Applications and Performance Evaluation of Renewable Energy Technology Development in Nigeria using PESTEL Evaluation

Abstract

Global warming and the depletion of fossil fuels have led advanced countries to develop renewable energy technologies. Very far from this trend are developing countries like Nigeria. The research examined the impact of Renewable Energy Technology (RET) development, taking to account the major barriers that influence the promotion of RET in the developing countries and the major issues with the usage. In achieving this, a two way analysis was done, firstly, using Political, Economic, Social, Technological, Environmental and Legal (PESTEL) frame work analysis, taking into account the macro factors considered in RET development in the developing country. Secondly, through data obtained directly from target audience divided in themes using statistical inference.  The results indicates that there are strong barrier linking energy and development that obstructs implementation of RET and some of the major factors involved at the local level.  Imperative and substantial suggestions that can be utilized, even by other local regions in the developing world that wish to make a shift towards greater use of RET was made.

Keywords: Application, Performance, Renewable Energy, Technology, Development, “PESTEL” Nigeria.