Development of wind farm projects through partnership as a strategic decision : An empirical study of different partners' perspective

University essay from Handelshögskolan vid Umeå universitet

Abstract: There are several participants in the renewable energy sector, each one having their own perspective, according to their interests. One renewable source of energy is wind. Development of wind energy projects is complex and implies the conjunction of several endeavors that are hard to be undertaken by only one organization. The complexity of wind energy projects demands the interaction among actors, that is, the creation of partnerships.   The purpose of this study is to question the nature of partnerships as a response to strategic decisions for the implementation of wind energy projects and to provide arguments to state that partnerships are indeed strategic. By making a comparison of the different roles of the actors involved in the sector and having a theoretical support created by a literature review of the subject, authors’ arguments are based on the analysis of six different perspectives from those actors in the wind energy arena: Utilities company, wind energy projects developers, government, financial institutions, international organization and consultants. A qualitative approach guided the identification of the role of these wind energy participants as their perspective in the sector. Perspective cases were formed through interviews made to representatives of different actors and through secondary data. Having an empirical approach, some wind energy projects and their involved partnerships were identified and analyzed. In addition, by analyzing the critical success factors of partnerships that influence crucial aspects for implementation of wind energy projects, it was confirmed that good partnerships are based on trust and their success is the result of establishing clear objectives and defining the roles and responsibilities of each partner. Besides, considerations regarding control management of partnership deployment among actors of the energy sector are suggested. Latterly, it was uncovered that organizations sometimes do not recognize their relationships as partnerships, due to the bare understanding of the scope of partnership concept. In practice, partnership is conceived as a long-term relationship, while relationships for a limited time are commonly identified as contracts. However, it was concluded that in any case a partnership is developed, as partners gather their own expertise to achieve common goals.     This research is meant to be a reference for decision-making individuals or project managers that need to evaluate ways to implement strategies. Also this study is conceived for those that need to decide if it is worthy to establish a partnership and its considerations, as a response to strategic decisions.  

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