Standard

Challenges and opportunities of business models in sustainable transitions : Evidence from solar energy niche development in Lebanon. / Elmustapha, Houda; Hoppe, Thomas.

In: Energies, Vol. 13, No. 3, 670, 2020.

Research output: Contribution to journalArticleScientificpeer-review

Harvard

APA

Vancouver

Author

BibTeX

@article{a6dd019916db4eda8c2c813e98fdf3fb,
title = "Challenges and opportunities of business models in sustainable transitions: Evidence from solar energy niche development in Lebanon",
abstract = "Although business models presumably have a prominent role in socio-technical change remarkably little research has been conducted in this domain, more particularly in the context of developing economies. In this paper, we tap into this knowledge gap and study business model components and the challenges they face. We argue that the market value of renewable energy technologies will increase when new business models are implemented to overcome financial and institutional challenges. We complement concepts of the business model literature with the insights from the sustainable transitions literature. This paper addresses two research questions: What are the challenges of business and financial models in the transition towards decentralized solar energy driven systems? And what are the promising opportunities for new business models in a developing country context? To answer these research questions, we use a case study research design focusing on niche market development of solar thermal and solar photovoltaic (PV) technology in Lebanon. Data collection involved analysis of relevant text documents and expert interviews with 30 informants across different groups of stakeholders. Data analysis involved qualitative interpretation of collected data against concepts from the business model and Strategic Niche Management literatures. The results show that business model challenges initially were highly dependent on donor aid, which contributed to the launch and network creation of niche markets. Later, a shift to micro-finance and business startup models was observed, which showed promising development. Knowledge transfer and community empowerment were found to play an important role in developing new business models that involve consumers more closely. As this development is expected to take place more often, we expect that new opportunity pathways will develop in developing economies like Lebanon.",
keywords = "Business model, Consumers, Niche development, Renewable energy, Solar energy, Sustainability, Sustainable transition",
author = "Houda Elmustapha and Thomas Hoppe",
year = "2020",
doi = "10.3390/en13030670",
language = "English",
volume = "13",
journal = "Energies",
issn = "1996-1073",
publisher = "MDPI",
number = "3",

}

RIS

TY - JOUR

T1 - Challenges and opportunities of business models in sustainable transitions

T2 - Evidence from solar energy niche development in Lebanon

AU - Elmustapha, Houda

AU - Hoppe, Thomas

PY - 2020

Y1 - 2020

N2 - Although business models presumably have a prominent role in socio-technical change remarkably little research has been conducted in this domain, more particularly in the context of developing economies. In this paper, we tap into this knowledge gap and study business model components and the challenges they face. We argue that the market value of renewable energy technologies will increase when new business models are implemented to overcome financial and institutional challenges. We complement concepts of the business model literature with the insights from the sustainable transitions literature. This paper addresses two research questions: What are the challenges of business and financial models in the transition towards decentralized solar energy driven systems? And what are the promising opportunities for new business models in a developing country context? To answer these research questions, we use a case study research design focusing on niche market development of solar thermal and solar photovoltaic (PV) technology in Lebanon. Data collection involved analysis of relevant text documents and expert interviews with 30 informants across different groups of stakeholders. Data analysis involved qualitative interpretation of collected data against concepts from the business model and Strategic Niche Management literatures. The results show that business model challenges initially were highly dependent on donor aid, which contributed to the launch and network creation of niche markets. Later, a shift to micro-finance and business startup models was observed, which showed promising development. Knowledge transfer and community empowerment were found to play an important role in developing new business models that involve consumers more closely. As this development is expected to take place more often, we expect that new opportunity pathways will develop in developing economies like Lebanon.

AB - Although business models presumably have a prominent role in socio-technical change remarkably little research has been conducted in this domain, more particularly in the context of developing economies. In this paper, we tap into this knowledge gap and study business model components and the challenges they face. We argue that the market value of renewable energy technologies will increase when new business models are implemented to overcome financial and institutional challenges. We complement concepts of the business model literature with the insights from the sustainable transitions literature. This paper addresses two research questions: What are the challenges of business and financial models in the transition towards decentralized solar energy driven systems? And what are the promising opportunities for new business models in a developing country context? To answer these research questions, we use a case study research design focusing on niche market development of solar thermal and solar photovoltaic (PV) technology in Lebanon. Data collection involved analysis of relevant text documents and expert interviews with 30 informants across different groups of stakeholders. Data analysis involved qualitative interpretation of collected data against concepts from the business model and Strategic Niche Management literatures. The results show that business model challenges initially were highly dependent on donor aid, which contributed to the launch and network creation of niche markets. Later, a shift to micro-finance and business startup models was observed, which showed promising development. Knowledge transfer and community empowerment were found to play an important role in developing new business models that involve consumers more closely. As this development is expected to take place more often, we expect that new opportunity pathways will develop in developing economies like Lebanon.

KW - Business model

KW - Consumers

KW - Niche development

KW - Renewable energy

KW - Solar energy

KW - Sustainability

KW - Sustainable transition

UR - http://www.scopus.com/inward/record.url?scp=85079005551&partnerID=8YFLogxK

U2 - 10.3390/en13030670

DO - 10.3390/en13030670

M3 - Article

AN - SCOPUS:85079005551

VL - 13

JO - Energies

JF - Energies

SN - 1996-1073

IS - 3

M1 - 670

ER -

ID: 69958861