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This study investigates the role of economic and political institutions as drivers of renewable energy production in Africa. To achieve this, the study employs panel data of 41 African countries from 2000 to 2017. To deal with endogeneity challenges associated with panel data, we use the two-step Systems Generalized Method of Moments (SGMM). Generally, we find evidence that robust economic institutions are relevant to increasing the level of renewable energy production in Africa. Second, the disaggregated measures of economic institutions show that both size of government and Freedom to trade internationally have a positive effect on renewable energy production. On the contrary, an increase in legal system and property rights reduces the level of renewable energy production. Third, the study finds that political institutions moderate the relationship between economic institutions and renewable energy production. Therefore, toward the goal of promoting SDG 12, governments in Africa should actively strengthen economic institutions to enhance responsible production of energy. However, such efforts will be much more fruitful if the level of political institutions is also strengthened. [ABSTRACT FROM AUTHOR]

Although, the Renewable Energy Act 2011 (Act, 832) was enacted to facilitate development and investment in the Renewable Energy sources in Ghana as part of the efforts to achieve Sustainable Development Goal 7, the actual impacts of the policy are yet to be felt as manifested in the amendment Act 2020 (Act, 1045). There is the need to develop alternative model to enhance investment in the renewable energy sector. Drawing from the Resources Based View (RBV) and Porter's Five Forces this paper is aimed to develop a simplified model to explain Small and Medium Enterprises (SMEs) investment determinants in the renewable energy sources in Ghana. We argued that the simplified integrated model provides robust predictability and wider generalization. Our paper is anchored on the positivists' epistemology and quantitative methodology. Our hypotheses have been tested using a cross sectional data from the Ghanaian SMEs. Variance Based Partial Least Squares (PLS) method has been used to analyze the survey data. Our results indicate that entrepreneurial competency, financial resource, marketing capability and technological usage significantly relate to investment in renewable energy. Moreover, the results have showed that competitive rivalry, threat of entry and bargaining power of customers significantly relate to investment in renewable energy. These results substantiate the well-known argument that industry forces and resource competitive strategies are significant determinants of firm's competitiveness and behavioural intentions. Overall, these results have theoretical and practical implications to facilitate the capacity of SMEs and create enabling renewable energy local content policy to enhance SME's participation in the sector. [ABSTRACT FROM AUTHOR]

The prime objective of the study is to examine the institutional affiliation in assessing the nexus between renewable energy and growth by employing a multi-quantitative approach. The dataset includes the Sub-Saharan African countries encapsulating 1990–2020. At first, the cross-sectional dependence (CSD) and slope's homogeneity (SH) tests were employed. Afterward, CIPS and CADF were employed to obtain the dataset's stationarity elements. The Westerlund bootstrap cointegration test consistently employed the long-term institutional affiliations to confirm the cointegration features. Meanwhile, for examining the short- and long-term performance impacts between the variables, we utilized the CS-ARDL approach. Dynamic heterogeneity causation is involved in identifying the flow of causation. Our results reveal positive renewable energy-growth nexus. Conversely, we report a positive impact on institutional affiliation, while a negative moderating impact on the population is reported. Further, institutional quality negatively influences the renewable-energy growth relationship. We proposed that for attaining long-term growth, Sub-Saharan Africa must expand the investment in renewable energy projects, create well-resourced institutions, and determine contingency plans for renewable energy development. Similarly, other emerging states can also monitor the institutional affiliation affect to observe the renewable energy-growth nexus. • Nexus between renewable energy and growth by employing a multi-quantitative approach. • Cross-sectional dependence and slope's homogeneity tests were employed. • Results reveal positive renewable energy-growth nexus. • Positive impact on institutional affiliation and a negative impact on the population. • Institutional quality negatively influences the renewable-energy growth relationship. [ABSTRACT FROM AUTHOR]

In response to Agenda 2030 and the Paris Climate Accord, the Ghana Energy Transition has been inaugurated to ensure a speedy shift from fossil fuel sources to clean energy (Solar, Wind, Thermal, Ocean Energy, Hydro Energy etc.) to avoid the worst of climate change. To facilitate the transition, we have developed an integrated model to explain the relationship between industry forces and investment intentions in renewable energy resources, and the moderating role of sustainable competitive strategy on the relationship between industry forces and investment intention. Cross-sectional survey data from Ghanaian private firms have been collected between January and February, 2022, and used for the study. To test our hypotheses, structural equation modelling approach and SMART-PLS 3.3.1 have been used. The results have shown that industry forces have significant effects on investment intention. The results have further shown that sustainable competitive strategy has significant relationships with investment intention. Moreover, the sustainable competitive strategy dimension of entrepreneurial competency has moderated the relationship between industry forces and investment intention. These results offer theoretical, policy and practical implications and guidance on strategies needed to attract private investment in renewable energy resources in Ghana and beyond. [ABSTRACT FROM AUTHOR]

Since 2011, successive Governments in Ghana have developed, and implemented Renewable Energy Master Plan to leverage macroenvironmental forces and encourage indigenous investment in Renewable Energy Technologies (RETs), but the actual impacts are yet to be felt by Ghanaians. The main objectives of the study are to: examine the impacts of Macroenvironment Forces (MF) on Small and Medium Enterprises' (SMEs) investment intentions in RETs, and determine the moderating effects of Entrepreneurship Orientation (EO) dimensions (viz. proactiveness, competitive aggression, innovativeness, and risk-taken) on the relationship between MF and SMEs' investment intentions. A total of 240 usable responses were received through self-administered survey questionnaires among Ghanaian SMEs. Variance-Based Partial Least Square Equation Modelling (PLS-SEM) approach was used for the data analyses and hypotheses testing. The results revealed that MF had significant and positive relationship with SMEs' intention to invest in RETs. Moreover, the results showed that proactiveness, competitive aggressive, and innovation had direct effects on intention to invest in RETs. Again, the results showed that EO dimensions significantly moderated the relationship between MF and investment intentions in RETs. The implications of these results include extending previous MF works by evaluating MF, EO, and investment intention relationships in a developing country context, which has been largely ignored in previous studies. Again, this paper provides insights into the value of macroenvironment scanning and assessment which could lead to better investment intentions in clean, affordable, and reliable energy service. Besides, the efficacy of EO in MF-investment intentions relationship has been well established in this paper. [ABSTRACT FROM AUTHOR]