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technologies under uncertainty. Specifically, given two technologies, one with lower costs at present, but the other with greater … uncertainty in the returns to R&D, how should one allocate the R&D budget? We develop a multi-stage stochastic dynamic programming … variance in the uncertainty in returns to R&D and with the skewness of the uncertainty. We also present an illustrative case …
Persistent link: https://www.econbiz.de/10011298511
that causes the investment downturn during "off" years, but rather the uncertainty over its return. Specifically, it is the … dynamic of power purchase agreement (PPA) negotiations in the face of PTC renewal uncertainty that drives investment … uncertainty is a crucial component of effective renewable energy policy. The PTC as currently structured is not the only means …
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In this paper, we explore two strategies for reducing the cash flow uncertainty of wind power traders ascribed to …
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uncertainty …
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Wind energy is among the most relevant types of renewable energy and plays a vital role in the projected European energy mix for 2020. The aim of this paper is to comprehensively present current risks and risk management solutions of renewable energy projects and to identify critical gaps in...
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Although high investments need to be leveraged to increase the share of wind and solar energy generation, investment risk has not yet been integrated into commonly used approaches of renewable energy scenario development. However, to evaluate and reduce technological risk and associated...
Persistent link: https://www.econbiz.de/10010209110
We analyse quantitatively how risk exposure from different support mechanisms, such as feed-in tariffs and premiums, can influence the investment incentives for private investors. We develop a net cash flow approach that takes systematic and unsystematic risks into account through cost of...
Persistent link: https://www.econbiz.de/10010433262