Project financing in nuclear new build, why not? The legal and regulatory barriers

Sainati, Tristano; Locatelli, Giorgio; Smith, N. J. T.

doi:10.1016/j.enpol.2019.01.068

Cited by 32 publications

(14 citation statements)

References 43 publications

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“…Project Financing Project financing is a method used to raise investment project funds. The financing method constructed via the Special Purpose Vehicle (SPV) refers to obtaining financing via SPV that specializes in new investment project operations; uses rights, natural resources, or other assets as collateral; and repays the loans from the project's income (Sainati et al, 2019). The future income of the project is regarded as the main source of funds to repay the loan.…”

Section: 1mentioning

confidence: 99%

A Study of Project Financing on the Defense Industry in Systems Thinking Perspective

Liu¹,

Wang²,

Fang³

et al. 2021

Journal of Applied Finance &Amp; Banking

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Taiwan has long faced the threat of force from mainland China. Since Taiwan has limited defense industry autonomy, it has insufficient self-produced weapons and must rely on foreign weapon procurement for defense preparation. As a result, Taiwan ranks among the top 10 U.S. arms sales and exports destination due to the large quantity of armaments purchased. An autonomous defense industry capability covers three aspects: independent R&D, production, and formation of the weapon industry chain. Due to the high complexity, strong integration, large capital investment, high technology threshold, and long payback period characteristics of the defense industry; promoting exchanges between the defense industry and private enterprises can effectively bolster economic development and enhance the country’s industrial competitiveness in addition to upgrading its advanced technologies. In addition to the overall government planning and policy promotion, the defense industry also requires private sector participation. However, private manufacturers generally have insufficient financial resources and often need to obtain the necessary funds via project financing. So project financing plays a critical role to the defense industry development. There are numerous consideration factors for project financing and the defense industry. Such factors influence each other, and are correlated and interlinked. All aspects must be considered from a holistic and structural system perspective. But there is a dearth of literature focusing on the research of the defense industry and project financing from a systematic perspective. Therefore, the researcher of this study employed the system dynamics methodology and used system thinking to construct a qualitative system dynamic analysis model for Taiwan's defense industry and project financing system. The goal is to provide reference for countries that desire to develop their own national defense industry. Keywords: Defense industry, Project financing, System dynamics, System thinking.

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Section: 1mentioning

confidence: 99%

A Study of Project Financing on the Defense Industry in Systems Thinking Perspective

Liu¹,

Wang²,

Fang³

et al. 2021

Journal of Applied Finance &Amp; Banking

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“…The situation changed after the disaster at Japan's Fukushima Dai Ichi power plant, after which Germany announced the decommissioning of its nuclear units by 2022. This led to a global freeze of nuclear projects, including in Poland [38]. Recently, the discourse of nuclear revival is visible in official documents issued by the Polish government [39].…”

Section: Diversified Scenario With Nuclear Energymentioning

confidence: 99%

Evaluation of Energy Transition Scenarios in Poland

Kochanek

2021

Energies

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Long-term energy scenarios form the basis of energy policy-making. In practice, the use of energy scenarios for the effective creation of energy policy differs in each country. Therefore, the aim of this study is to present two possible scenarios for the development of the Polish energy sector, resulting from the current national policy and international commitments of Poland. The study examined the development of the energy mix in Poland in the 2040 perspective, in accordance with the strategic document Energy Policy of Poland (PEP 2040). The analysis took into account four diagnostic features: electricity production, electricity price, the share of renewable energy sources (RES) in final energy consumption, and CO2 emission reduction. In addition, the analysis allowed for the presentation of the implications for the Polish economy and society after the application of the diversified variant with nuclear energy and the diversified variant with natural gas. Both scenarios assume too slow development of RES, and the ambivalent attitude of the Polish political elite towards zero-emission energy sources significantly hinders the development of some of its forms (e.g., onshore wind energy). Unfortunately, both the first and second variants entail a large increase in electricity prices, which will affect the entire economy and increase the level of energy poverty among Poles. The study provides strategic insights on the consequences of Poland’s choice of a specific energy transformation scenario. The results may serve as a starting point for understanding Poland’s restraint towards achieving zero emissions and contribute to the discussion of the direction of development of the Polish energy sector.

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“…Locatelli (2018) reviews the critical aspects for the successful planning and delivery of a nuclear programme, concluding that the standardisation of the design and supply chain availability is essential. Sainati et al (2019) discuss the critical role of regulations as a barrier to project financing.…”

Section: The Vast Project Management Research On Success Factorsmentioning

confidence: 99%

Characterising nuclear decommissioning projects: an investigation of the project characteristics that affect the project performance

Invernizzi

Locatelli

Brookes

2020

Construction Management and Economics

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Project financing in nuclear new build, why not? The legal and regulatory barriers

Cited by 32 publications

References 43 publications

A Study of Project Financing on the Defense Industry in Systems Thinking Perspective

A Study of Project Financing on the Defense Industry in Systems Thinking Perspective

Evaluation of Energy Transition Scenarios in Poland

Characterising nuclear decommissioning projects: an investigation of the project characteristics that affect the project performance

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