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Individual perceptions of renewable energy investment in Somali firms

Nor, Bile Abdisalan (2025) Individual perceptions of renewable energy investment in Somali firms. Scientific Reports.

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Abstract

Somalia’s energy sector is seen as potential for development and investment. financing this sector
is crucial for development and economic growth. Small and medium-sized private-sector enterprises
are the primary electricity generators and distributors, operating diesel-powered systems via off-grid
networks This study investigates the factors influencing investment intentions in renewable energy
in Somalia. This study utilized a quantitative research approach employing a descriptive research
design. The research data for this study were gathered using a structured questionnaire developed
based on previous studies to collect primary data from the targeted respondents. A survey was
conducted with 220 potential investors both online and face-to-face methods. The data collected
were analysed using SmartPLS. This study’s findings show that the intention to invest in renewable
energy is directly determined by attitude towards renewable energy investments, subjective norms,
Perceived behavioural control and risk aversion. These findings have important implications for
promoting renewable energy in a country with abundant solar, wind, and biomass resources but
limited infrastructure and awareness. The practical implications derived from this study suggest
that, policymakers and organizations should prioritize campaigns highlighting the advantages of
renewable energy, such as energy independence, cost savings, and environmental sustainability. This
research contributes to the literature by extending the TPB to fragile states and providing a nuanced
understanding of the behavioural and contextual drivers of renewable energy investments.

Item Type: Article
Subjects: A General Works > AC Collections. Series. Collected works
Divisions: Faculty of Management Sciences
Depositing User: Unnamed user with email crd@smiad.edu.so
Date Deposited: 20 Sep 2025 08:45
Last Modified: 20 Sep 2025 08:45
URI: https://repository.simad.edu.so/id/eprint/261

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