ABSTRACT
This chapter considers technological lock-ins and inflexibility, as well as the influence of stakeholder groups, such as energy companies, and the interactions of the private and public sectors. It aims to contribute to the understanding of how human factors affect energy transition in the Middle East and North Africa (MENA) region. The innovative aspect of this approach is in the integrated and holistic assessment associated with the deployment of renewable energy technologies and how the positioning of renewable energies can contribute to the socioeconomic development of the area. Risk, in relation to investments in renewable energy projects, can be described by a negative impact that uncertain future events may have on the financial value of a project. A serious issue in the development of renewable energy ventures is how imminent happenings may upset the value of the project and what threats are involved with the planned investment.
