Renewable energy investments under different support schemes: A real options approach
作者： Trine Krogh Boomsma , Nigel Meade , Stein-Erik Fleten
DOI: 10.1016/J.EJOR.2012.01.017
关键词: Renewable energy credit 、 Renewable Energy Certificate 、 Tariff 、 Investment (macroeconomics) 、 Microeconomics 、 Wind power 、 Revenue 、 Economics 、 Environmental economics 、 Renewable energy 、 Baseline (configuration management)
摘要: 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 …
core.ac.uk
imperial.ac.uk
elsevier.com
sci-hub.se 参考文章(48)
Robert S. Pindyck, The Long-Run Evolutions of Energy Prices The Energy Journal. ,vol. 20, pp. 1- 27 ,(1999) , 10.5547/ISSN0195-6574-EJ-VOL20-NO2-1
Les Clewlow, Chris Strickland, Valuing Energy Options in a One Factor Model Fitted to Forward Prices SSRN Electronic Journal. ,(1999) , 10.2139/SSRN.160608
S.G. Jensen, K. Skytte, Interactions between the power and green certificate markets Energy Policy. ,vol. 30, pp. 425- 435 ,(2002) , 10.1016/S0301-4215(01)00111-2
Angeliki N. Menegaki, Accounting for unobserved management in renewable energy & growth Energy. ,vol. 63, pp. 345- 355 ,(2013) , 10.1016/J.ENERGY.2013.10.057
Jonathan E. Ingersoll, Jr., Stephen A. Ross, Waiting to Invest: Investment and Uncertainty The Journal of Business. ,vol. 65, pp. 1- 29 ,(1992) , 10.1086/296555
John C. Cox, Jonathan E. Ingersoll, Stephen A. Ross, The relation between forward prices and futures prices Journal of Financial Economics. ,vol. 9, pp. 321- 346 ,(1981) , 10.1016/0304-405X(81)90002-7
J.Michael Harrison, David M Kreps, Martingales and arbitrage in multiperiod securities markets Journal of Economic Theory. ,vol. 20, pp. 381- 408 ,(1979) , 10.1016/0022-0531(79)90043-7
Robert S. Pindyck, Avinash K. Dixit, Investment Under Uncertainty ,(1994)
Corinna Klessmann, Christian Nabe, Karsten Burges, Pros and cons of exposing renewables to electricity market risks—A comparison of the market integration approaches in Germany, Spain, and the UK ☆ Energy Policy. ,vol. 36, pp. 3646- 3661 ,(2008) , 10.1016/J.ENPOL.2008.06.022
Stephen A Ross, The arbitrage theory of capital asset pricing Journal of Economic Theory. ,vol. 13, pp. 341- 360 ,(1976) , 10.1016/0022-0531(76)90046-6