Drivers Of Chinese Outward Investment In Renewable Energy Sector In Europe ——Case Studies Of UK,Germany And Greece

China’s Foreign Direct Investment in Europe has experienced a significant surge over the last decade.Chinese government has been shifting its national policies to focus more on renewable energy development due to the increasing environmental and climate change concerns as well as energy security.Chinese outward foreign direct investment in renewable energy worldwide has increased dramatically after the Chinese government signed the Paris Agreement in 2015.The second largest regional recipient of Chinese OFDI in the renewable energy sector during the period2015-2020 is Europe.Breaking down the figures,the top recipients are the United Kingdom,Germany and Greece,having received over USD 1 billion cumulatively in each country over the past five years since 2015.This thesis aims to examine and analyze COFDI drivers in the renewable energy sector in the UK,Germany and Greece.The analysis is conducted at macro and micro level,using Dunning’s OLI paradigm to provide for a theoretical framework.There are two hypotheses proposed from micro and macro perspectives: Chinese OFDI in the renewable energy sector in the UK,Germany and Greece is driven by strategic asset-seeking motives and Chinese outward foreign direct investment in the renewable energy sector in the UK,Germany and Greece is driven by the host and home countries’ institutional environment,respectively.This research used a comparative method in analyzing the characteristics（attractive features）of each selected host country.The findings show that COFDI in the selected host countries are driven by their institutional environment in regards to renewable energy sector policies and government’s attitude towards the sector innovation which in turn positively impact the domestic development of the sector and availability of technological resources at micro-level,hence,becoming the drivers for COFDI.