Managing renewable energy production risk

Hain, Martin; Schermeyer, Hans; Uhrig‐Homburg, Marliese; Fïchtner, Wolf

doi:10.1016/j.jbankfin.2018.09.001

Cited by 35 publications

(23 citation statements)

References 31 publications

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“…Second, recent changes to the subsidy system to pay for the production of renewable electricity have altered the current fixed price structure with a view to more market-oriented payments. An extra study examined how much risk renewable energy producers would hedge with exchange-traded derivatives through financial risk transfer [15]. As a result of this study, the electricity price model was proposed that is capable of taking into account the distinct effect of weather-dependent renewable generation and the spatial distribution of renewable generation capacities [16].…”

Section: Review Of the Drawbacks Of Cost Underestimationmentioning

confidence: 99%

A Cost Model for PV Based Renewable Energy Projects

Elbayoumi

Ibrahim

2021

JENRR

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The energy from renewable sources had always been perceived as free or at least lower-cost energy, with its sourcing from natural sources such as solar radiation and wind energy. In actual the cost breakdown of renewable energy would exceed that of traditional energy sources in almost all cases. This study attempts to produce a cost model for renewable energy systems. The model takes into account different requirements and site variations into account. In this paper, elements of the cost model Renewable Energy System (RES) especially, photo-voltaic solar systems, have been investigated. Cost items are presented alongside a to-do checklist for the new Photo-Voltaic (PV) solar energy system. The goal of this study is to construct a model that would cover the cost sources as well as bring to attention the unexpected sources of cost variations that include all possible cost items of a new solar renewable energy system. The feasibility of the new system is expressed in terms of Total Cost (T.C) and Cost of Energy (COE). The model can evaluate the feasibility of off-grid as well as on-grid systems. The model investigated properly as well as an empirical analysis and verified through results comparison with reviewed case studies. The results revealed that the cost of off-grid systems is higher than the cost of on-grid systems due to the cost of batteries as well as the cost of standby generators. So, it would be more feasible to use an off-grid system only in remote or isolated areas. Risk Cost lists, ranking and success factors of new renewable projects are exhibited.

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Section: Review Of the Drawbacks Of Cost Underestimationmentioning

confidence: 99%

A Cost Model for PV Based Renewable Energy Projects

Elbayoumi

Ibrahim

2021

JENRR

View full text Add to dashboard Cite

show abstract

“…Second, recent changes to the subsidy system to pay for the production of renewable electricity have altered the current fixed price structure with a view to more market-oriented payments. An extra study examined how much risk renewable energy producers would hedge with exchange-traded derivatives through financial risk transfer [15]. Proposed electricity price model, which is capable of taking into account the distinct effect of weather-dependent renewable generation and the spatial distribution of renewable generation capacities [16].…”

Section: Review Of the Drawbacks Of Cost Underestimationmentioning

confidence: 99%

A Cost Model for PV Based Renewable Energy Projects

Ibrahim

Elbayoumi

2020

Preprint

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The energy from renewable sources had always been perceived as free or at least lower cost energy, with its sourcing from natural sources such as solar radiation and wind energy. In actual the cost breakdown of renewable energy would exceed that of traditional energy sources in almost all cases. This study attempts to produce a cost model for renewable energy systems. The model takes into account different requirements and site variations into account. In this paper; elements of cost model Renewable Energy System (RES) especially photo-voltaic solar systems has been investigated. Cost items are presented alongside a to-do checklist for new Photo-Voltaic (PV) solar energy system. The goal of this study is to construct a model that would cover the cost sources as well as bring into attention the unexpected sources of cost variations that includes all possible cost items of new solar renewable energy system. The feasibility of the new system is expressed in terms of Total Cost (T.C) and Cost of Energy (COE). The model can evaluate feasibility of off-grid as well as on-grid systems. The model investigated properly as well as an empirical analysis and verified through results comparison with reviewed case studies. The results revealed that cost of off-grid systems are higher than cost of on-grid systems due to cost of batteries as well as cost of standby generators. So, it would be more feasible to use off-grid system only in remote or isolated area. Risk Cost lists, ranking and successful factors of new renewable project are exhibited.

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“…Активное расширение возможностей применения солнечной энергетики можно воспринимать как фактор снижения и переменных, и прямых затрат. К тому же, речь идет о сравнительно быстро окупаемых затратах (например, по опыту Германии [7], срок окупаемости среднемощной гелиостанции -около 2 лет).…”

Section: материал и методы исследованияunclassified

Neutralization of Risks From the Use of Alternative Energy Sources

Rodina¹

2019

Вестник Алтайской академии экономики и права

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неЙТраЛиЗаЦиЯ риСКоВ оТ иСПоЛЬЗоВаниЯ аЛЬТернаТиВнЫХ иСТоЧниКоВ ЭнерГии Ключевые слова: альтернативные источники энергии, управление рисками, оценка рисков. Данная статья посвящена проблемам управления рисками использования альтернативных, неисчерпаемых и/или оперативно возобновимых источников энергии. Безусловно, альтернативная энергетика для мировой экономики-это жизненная необходимость в современных условиях возрастания энергозависимости деятельности, но, одновременно, и источник существенных рисков. В этой связи важно выявить и обобщить ключевые риски, связанные с использованием условно-неисчерпаемых и восстановимых источников энергии-солнечного излучения, силы ветра, энергии приливов и отливов, а также образования энергии в процессе переработки биомасс. Автором предлагается система мер нейтрализации для ключевых рисков использования альтернативных источников энергии. При этом учитываются особые экономические и физико-географические условия России в целях альтернативной энергетики. В качестве дополнительного научного результата предлагается структура блиц-оценки рисков использования альтернативных источников энергии с возможностью расчета агрегированных показателей, обосновывающих решения по выбору дополнительных источников энергии. Также полученные результаты оценки направлены на обоснование инвестиций в альтернативную энергетику. Возникают новые стимулы для диверсификации энергетики и снижения уровня информационной неопределенности при принятии решений в этой сфере. Основной акцент необходимо сделать на экологические риски.

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Managing renewable energy production risk

Cited by 35 publications

References 31 publications

A Cost Model for PV Based Renewable Energy Projects

A Cost Model for PV Based Renewable Energy Projects

A Cost Model for PV Based Renewable Energy Projects

Neutralization of Risks From the Use of Alternative Energy Sources

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Managing renewable energy production risk

Cited by 35 publications

References 31 publications

A Cost Model for PV Based Renewable Energy Projects

A Cost Model for PV Based Renewable Energy Projects

A Cost Model for PV&nbsp;Based Renewable Energy Projects

Neutralization of Risks From the Use of Alternative Energy Sources

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Product

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A Cost Model for PV Based Renewable Energy Projects