Estimating the cost of capital for renewable energy projects

Steffen, Bjarne

doi:10.1016/j.eneco.2020.104783

Cited by 208 publications

(115 citation statements)

References 61 publications

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“…In contrast to traditional engineering applications, changing these nancial parameters can have a major impact on LCOA because green ammonia production is highly capital intensive. 100 Excluding Nayak-Luke et al, 93 in which the discount rate was set to 0 to specically exclude it from consideration, then the range of discount rates considered in the literature surveyed spanned from 4% (ref. 69) to 12%.…”

Section: Variance In Project Nancial Parametersmentioning

confidence: 99%

Green ammonia as a spatial energy vector: a review

Salmon

Bañares‐Alcántara

2021

Sustainable Energy Fuels

174

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Section: Variance In Project Nancial Parametersmentioning

confidence: 99%

Green ammonia as a spatial energy vector: a review

Salmon

Bañares‐Alcántara

2021

Sustainable Energy Fuels

174

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“…The price of PV dropped 90% in the past ten years [13]. At present PV module market price has dropped to 1.3 yuan/W, according to the component price of 1.5 yuan/W, PV factory installed cost is 2.5 yuan/W (due to produce their own can save costs by more than 10%).…”

Section: The Analysis Of Pv For Pv Planmentioning

confidence: 98%

PV for PV to accelerate carbon neutrality

Yuan

2021

E3S Web Conf.

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The cost of carbon neutrality is too expensive. How to find a cheaper and more feasible approach to realize it? This paper studies the innovative development mode of PV for PV-Max speed. Through the three-stage “PV for PV” development plan, After 2023, China's annual capacity can reach 400 GW, with a total investment of about $96 billion. After 2032, China's PV installation can reach 4000 GW, annual power generation is 5200TWh, and annual CO2 emission reduction is 4.4 Gt. After 2033, it will be an export period, with an annual export revenue of $54 billion. By 2046, it will be able to export a total of 5300 GW, with an annual power generation of 6890 TWh. It will reduce the CO2 emissions of 10.2 Gt for the world every year. If the PV plant is built in the three northern regions of China, combined with desertification control, the western desert will become a "green valley".

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“…The WACC is commonly referred to as the firm's cost of capital and used as a discount rate. 133 Bjarne 133 reviewed the spectrum of estimation methods for the private cost of capital for renewable energy projects and sought to discuss the appropriate use of the parameters to yield unbiased results. To achieve these goals, the author presents a systematic review of the global empirical evidence on renewable energy cost of capital.…”

Section: Political Factorsmentioning

confidence: 99%

Identification and analysis of impact factors on the economic feasibility of wind energy investments

et al. 2020

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Summary The growing energy demand in the world and the concern for environmentally damaging energy sources have led to an increased interest in seeking alternative renewable energy sources, such as wind energy. Furthermore, choosing effective locations for wind power plants has become a key issue in project planning. However, prior to implementation, such projects should be confirmed as economically viable. This article is a systematic review of the literature carried out with the aim to identify the main factors that impact the economic feasibility of wind energy investments. The search was performed in the ISI Web of Science (WoS) electronic database, from which 120 papers were extracted after a selection process, and were analyzed individually. As a result of the review analysis, 23 factors that have an impact on feasibility analysis were identified and organized in five categories: location (surface roughness, turbine location), economic (investment costs, operation and maintenance costs, avoided energy cost, depreciation, land rent), political (interest rates and taxes, energy sales price, inflation, financing conditions), climatic (wind speed, air density, temperature, air pressure), and technical (turbine height, installed wind power, lifetime, efficiency, rotor diameter, operation time, number of turbine blades, construction time). These factors can directly impact the cost of capital and/or energy production, affecting the economic viability of wind farms. In the last decade, there has been an exponential growth in publications about economic feasibility of wind investments. The wind investments growth has been accompanied by financial studies about this subject. This study provides insights on the main variables used in wind energy feasibility studies. The results may assist researchers and investors to identify the key parameters that are being examined in the literature, and to evaluate which ones should be considered in their study to ensure a sustainable development of power generation through the wind source.

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Estimating the cost of capital for renewable energy projects

Cited by 208 publications

References 61 publications

Green ammonia as a spatial energy vector: a review

Green ammonia as a spatial energy vector: a review

PV for PV to accelerate carbon neutrality

Identification and analysis of impact factors on the economic feasibility of wind energy investments

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