment and descriptive analysis. The results of the competitiveness assessment revealed that the existing conditions and trends are favourable for the development of their performance and strengthening of their competitiveness. The government solutions to promote industry could facilitate the performance of companies operating in the value chain of wind energy components and encourage new companies to join it. This would encourage the Lithuanian industry to expand its participation in the value chain of the European Union’s renewable energy industry, create more jobs, and increase the added value.
Keywords: wind power industry; manufacturers of wind energy components; value chain of wind energy components; competitiveness (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://www.mdpi.com/2071-1050/13/16/9255/pdf (application/pdf)
https://www.mdpi.com/2071-1050/13/16/9255/ (text/html)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:13:y:2021:i:16:p:9255-:d:616534
Access Statistics for this article
Sustainability is currently edited by Ms. Alexandra Wu
More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().