Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.02.048 |
Risk-based analysis and policy implications for renewable energy investments in Greece | |
Angelopoulos, Dimitrios; Doukas, Harts; Psarras, John; Stamtsis, Giorgos | |
2017-06-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 105 |
文章类型 | Article |
语种 | 英语 |
国家 | Greece |
英文摘要 | Significant renewable energy (RE) investments have to be implemented in order to achieve the ambitious RE targets set in the EU for 2020 and beyond. Moreover, a great amount of capital has to be leveraged, as these projects are followed by high investment and financing costs. Main aim of this paper is the provision of a comprehensive assessment of the existing risk elements of RE investments in relation to the respective policies and the evaluation of their impact on the weighted average cost of capital (WACC) in Greece. A consultation procedure with key national energy stakeholders took also place, including policy makers, project developers, investors, equity providers, bankers and energy analysts in the Greek RE market, in order to provide a validation of the respective results. It has been concluded that the policy design risk represents the risk element with the greatest impact on the cost of capital and, thus, the level of RE investments' deployment. Based on the cost of capital valuation process followed, the WACC was estimated to reach approximately 12% for onshore wind and little lower values for solar PV projects in Greece. |
英文关键词 | Policy risk Onshore wind Solar PV Weighted average cost of capital Energy policy Greece |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000400532900049 |
WOS关键词 | IN TARIFF INCENTIVES ; CONCEPTUAL-FRAMEWORK ; SUPPORT POLICIES ; LEVELIZED COST ; SOLAR PV ; ELECTRICITY ; GERMANY ; MARKET ; POWER ; WIND |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/17959 |
专题 | 气候变化 |
作者单位 | Natl Tech Univ Athens, Sch Elect & Comp Engn, EPU NTUA, Decis Support Syst Lab, 9 Iroon Polytech Str, Athens 15773, Greece |
推荐引用方式 GB/T 7714 | Angelopoulos, Dimitrios,Doukas, Harts,Psarras, John,et al. Risk-based analysis and policy implications for renewable energy investments in Greece[J]. ENERGY POLICY,2017,105. |
APA | Angelopoulos, Dimitrios,Doukas, Harts,Psarras, John,&Stamtsis, Giorgos.(2017).Risk-based analysis and policy implications for renewable energy investments in Greece.ENERGY POLICY,105. |
MLA | Angelopoulos, Dimitrios,et al."Risk-based analysis and policy implications for renewable energy investments in Greece".ENERGY POLICY 105(2017). |
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