Evaluation of Investment Projects in Renewable Energy Sources in Industry 4.0

Irina V. Sokolnikova () and Elizaveta A. Larkova
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Irina V. Sokolnikova: Plekhanov Russian University of Economics
Elizaveta A. Larkova: Plekhanov Russian University of Economics

A chapter in Industry 4.0, 2022, pp 425-433 from Springer

Abstract: Abstract Purpose Our article develops proposals on assessment and management of investment projects in the sphere of renewable energy in the times of landslide changes in the international energy industry. Design/methodology/approach Methodology of our research uses formalization of the key trends in the energy industry development, a discounted cash flow method and real options evaluation. Findings Wind farms projects were beneficial for energy supplies in some regions of the world, including in Russia. Despite state support and lower costs of installation and use of the objects in the last few years, the traditional assessment methods underestimate their investment attractiveness significantly. The article demonstrates usefulness of financial modelling of wind energy projects with application of sequential real options, which helps adapt the project to the changing environment.

Keywords: Investment projects; Valuation; Realoptions; Technologies for new economy; Energy system (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-79496-5_38

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DOI: 10.1007/978-3-030-79496-5_38

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