Boomsma, Trine Krogh; Meade, Nigel; Fleten, Stein-Erik - In: European Journal of Operational Research 220 (2012) 1, pp. 225-237
This paper adopts a real options approach to analyze investment timing and capacity choice for renewable energy projects under different support schemes. The main purpose is to examine investment behavior under the most extensively employed support schemes, namely, feed-in tariffs and renewable...