Forecasting the impact of renewable energies in competition with non-renewable sources

Furlan, Claudia; Mortarino, Cinzia

doi:10.1016/j.rser.2017.05.284

Cited by 120 publications

(44 citation statements)

References 35 publications

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“…Therefore, the competition between natural gas and renewable energy is the most obvious among non-renewable energy. Furlan and Mortarino (2018) have verified that renewable energy and coal, oil, natural gas, and nuclear power are competitors. The study in this paper also found that there is a negative relationship between natural gas and renewable energy, and that the conditions for the existence of this relationship, namely crude oil, mean that natural gas is growing faster than nuclear power indicators such as financial revenue growth.…”

Section: Influence Of Traditional Energy On Renewable Energymentioning

confidence: 97%

Renewable Energy and Material Supply Risks: a Predictive Analysis Based on An LSTM Model

et al. 2020

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In response to climate change and continued reliance on traditional high-carbon fossil fuels, promoting the transition toward sustainable energy systems by development of low-carbon energy resources has been seen as the main strategy for mitigating and solving global climate change. However, the promotion of low-carbon energy also faces material supply risks. To provide a reference for the steady and rapid development of renewable energy and other energy in the future energy market, this paper considers renewable energy prediction based on a long-and short-term memory network model as well as the growth rate changes of crude oil, natural gas, nuclear energy, financial revenues, and expenditure. In the prediction process, it is found that natural gas will be a strong competitor for the development of renewable energy in the future. When natural gas grows too quickly, the growth of renewable energy will be negative. On the other hand, when the monthly growth rate of natural gas and crude oil is smaller than that of nuclear energy, renewable energy will display a growth trend, and the rate will increase with the growth of natural gas and nuclear energy. What is more, wind and solar energy will be limited by metallic materials, such as Dy, Nd, Te, and In. Improving the energy density of metals plays a key role in China's transition to a low-carbon energy structure.

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Section: Influence Of Traditional Energy On Renewable Energymentioning

confidence: 97%

Renewable Energy and Material Supply Risks: a Predictive Analysis Based on An LSTM Model

et al. 2020

View full text Add to dashboard Cite

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“…The renewable energy generation is usually competitive (Furlan & Mortarino, 2018; Guidolin & Guseo, 2016; Pitelis, Vasilakos, & Chalvatzis, 2019; Wang, Yan, Zhuang, & Zhang, 2019) due to several factors, such as cost (Robert, Sisodia, & Gopalan, 2017; van der Ploeg & Rezai, 2020), logistic issues (Chen & Su, 2019; Malladi & Sowlati, 2018), transmission (Chen et al, 2020; Mokryani, Hu, Papadopoulos, Niknam, & Aghaei, 2017; Soroudi, Rabiee, & Keane, 2017), demand (Robert et al, 2017), regulations (Sisodia, Soares, & Ferreira, 2016a, 2016b), policy (Abrell & Rausch, 2016; Albrizio, Kozluk, & Zipperer, 2017; Sisodia & Soares, 2015), loss (Quansah & Adaramola, 2019; Rahmani‐Andebili, 2017), storage (Robert, Sisodia, & Gopalan, 2018), investor's interest (Crago & Chernyakhovskiy, 2017; Kaya, Klepacka, & Florkowski, 2019; Linn & Shih, 2019), and efficiency (Brent & Ward, 2018). Since the cost of investment is high and given that renewable energy projects are irreversible (Flatland, Hove, Lavrutich, & Nagy, 2019), a key criterion for the investors to invest in renewable projects is the governmental support through regulatory schemes (Gatto & Drago, 2020; Stephenson & Shabman, 2019; Xie, Yuan, & Huang, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Strategic business risk evaluation for sustainable energy investment and stakeholder engagement: A proposal for energy policy development in the Middle East through Khalifa funding and land subsidies

et al. 2020

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This article projects business risk through deferent industrial scenarios in concentrated solar investments in the United Arab Emirates (UAE). Nationwide, the government seeks a sustainable solution through energy policy development and engagement of the stakeholders for clean energy generation at wider level in the long run. Support has been extended through various support schemes. In the current study, Monte Carlo simulations and net present value (NPV) risk are used to analyse the return on investment. A 5 MW concave solar panel project is evaluated. We have assessed the impact of local factors on profits through NPV. The study proposes that a higher NPV is expected if the concave solar panel project is financed 50% by Khalifa funding. The study also proposes a robust policy and highlights the opportunity of business profitability if the government subsidises land leasing with respect to each scenario. Additionally, the study also proposes a policy to maintain the interests of investors in the UAE.

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“…Economic development, and the subsequent dependence on mechanization and technology, brings an increased demand for energy and any higher consumption of conventional fuels leads to environmental degradation and pollutant emissions. Therefore, alternative solutions are sought, including wind turbines and solar panels [Furlan and Mortarino, 2018]. Despite the technological advancement of the abovementioned installations, their efficiency depends to a large extent on geographical and climatic conditions.…”

Section: The State Of the Biogas Market In Polandmentioning

confidence: 99%

New Trends in Substrates and Biogas Systems in Poland

Marks¹,

Dach²,

Fernández-Morales³

et al. 2020

J. Ecol. Eng.

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The amendment to the Polish Renewable Energy Act creates great opportunities for the development of the biogas market in Poland. Years of experience in biogas production in Western Europe and the development of biogas installations in Poland indicate the requirement to look for alternative substrates to those produced from dedicated crop production (mainly maize silage). Feasible solutions include the use of biodegradable waste from agriculture or industry as well as municipal landfill sites. The usage of these substrates in the methane fermentation process offers low cost, high biogas production and the safe management of biowaste. The arguments for using them in biogas installations are persuasive. This article presents new approaches of biogas plant installation solutions which allows for the effective fermentation of biowaste from animal and vegetable production, from the agro-food industry and from municipal waste.

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Forecasting the impact of renewable energies in competition with non-renewable sources

Cited by 120 publications

References 35 publications

Renewable Energy and Material Supply Risks: a Predictive Analysis Based on An LSTM Model

Renewable Energy and Material Supply Risks: a Predictive Analysis Based on An LSTM Model

Strategic business risk evaluation for sustainable energy investment and stakeholder engagement: A proposal for energy policy development in the Middle East through Khalifa funding and land subsidies

New Trends in Substrates and Biogas Systems in Poland

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