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Barriers to investment in utility-scale variable renewable electricity (VRE) generation projects

Jing Hu, Robert Harmsen, Wina Crijns-Graus and Ernst Worrell

Renewable Energy, 2018, vol. 121, issue C, 730-744

Abstract: To effectively mitigate climate change, variable renewable electricity (VRE) is expected to substitute a great share of current fossil-fired electricity generation. However, VRE investments can be obstructed by many barriers, endangering the amount of investments needed in order to be consistent with the Paris 2 °C target. To help policy-makers better understand and assess these barriers, an integrated framework was developed. It establishes a clear connection between barriers identified in literature and the investment decision-making process, based on the project life of VRE assets. Barriers in this framework are defined as factors hindering the realization of a positive final investment decision (FID), which can lead to investment withdrawal.

Keywords: Variable renewable electricity; Barrier; Investment; Decision-making; Energy policy (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1016/j.renene.2018.01.092

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