Theories on the internationalization process of firms have been developed by researchers overmany decades. These theories have been affected by the present time, their origins, and thegiven firms in the research.Physical distance is no longer an issue, and internationalization is these days almost anecessity for a specialized SME when its domestic market is threaten by global competition.Today, more firms internationalize and they do it more rapidly than before. Influenced byauthorities or their networks, going abroad has become easier. Therefore, the researchproblem we express is: “The problem is that, given globalization, the theories available toexplain the internationalization process by SMEs are hardly applicable today.‖Access to energy is a driver of development and plays a central role in both fighting povertyand addressing climate change. The United Nations (UN) and several other organizations areoffering significant funds for carry out renewable energy (RE) projects in the developingworld. These developing countries represent a huge emerging market that is an attractivetarget for foreign international firms. But it is also a risky market given instable regimes andan absence of regulations and institutions that constitute barriers for foreign investors.Both firms in this study offer PV technology, and their main market is in Europe. Both firmsalso have experience targeting developing countries. The result of the study shows that theexplanatory power of the theories presented here need modification to be valid in times whenthe circumstances of firms change constantly and significantly.