New opportunities and the valuation of energy assets
Mark Newton
Journal of Building Survey, Appraisal & Valuation, 2017, vol. 6, issue 3, 222-228
Abstract:
When the Coalition Government came to power in 2010, it was very keen to support the emerging renewable energy market to reduce CO2 emissions to comply with world and European directives. To boost the market, large financial incentives were introduced. These have virtually disappeared, but there are now a large number of energy assets that require specialist valuation work. A new ‘smart’ grid system is being introduced, replacing the old coal and nuclear power stations with a rapidly emerging market in energy storage, using battery and short term operating reserve (STOR) technology. This can supply power into the grid in a fraction of a second and ideally complement the intermittent power from renewable projects.
Keywords: reduce CO2 emissions; energy assets; specialist renewable energy valuations; energy storage; hydro; wind farms; solar; anaerobic digestion (AD); renewable heat; RHI; energy efficiency; battery storage; planning; grid; electric cars; interconnectors; government energy policy; overage; third party energy right; rights of way and electricity wayleaves; STOR Energy plants (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jbsav0:y:2017:v:6:i:3:p:222-228
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