There is a gap in the literature on the assessment of renewable energy projects regarding the role of regulatory real options (RROs) that do not depend entirely on the project promoter and yet affect the value of the project. This paper provides a methodology for evaluating investments in offshore wind generation in Denmark, based on the use of this type of options. The main results show that these RROs held by the administration, decrease the value of these renewable generation projects in Denmark. This confirms previous research for onshore generation in the same country.
Assessment of Offshore Wind Energy Projects in Denmark. A Comparative Study With Onshore Projects Based on Regulatory Real Options
Contributed by the Solar Energy Division of ASME for publication in the JOURNAL OF SOLAR ENERGY ENGINEERING: INCLUDING WIND ENERGY AND BUILDING ENERGY CONSERVATION. Manuscript received February 12, 2014; final manuscript received March 20, 2015; published online June 4, 2015. Assoc. Editor: Yves Gagnon.
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Iniesta, J. B., and Barroso, M. M. (August 1, 2015). "Assessment of Offshore Wind Energy Projects in Denmark. A Comparative Study With Onshore Projects Based on Regulatory Real Options." ASME. J. Sol. Energy Eng. August 2015; 137(4): 041009. https://doi.org/10.1115/1.4030656
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