Identification and Analysis of the Key Factors That Influence Power Purchase Agreements on the Road to Sustainable Energy Development

Abstract

The analysis of the key factors which prevent or contribute to the promotion and development of power purchase agreements (PPAs) in order to meet sustainability goals represents an important issue which is worth being investigated, especially given the situation which is entered into considering the bilateral relations inside this contract, which is meaningful to achieving new climate targets, developing and improving the use of green energy, and promoting a sustainable green economy. The main goal of this research is to identify and analyse the main factors which either help or prevent the promotion and development of a PPA in order to meet sustainability goals by promoting a green economy. For this research, a survey based on comparative analysis, questionnaires and interviews with energy experts, Spearman’s correlation matrix, and IBM SPSS Statistics for Windows are used. The results suggest that although there is a positive interest in and an open attitude towards PPA on both sides (sellers and buyers), there is still room for improvement; the lack of knowledge or insufficient measures taken so far are two of the reasons why, until now, in Romania, no PPA market has been developed, and the level of knowledge regarding this type of mechanism is quite low.