RETRACTED: Assessing the Flexibility of Renewable Energy Multinational Corporations

Iurii Prokazov, Vladimir Gorbanyov, Vadim Samusenkov, Irina Razinkina and Monika Chłąd
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Iurii Prokazov: Renaissance Development Russia, 105264 Moscow, Russia
Vladimir Gorbanyov: Department of World Economy, Moscow State Institute of International Relations (University) (MGIMO), 117342 Moscow, Russia
Vadim Samusenkov: Department of Prosthetic Dentistry, I.M. Sechenov First Moscow State Medical University (Sechenov University), 119991 Moscow, Russia
Irina Razinkina: Department of Management and Innovation, Financial University under the Government of the Russian Federation, 115583 Moscow, Russia
Monika Chłąd: Faculty of Management, Czestochowa University of Technology, ul. Armii Krajowej 19 B, 42-200 Czestochowa, Poland

Energies, 2021, vol. 14, issue 13, 1-19

Abstract: Currently, international business and society are on the eve of large-scale changes. The study aims to develop a methodological approach to assess the energy flexibility of multinational corporations in the context of the structural transformation management of renewable energy production. The methodology of this study is based on a comprehensive approach, which includes the methodology of the United States Agency for International Development (USAID), diagnostics of the level of development and energy flexibility of multinational corporations, regression analysis and scenario modeling. In particular, scenario analysis of renewable energy development in countries of the Commonwealth of Independent States (CIS) and economic analysis of projects for the development of corporate renewable energy industry were carried out. The results showed that the Russian renewable energy business is flexible enough for changes; however, at the same time, changes are needed in the national legislation, the basics of work, the national energy market; the conditions should be formed for the development of this business, a green tariff on a market basis should be formed, etc. The scientific contribution of this study is the proposed indicator in the form of the Multinational Corporation Energy Flexibility Index. It provides an opportunity to diagnose the agility of multinational corporations’ development, taking into account changes in their production structure. The developments obtained in the course of the work can be applied for studies related to assessing the flexibility of national energy systems, as well as in the practice of managing multinational corporations operating in the field of renewable energy.

Keywords: renewable energy; multinational corporation; assessment of flexibility; management; energy system (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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