This paper provides an in-depth analysis of investment decisions and shifts related to onshore and offshore wind power supply chains. Insights about cost reductions are generated from analyzing project financing data, using a 'European learning curve' derived from a European learning system. In...

In this paper we study the economic feasibility of constructing a 560 MW coal-fired power plant in Turkey, using real options theory. We start from a short review of the Turkish electricity market as well as the literature on real options theory and power plant investment. We then investigate...

Forecasts of power production are necessary for the electricity market participation of Concentrating Solar Power (CSP) plants. Deviations from the production schedule may lead to penalty charges. the mitigation impact on deviation penalties of an electricity production forecasting tool for...

In this paper we start off by reviewing the literature on how to extend the mean-variance portfolio model to multi-stage portfolio problems. We then apply a multi-period portfolio selection model to power generation assets, which is based on a reallocation methodology with scenario tree. Two...

This paper explores the economic benefits that wind and photovoltaic power plant operators can extract from the activation of flexible loads during their market operations. We compare two alternatives: (1) use of flexible loads to maximize relative day-ahead market value by shifting the...

The Indian power sector is experiencing a lot of pressure to supply sustainable electricity at affordable cost due to heavy demand especially in the summer peak season. Most of India's electricity is produced by fossil fueled power plants, which are the source of CO₂ emissions. In this case,...

This paper analyzes the negative external effects caused by the introduction of variable renewable energy sources into an inflexible power system. We investigate the costs that arise due to the need for temporarily reducing their output to relief grid overstress in the case of high electricity...