Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2019.05.011 |
Estimating the cost of capital for wind energy investments in Turkey | |
Tagliapietra, Simone1,2,3; Zachmann, Georg1; Fredriksson, Gustav4,5 | |
2019-08-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 131页码:295-301 |
文章类型 | Article |
语种 | 英语 |
国家 | Belgium; Italy; Switzerland |
英文摘要 | Wind power represents a key component of Turkey's energy strategy. Increased investment will be required to meet Turkey's wind power target and, as such, there is a need to understand the viability of wind power projec ts there. The cost of capital is a crucial element in wind power investment decisions owing to the high capital intensity of wind power plants. A reduction in the cost of capital through support policies can lower overall project costs and increase investment. We estimate the cost of capital for wind power projects in Turkey using data on 138 installations that participated in the Turkish feed-in tariff scheme in 2017. Our estimates indicate an upper bound of 12% for the cost of capital. This suggests the cost of capital for wind power projects in Turkey is not higher than in south-eastern European Union countries. However, because of adverse macroeconomic conditions, the cost of Turkey's main renewable support scheme increased by 46% between 2016 and 2017 in Turkish lira terms. We argue that continued commitment to the current support schemes by the Turkish authorities is crucial for the development of the Turkish wind power sector. |
英文关键词 | Wind power Turkey Cost of capital Renewable energy |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000472125200025 |
WOS关键词 | RENEWABLE ENERGY ; POWER |
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/185537 |
专题 | 气候变化 |
作者单位 | 1.Bruegel, Rue Charite 33, B-1210 Brussels, Belgium; 2.Fdn Eni Enrico Mattei, Corso Magenta 63, I-20123 Milan, Italy; 3.Johns Hopkins Univ, SAIS Europe, Via Andreatta 3, I-40126 Bologna, Italy; 4.Swiss Fed Inst Technol, Dept Management Technol & Econ, Zurich, Switzerland; 5.CER ETH, CEPE, Zurich, Switzerland |
推荐引用方式 GB/T 7714 | Tagliapietra, Simone,Zachmann, Georg,Fredriksson, Gustav. Estimating the cost of capital for wind energy investments in Turkey[J]. ENERGY POLICY,2019,131:295-301. |
APA | Tagliapietra, Simone,Zachmann, Georg,&Fredriksson, Gustav.(2019).Estimating the cost of capital for wind energy investments in Turkey.ENERGY POLICY,131,295-301. |
MLA | Tagliapietra, Simone,et al."Estimating the cost of capital for wind energy investments in Turkey".ENERGY POLICY 131(2019):295-301. |
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