Risk management and policy implications for concentrating solar power technology investments in Tunisia

Damien Bazin, Nouri Chtourou (nouri.chtourou@fsegs.rnu.tn) and Amna Omri
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Nouri Chtourou: RUDE - Research Unit in Development Economics - Université de Sfax - University of Sfax
Amna Omri: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur

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Abstract: Concentrating solar power (CSP) is a promising technology in Tunisia. However, its diffusion is facing many barriers which deter investments. Through the analysis of a CSP plant in Southern Tunisia by using the Global Risk Analysis (GRA) method, we try to analyze the main risks faced by investors. The main objective of this research is to identify and analyze the risks faced by CSP investors in Tunisia and develop strategies that should be adopted to accelerate the process of diffusion of this technology. This analysis allows us to conclude that the CSP project is very exposed to political, financial, physical-chemical, legal, and strategic hazards. Moreover, we show that among the four phases of the project, the preparation phase is the most vulnerable to hazards. In fact, the GRA method makes it possible to determine the list of the major risks, such as the risk of not obtaining permission to build a CSP plant, the risk of non compliance with the deadline, the risk of failure to achieve the expected performance, the risk of insufficient access to capital, and the risk of conflicts with local residents. In order to de-risk CSP technology in Tunisia, we propose some strategies, such as strengthening the public-private partnerships, using participatory approaches, creating local employment, etc.

Date: 2019-05
New Economics Papers: this item is included in nep-ara, nep-ppm and nep-rmg
Note: View the original document on HAL open archive server: https://hal.science/hal-02061788
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Citations: View citations in EconPapers (2)

Published in Journal of Environmental Management, 2019, 237, pp.504-518

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