Investment Prioritization in Renewable Energy Resources with Consideration to the Investment Criteria in Iran

  • Alireza Aslani industrial management department at the University of Vaasa, Finland
  • Bo Feng school of mechanical and mining engineering, at the University of Queensland, Australia
Keywords: Renewable Energy, Investment, Private Sector, Decision- Making, Analytic Hierarchy Process (AHP), Iran


A competitive environment and private sector participation are essential for the economic utilization of renewable energy. Although the private sector is the driver of most industries, private investors are usually cautious about new technologies, particularly in renewable energy. With focus on the desires and concerns of the private sector, this article addresses the main questions private investors have about the identification and evaluation of renewable energy investment opportunities in Iran. The analysis shows solar energy is the best source for private sector investment. Further, for each investment criteria the more attractive energy sources are also presented as byproducts of the research.


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Author Biographies

Alireza Aslani, industrial management department at the University of Vaasa, Finland

Mr. Alireza Aslani is a project researcher, lecturer, and doctoral student in the industrial management department at the University of Vaasa, Finland. He is also a visiting scholar of the department of engineering and public policy at Carnegie Mellon University (USA), and school of mechanical and mining engineering at the University of Queensland (Australia). Industrial Management Department, Faculty of Technology, University of Vaasa, P.O. Box 700 (Yliopistonranta10), 65101 Vaasa, Finland, Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Ave., Pittsburgh, Pennsylvania 15213, USA,

Bo Feng, school of mechanical and mining engineering, at the University of Queensland, Australia

Dr. Bo Feng is a senior lecturer in the school of mechanical and mining engineering, at the University of Queensland, Australia. His research interests include CO2 capture and sequestration, and combustion and gasification. School of Mechanical and Mining Engineering, University of Queensland, Brisbane St Lucia, QLD 4072 Australia.


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