Methodologies for city-scale assessment of renewable energy generation potential to inform strategic energy infrastructure investment

Adam, Katrina; Hoolohan, Victoria; Gooding, James; Knowland, Thomas; Bale, Catherine S.E.; Tomlin, Alison S.

doi:10.1016/j.cities.2015.10.015

Cited by 43 publications

(22 citation statements)

References 26 publications

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“…The real potential of solar energy is in the many applications it offers at city scale, because it can be used for the production of both electricity and heat in public and residential buildings and facilities, as well as in urban transport. Furthermore, as highlighted by Adam et al [50], solar panels are generally characterised by low maintenance, quick installation and dismantling, and no moving parts. As an RES technology a solar panel is easy to set up and also safe in city areas.…”

Section: Solar Powermentioning

confidence: 99%

RES Implementation in Urban Areas: An Updated Overview

Delponte

Schenone

2020

Sustainability

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In the past, national energy planning guided the development of a central program for infrastructure investment over a defined time period. However, in the current geopolitical context, environmental damage, fossil fuel depletion, and territorial imbalance caused by the centralised energy model are all factors that require a change of energy structure, establishing actions to invest in energy diversification, and solid commitment to local renewable energies. This also implies an enhancement of the role played by local bodies, and particularly by municipalities, in achieving the targets of the Kyoto Protocol and now of the Paris Agreement, because renewable sources need to be studied, applied, and exploited at the local scale. Within this framework, this paper is organized as an overview on the promotion and implementation of the major RES technologies in the deployment of the new energy paradigm at the urban scale, taking into account multiple targets. A survey of existing literature underlines how the RES topic is mostly approached as a problem of energy supply and implementation of technology, but actual sustainability in terms of a social development process and improvement of quality of life by residents is often neglected. Then, this overview stimulated the authors to highlight three main critical issues and gaps and support the need of an all-encompassing approach as a final recommendation for a general RES urban planning advancement.

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Section: Solar Powermentioning

confidence: 99%

RES Implementation in Urban Areas: An Updated Overview

Delponte

Schenone

2020

Sustainability

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“…In 2011, about 30 MW of decentralised PV was installed [3], and by 2018, this capacity had increased to around 300 MW. This transition is occurring all over the world as presented in [8,[16][17][18][19][20][21][22]. Therefore the role of distributed technologies within the grid can no longer be ignored anymore.…”

Section: Introductionmentioning

confidence: 99%

Estimating the economic potential of PV rooftop systems in South Africa's residential sector: a tale of eight metropolitan cities

Senatla

Bansal

Naidoo

et al. 2020

IET Renewable Power Generation

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The cost of producing electricity with solar photovoltaic (PV) has decreased drastically in the past 10 years, so much that the installed PV capacity has increased exponentially between 2010 and 2018. South Africa is endowed with a technical potential of 72 GW for PV rooftop systems, but the economic potential is largely unknown. As a result, the integrated resource plan assumes that an annual installation of 200 MW of distributed generation will be made between 2018 and 2030. This study evaluates the economic potential of rooftop PV systems in the residential sector within metropolitan cities in South Africa using financial metrics. The important financial metrics used to qualify an investment are net present value, internal rate of return (IRR) and payback period. An investment is expected to pay itself back in less than 10 years with a high rate of return (IRR). Households are classified into living standards measure so that it is easier to map customers to related tariffs. Using this method, the eight metropolitan municipalities will have PV economic potential of 11 GW in 2019 and 22.7 GW by 2030 if the current tariff grows at 5% and the tariff structure does not change.

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“…An important prerequisite for an optimal climate adaptation strategy is an accurate financial analysis of the climate adaptation infrastructures. The conventional approach would be to employ a discounted cash flow (DCF) method by conducting an economic assessment based on the certain costs and future cash flows under particular conditions (Adam et al 2016). However, the DCF method assumes that all the investments are reversible, although most fixed assets investments are irreversible (Schachter and Mancarella 2016).…”

Section: Introductionmentioning

confidence: 99%

A Real Options‐Based Decision‐Making Model for Infrastructure Investment to Prevent Rainstorm Disasters

Wang

Liu

Zhang

et al. 2019

Production and Operations Management

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Extreme precipitation caused by global climate change is expected to have a severe impact on urbanized areas. While decision‐makers struggle with climate uncertainty, an effective infrastructure adaptation strategy attaches great importance to preventing disasters resulting from rainfall. We propose a decision‐making model to incorporate the probability of rainfall disasters and recommend investing time when evaluating projects related to climate adaptation. We use a hydrological statistical model and economic and technical factors to estimate the expected economic losses in several rainfall disaster scenarios, and the value of the adaptation infrastructures is calculated using a real options pricing approach. Then the decision‐making model is applied to a case study involving a campus rainfall disaster prevention facility at the Central University of Finance and Economics in Beijing, China. We established three submerged scenarios with different rainfall intensities, then we evaluated the premium of holding an option to defer and pointed out the optimal investing time in each scenario. This model is expected to provide guidance for the development of adaptation infrastructure for relatively small areas such as communities and universities. And we proved that using real options‐based approach could provide more managerial flexibility for investors.

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Methodologies for city-scale assessment of renewable energy generation potential to inform strategic energy infrastructure investment

Cited by 43 publications

References 26 publications

RES Implementation in Urban Areas: An Updated Overview

RES Implementation in Urban Areas: An Updated Overview

Estimating the economic potential of PV rooftop systems in South Africa's residential sector: a tale of eight metropolitan cities

A Real Options‐Based Decision‐Making Model for Infrastructure Investment to Prevent Rainstorm Disasters

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