![]() ![]() Journal of Economic Dynamics and Control, 19, 1471-1488. Investment under alternative return assumptions: Comparing random walks and mean reversion. GLOBAL WIND REPORT – ANNUAL MARKET UPDATE. THE EUROPEAN WIND ENERGY ASSOCIATION, February. Wind in power 2015 – European statistics. Probability in the Engineering and Information Sciences, 17(2), 155-182. Incorporating operational characteristics and startup costs in option-based valuation of power generation capacity. Optimizing the level of renewable electric R and D expenditures using real options analysis. 34-49), Oxford University Press, New York. Trigeorgis, eds., Project Flexibility, Agency and Competition: New Developments in the Theory of Real Options (pp. Investment in flexible technologies under uncertainty. Renewable and Sustainable Energy Reviews, 13(6-7), 1372-1382. Overview of the main RES – E support schemes for wind energy in the EU-27 Member States, September 2008. The impact of Tax Risk and Persistence on Investment Decisions. The authors select a variety of data for the wind energy industry from different countries in several continents, and also create a model for the investment analysis in this entrepreneurial sector. ![]() The authors consider about the factors of the time for investment and the electricity’s price level, in wind energy by using the real options theory. ![]() In this paper, we try to find the optimal investment strategy in a liberalized global electricity market, where the price of electricity is uncertain while the other parameters are configured separately in each country. The main types of uncertainty, concerning the wind energy sector, include uncertainties related to the price of electriticity by RES, the public policy regulatory policies, the demand, the initial capital costs, the technological progress, the weather conditions, the political and economical situations and generally the RES market structure. Many researchers have point out restrictions for the first one, in cases of uncertainty in the entrepreneurial environment. This process can be supported by both the discounted cash flow analysis and the real options analysis. Investment analysis is a crucial process for any investment’s success. ![]()
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