Where does the wind blow? Green preferences and spatial misallocation in renewable energy sector

Yatang Lin

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: Are "greener" investments less efficient? This paper looks at the location choices by wind power investors. I measures the efficiency loss in this sector due to wrong project location and explore the factors contributing to it. Using extensive information on wind resources, transmission, electricity price and other restrictions that might affect the siting of wind farms, I calculate the predicted profitability of wind power projects for all the possible places across the contiguous US, use it as a counterfactual for profit-maximizing wind power investment and compare it to the actual placement of wind farms.

Keywords: Spatial misallocation; renewable energy policies; productivity; green preferences (search for similar items in EconPapers)
JEL-codes: Q42 Q48 R12 R38 (search for similar items in EconPapers)
Date: 2016-04-21
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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https://cep.lse.ac.uk/pubs/download/dp1424.pdf (application/pdf)

Related works:
Working Paper: Where does the wind blow? Green preferences and spatial misallocation in renewable energy sector (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1424

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