Staff View: The business model for access to affordable re on economic, social, and environmental value : A review

The business model for access to affordable re on economic, social, and environmental value : A review

Renewable energy has the potential to power the global economy and effective business models will significantly aid this goal, being among the most critical factors in spurring expansion in the energy industry. This paper reviews articles that discuss business models in the renewable energy sector....

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Main Authors:	Erdiwansyah, E., Gani, Asri, Rizalman, Mamat, Nizar, Muhammad, Yana, Syaifuddin, S. M., Rosdi, Mohd Zaki, Muhammad Faiz, Sardjono, Ratnaningsih Eko
Format:	Article
Language:	English
Published:	AGH University of Science and Technology Press 2023
Subjects:	T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics
Online Access:	http://umpir.ump.edu.my/id/eprint/40645/1/The%20business%20model%20for%20access%20to%20affordable%20re%20on%20economic.pdf http://umpir.ump.edu.my/id/eprint/40645/ https://doi.org/10.7494/geom.2023.17.5.5 https://doi.org/10.7494/geom.2023.17.5.5
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id	my.ump.umpir.40645
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spelling	my.ump.umpir.406452024-04-30T06:41:07Z http://umpir.ump.edu.my/id/eprint/40645/ The business model for access to affordable re on economic, social, and environmental value : A review Erdiwansyah, E. Gani, Asri Rizalman, Mamat Nizar, Muhammad Yana, Syaifuddin S. M., Rosdi Mohd Zaki, Muhammad Faiz Sardjono, Ratnaningsih Eko T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics Renewable energy has the potential to power the global economy and effective business models will significantly aid this goal, being among the most critical factors in spurring expansion in the energy industry. This paper reviews articles that discuss business models in the renewable energy sector. Long-term economic, social, and ecological stability is concerned. Previous studies have neglected the environmental sustainability of renewable energy business models, focusing on their technical, social, and economic aspects, primarily for energy access. The business models for solar home and pico systems relied heavily on lowering costs through creative payment plans for customers to be commercially viable. The demand for mini-grids requires end users to launch businesses that can leverage electrification initiatives to be commercially via-ble. The success of a mini-grid depends on the average consumption and reve-nue per user. Affordability, unmet energy needs, low electricity demand, lack of financing, unfamiliar business models, and immature markets have imped-ed energy access in Indonesia. Our analysis revealed that future studies in this field must include environmental sustainability to provide a complete picture for decision-makers. Renewable energy needs in Indonesia can be achieved through the sustainability domain, policy makers can consult this evidence set. AGH University of Science and Technology Press 2023 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/40645/1/The%20business%20model%20for%20access%20to%20affordable%20re%20on%20economic.pdf Erdiwansyah, E. and Gani, Asri and Rizalman, Mamat and Nizar, Muhammad and Yana, Syaifuddin and S. M., Rosdi and Mohd Zaki, Muhammad Faiz and Sardjono, Ratnaningsih Eko (2023) The business model for access to affordable re on economic, social, and environmental value : A review. Geomatics and Environmental Engineering, 17 (5). pp. 5-43. ISSN 1898-1135. (Published) https://doi.org/10.7494/geom.2023.17.5.5 https://doi.org/10.7494/geom.2023.17.5.5
institution	Universiti Malaysia Pahang Al-Sultan Abdullah
building	UMPSA Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Malaysia Pahang Al-Sultan Abdullah
content_source	UMPSA Institutional Repository
url_provider	http://umpir.ump.edu.my/
language	English
topic	T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics
spellingShingle	T Technology (General) TA Engineering (General). Civil engineering (General) TJ Mechanical engineering and machinery TL Motor vehicles. Aeronautics. Astronautics Erdiwansyah, E. Gani, Asri Rizalman, Mamat Nizar, Muhammad Yana, Syaifuddin S. M., Rosdi Mohd Zaki, Muhammad Faiz Sardjono, Ratnaningsih Eko The business model for access to affordable re on economic, social, and environmental value : A review
description	Renewable energy has the potential to power the global economy and effective business models will significantly aid this goal, being among the most critical factors in spurring expansion in the energy industry. This paper reviews articles that discuss business models in the renewable energy sector. Long-term economic, social, and ecological stability is concerned. Previous studies have neglected the environmental sustainability of renewable energy business models, focusing on their technical, social, and economic aspects, primarily for energy access. The business models for solar home and pico systems relied heavily on lowering costs through creative payment plans for customers to be commercially viable. The demand for mini-grids requires end users to launch businesses that can leverage electrification initiatives to be commercially via-ble. The success of a mini-grid depends on the average consumption and reve-nue per user. Affordability, unmet energy needs, low electricity demand, lack of financing, unfamiliar business models, and immature markets have imped-ed energy access in Indonesia. Our analysis revealed that future studies in this field must include environmental sustainability to provide a complete picture for decision-makers. Renewable energy needs in Indonesia can be achieved through the sustainability domain, policy makers can consult this evidence set.
format	Article
author	Erdiwansyah, E. Gani, Asri Rizalman, Mamat Nizar, Muhammad Yana, Syaifuddin S. M., Rosdi Mohd Zaki, Muhammad Faiz Sardjono, Ratnaningsih Eko
author_facet	Erdiwansyah, E. Gani, Asri Rizalman, Mamat Nizar, Muhammad Yana, Syaifuddin S. M., Rosdi Mohd Zaki, Muhammad Faiz Sardjono, Ratnaningsih Eko
author_sort	Erdiwansyah, E.
title	The business model for access to affordable re on economic, social, and environmental value : A review
title_short	The business model for access to affordable re on economic, social, and environmental value : A review
title_full	The business model for access to affordable re on economic, social, and environmental value : A review
title_fullStr	The business model for access to affordable re on economic, social, and environmental value : A review
title_full_unstemmed	The business model for access to affordable re on economic, social, and environmental value : A review
title_sort	business model for access to affordable re on economic, social, and environmental value : a review
publisher	AGH University of Science and Technology Press
publishDate	2023
url	http://umpir.ump.edu.my/id/eprint/40645/1/The%20business%20model%20for%20access%20to%20affordable%20re%20on%20economic.pdf http://umpir.ump.edu.my/id/eprint/40645/ https://doi.org/10.7494/geom.2023.17.5.5 https://doi.org/10.7494/geom.2023.17.5.5
_version_	1822924249950584832
score	13.232414

The business model for access to affordable re on economic, social, and environmental value : A review

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