Sustainable green revolution through the development of solar power projects in Pakistan: a techno-economic analysis

Environ Sci Pollut Res Int. 2023 Jul;30(33):80123-80143. doi: 10.1007/s11356-023-28117-4. Epub 2023 Jun 9.

Abstract

Energy is essential to a recent way of life that needs to be addressed in economic and environmentally supportable improvement negotiations. The economic output of solar energy development has become the primary concern, particularly in emerging nations like Pakistan. The present research estimates a techno-economic analysis and sustainable green revolution by improving this country's solar energy projects (SEP). The study observes the moderating role of top management and risk factors of the procedures between financial management procedures and the economic output of SEP. A comprehensive opinion poll assessment accomplishes the investigation on facts from 61 respondents (finance executives, financial managers, shareholders, and owner investors). Partly least squares structural equation modeling (PLS-SEM) evaluates the hypotheses. The findings indicate that a techno-economic analysis and green revolution favor the ecological improvement of solar energy installations. The cash-flow analysis significantly contributes to the SEP's improved economic output. In addition, the results reveal that the role of top management and risk factors suggestively moderate the relationship between financial management procedures and the economic output of SEP. These outcomes give policymakers, competent authorities, and regulators an excellent guide to upsurge cleaner fabrication and ecological improvement of SEP.

Keywords: Cash-flow analysis; Green revolution; Monetary output; Pakistan; Renewable energy sustainable development; Solar energy projects.

MeSH terms

  • Carbon Dioxide / analysis
  • Developing Countries
  • Economic Development
  • Pakistan
  • Renewable Energy
  • Solar Energy*

Substances

  • Carbon Dioxide