INFLUENCE OF TECHNOLOGY ON EXECUTION OF SOLAR POWER PROJECTS IN SOUTHWEST, NIGERIA
This paper examined the influence of technology on execution of solar power projects (ESPP) in southwest, Nigeria. The study adopted a research survey design and a census population of 158 solar companies. The study retrieved and used 109 valid questionnaire collected from the top managers, representing about 69 percent. The data were collected using a digital questionnaire created with CSPro (Census and Survey Processing System). The study adopted descriptive and inferential statistics which included: mean, standard deviation and structural equation modelling (SEM) respectively. Furthermore, the SEM analyses conducted showed that technology was highly significant at the 95 percent level (β = 0.735; p = 0.000). The study further revealed that economic status of the community (β = 0.204; p = 0.014) and sustainability of the projects (β = -0.267; p = 0.014) significantly influenced execution of solar power projects at 95 percent level. The result showed that technology is critical to successfully execution of solar power projects. The study recommended that the solar power developers should explore collaboration with private investors to share the financial burdens of acquiring modern technology for successful execution of solar power projects in Southwest, Nigeria. The study provided insights into the factors that influenced the execution of solar power projects in Southwest, Nigeria. The findings have implications for policymakers, solar power developers, and investors seeking to promote the growth of solar power industry in the country.
Keywords: Technology, execution of solar power projects, sustainability, economic status, corporate institution supports
