Compound real options valuation of renewable energy projects: The case of a wind farm in Serbia
Biljana Rakic and
Renewable and Sustainable Energy Reviews, 2017, vol. 75, issue C, 354-367
Renewable energy sources have become a very important issue due to environmental and sustainability concerns. In addition, most renewable energy electricity generation (RES-E) projects are characterized by considerable uncertainty and sequential decision-making. These projects’ net present value (NPV) is very often close to zero, which renders them a good candidate for the application of real options valuation methodology of investment project appraisal.
Keywords: Renewable energy sources; Electricity generation projects; Wind farm; Binomial tree; Capacity factor; Feed-in-tariffs (search for similar items in EconPapers)
JEL-codes: C41 D81 G11 G31 Q42 (search for similar items in EconPapers)
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