Energy consumption is constantly on the increase all over the world. Especially fast-growing economies in emerging countries contribute to this increase. In addition, the climate change effects of greenhouse gas emissions are becoming more and more evident. Today it has become necessary to expand renewable energies, and offshore wind energy in particular to emerging countries. We provide decision support for assessing projects and general financial conditions, respectively.
To that end, research artifacts are constructed and evaluated according to the design science research (DSR) principles. A discounted cash flow (DCF) model in combination with a Monte Carlo simulation (MCS) to consider critical project risks forms the basis of our decision support system (DSS). The applicability of the DSS is evaluated with an offshore wind project inBrazil. According to Green information systems (IS), our DSS contributes to economic sustainability.
Energy consumption is constantly on the increase all over the world. Especially fast-growing economies in emerging countries contribute to this increase. Governments need to promote the expansion of renewable energies in these countries by providing adequate general conditions and suitable support schemes. We provide decision support for the assessment of wind energy projects and their financial conditions. Following design science research (DSR) principles, a discounted cash flow (DCF) model in combination with a Monte Carlo simulation (MCS) to consider project risks was created. On this basis, a decision support system (DSS) was implemented in MATLAB. The applicability of the DSS is evaluated in the course of an analysis of onshore wind projects in Mexico. Based on the analysis' results, a concept of a support scheme is designed to promote an expansion of onshore wind energy across Mexico.
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