Evaluating Green Technology Strategies for the Sustainable Development of Solar Power Projects: Evidence from Pakistan

Shahid Ali, Qingyou Yan, Muhammad Sajjad Hussain, Muhammad Irfan (), Munir Ahmad, Asif Razzaq, Vishal Dagar () and Cem Işık
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Shahid Ali: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Qingyou Yan: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Muhammad Sajjad Hussain: School of Business Management, Superior University, Lahore 54600, Pakistan
Munir Ahmad: School of Economics, Zhejiang University, Hangzhou 310058, China
Asif Razzaq: School of Management and Economics, Dalian University of Technology, Dalian 116024, China

Sustainability, 2021, vol. 13, issue 23, 1-29

Abstract: Energy is the main element for a modern lifestyle that must be considered in economically reliable and sustainable development dialogues. The financial performance of solar power projects has become the main issue, especially in developing countries such as Pakistan, where it has gained the special attention of government and regulatory authorities. The present study evaluates green technology strategies for the sustainable development of solar power projects in Pakistan. We examine the moderating role of cost and riskiness of the methods between the nexus of capital budgeting techniques and the financial performance of solar power projects. The analysis is performed on data collected from 44 respondents (chief financial officers and chief executive officers) by accompanying an inclusive questionnaire survey. Partial least squares structural equation modeling (PLS-SEM) is used to assess the formulated suppositions. The results reveal that green technology strategies positively impact the sustainable development of solar power projects. The profitability index is a good source of higher financial performance of the solar power projects. The results further demonstrate that the cost and riskiness of the methods significantly moderate the nexus of capital budgeting techniques and the financial performance of solar power projects. These findings provide a valuable manual for policymakers, government institutions, and regulators to select the appropriate green technology strategy to increase cleaner production and sustainable development of solar power projects.

Keywords: green technology; cleaner production; sustainable development; profitability index; financial performance; solar power projects; Pakistan (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: View citations in EconPapers (17)

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