Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/15606

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dc.contributor.authorFernandes, Bartolomeu-
dc.contributor.authorCunha, Jorge-
dc.contributor.authorFerreira, Paula Varandas-
dc.date.accessioned2011-12-21T14:20:53Z-
dc.date.available2011-12-21T14:20:53Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/1822/15606-
dc.description.abstractRenewable energy sources (RES) emerge as a necessary condition to achieve sustainable development. Traditional evaluation models relying mainly on discounted cash-flows fail to assess the strategic dimension of the investments in RES and do not allow for properly dealing with the risk and uncertainty of these particular projects. The diffusion of the renewable energy technologies are also affected by this features, so, the way investors evaluate their investments call for the use of more sophisticated evaluation techniques. Real options theory (ROT), gives the investor the ability to account for the value inherent in the flexibility to delay an irreversible investment into the future. This paper presents an application of the ROT to a photovoltaic investment project for the particular case of the Portuguese electricity market conditions. Special attention is given to the combination of learning curves and ROT aiming to provide a new approach to the sustainable development and diffusion possibilities of renewable energy technologies.por
dc.description.sponsorshipThis work was financed by: the QREN – Operational Programme for Competitiveness Factors, the European Union – European Regional Development Fund and National Funds- Portuguese Foundation for Science and Technology, under Project FCOMP-01-0124-FEDER-011377 and Project Pest-OE/EME/UI0252/2011.por
dc.language.isoengpor
dc.rightsopenAccesspor
dc.subjectReal optionspor
dc.subjectProject evaluationpor
dc.titleEvaluation of RES projects for electricity generationpor
dc.typeconferencePaper-
dc.peerreviewedyespor
sdum.publicationstatuspublishedpor
oaire.citationConferenceDate25 - 29 Set. 2011por
oaire.citationConferencePlaceDubrovnik, Croáciapor
oaire.citationTitleDubrovnik Conference on Sustainable Development of Energy, Water and Environment Systemspor
sdum.conferencePublicationDubrovnik Conference on Sustainable Development of Energy, Water and Environment Systemspor
Appears in Collections:CGIT - Publicações em actas de encontros científicos / Papers in conference proceedings
CITEPE - Publicações em actas de encontros científicos / Papers in conference proceedings

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