dc.contributor.author | Kozlova, Mariia | |
dc.contributor.author | Fleten, Stein-Erik | |
dc.contributor.author | Hagspiel, Verena | |
dc.date.accessioned | 2021-02-08T10:04:45Z | |
dc.date.available | 2021-02-08T10:04:45Z | |
dc.date.created | 2020-10-09T14:58:30Z | |
dc.date.issued | 2020 | |
dc.identifier.citation | MethodsX. 2020, 7 . | en_US |
dc.identifier.issn | 2215-0161 | |
dc.identifier.uri | https://hdl.handle.net/11250/2726569 | |
dc.description.abstract | This article presents a stylized renewable energy (RE) investment project profitability analysis under a rate-of-return RE support type. We use a dynamic programming approach to value the real options. While the method is widely used in RE policy analysis, the rate-of-return support is presented in this framework for the first time. We formulate a stylized RE project under the rate-of-return regulation in the dynamic programming framework and solve for optimal investment timing and project size.•
A stylized renewable energy (RE) investment under rate-of-return RE support is presented in the dynamic programming framework;
•
The system is solved for optimal capacity choice in the presence of the electricity price uncertainty. We also comment on the optimal investment timing, which turns out to be a now-or-never decision in this case. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Elsevier | en_US |
dc.rights | Navngivelse 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by/4.0/deed.no | * |
dc.title | Optimal timing and capacity choice under the rate-of-return renewable energy support | en_US |
dc.type | Journal article | en_US |
dc.type | Peer reviewed | en_US |
dc.description.version | publishedVersion | en_US |
dc.source.pagenumber | 4 | en_US |
dc.source.volume | 7 | en_US |
dc.source.journal | MethodsX | en_US |
dc.identifier.doi | 10.1016/j.mex.2020.100828 | |
dc.identifier.cristin | 1838519 | |
dc.relation.project | Norges forskningsråd: 268093 | en_US |
cristin.ispublished | true | |
cristin.fulltext | original | |
cristin.qualitycode | 1 | |