• Green electricity investment timing in practice: Real options or net present value? 

      Fleten, Stein-Erik; Linnerud, Kristin; Molnar, Peter; Nygård, Maria Tandberg (Journal article; Peer reviewed, 2016)
      Using data from 214 hydropower projects in Norway we study whether investors in renewable energy projects exert discretion about the timing of investment decisions. We know from interviews with these investors that they ...
    • Investment in hydropower plants under uncertainty 

      Nygård, Maria Tandberg (Master thesis, 2013)
      Investment in renewable energy production in Norway is since the 1st of January 2012 granted subsidies through a market for elcertificates common with Sweden. The underlying purpose is to reach the Norwegian and Swedish ...
    • The overnight risk premium in electricity forward contracts 

      Fleten, Stein-Erik; Hagen, Liv Aune; Nygård, Maria Tandberg; Smith-Sivertsen, Ragnhild Brita; Sollie, Johan Magne (Journal article; Peer reviewed, 2015)
      We analyze the risk premium on electricity forward contracts traded for the Nordic and German/Austrian electricity markets. We argue that finding risk premiums by analyzing overnight returns is more relevant than the ...