Valuation of Wind Energy Projects: A Real Options Approach

We address the valuation of an operating wind farm and the finite-lived option to invest in it under different reward/support schemes: a constant feed-in tariff, a premium on top of the electricity market price (either a fixed premium or a variable subsidy such as a renewable obligation certificate...

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Bibliographic Details
Main Authors: Luis M. Abadie, José M. Chamorro
Format: Article
Language:English
Published: MDPI AG 2014-05-01
Series:Energies
Subjects:
Online Access:http://www.mdpi.com/1996-1073/7/5/3218