Reference no: EM133283654

Case: Climate scientists generally agree that the Earth's average temperature has risen in the past century. If this trend continues, sea levels will rise, and scientists predict that floods, heat waves, droughts, and other extreme weather conditions could occur more often. Other pollutants are released into the air, soil, and water when fossil fuels are burned. These pollutants take a dramatic toll on the environment-and on humans. Air pollution contributes to diseases like asthma. Acid rain from sulfur dioxide and nitrogen oxides harms plants and fish. Nitrogen oxides also contribute to smog. In addition, "Russia" invasion of Ukraine is sending shock waves through energy and agriculture markets, resulting in an unprecedented global energy crisis. In many countries, governments are trying to shelter consumers from higher energy prices. Reducing dependence on Russian supplies has added new urgency to accelerate clean energy transitions and, once again, highlighted the key role of renewable energy and consequently are proposing policies to accelerate the transition to clean energy technologies which will also help to develop energy independence and security. Renewable energy is set to account for almost 95% of the increase in global power capacity through 2026, with solar PV alone providing more than half. The amount of renewable capacity added over the period of 2021 to 2026 is expected to be 50% higher than from 2015 to 2020. In the meantime, around the globe nations' energy are expected to grow by 33 percent during the next 20 years. While looming market uncertainties increase challenges, the new focus on energy security - especially in the European Union - is also triggering an unprecedented policy momentum towards accelerating energy efficiency and renewable.  Renewable energy, once a niche segment of the broader energy industry, is growing rapidly to become an important source of power in many regions and nations across the globe. 

Based on your understanding of aforesaid highlights you are requested to select a company from the biggest Renewable Energy Companies in the world or in your region to conduct your research, study and analysis.

By referring to your chosen company, you should answer the following three questions in an essay formats:

Question 1. Critically discuss the key important factors and forces in the renewable energy general and industry environments that affect the chosen company choice of strategy. From your own perspective, what actions should your chosen company do to keep its competitive advantage alive? 

Question 2. Based on your findings in question 1, critically evaluate the key resources available for the chosen company to successfully compete within its boundary and sustain a competitive advantage?

As a strategist, what recommendations would you suggest to help the company to sustain its competitive advantage? 

Question 3. Critically evaluate the chosen company Corporate and Business-Level strategies components in response to the rapidly growing demand for renewable energy in many regions and nations across the globe.