Wind energy investments facing uncertainties in the Brazilian electricity spot market: A real options approach

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dc.contributor.authorAquila G.
dc.contributor.authorde Queiroz A.R.
dc.contributor.authorBalestrassi P.P.
dc.contributor.authorRotella Junior P.
dc.contributor.authorRocha L.C.S.
dc.contributor.authorPamplona E.O.
dc.contributor.authorNakamura W.T.
dc.date.accessioned2024-03-12T23:45:50Z
dc.date.available2024-03-12T23:45:50Z
dc.date.issued2020
dc.description.abstract© 2020 Elsevier LtdThis study proposes a Real Options approach to investigate the economic feasibility of a wind power plant investment with the option of abandoning along the project life cycle. This novel approach considers uncertainties representation concerning electricity sales revenue in the spot market, and the uncertainty represented by the settlements of energy trading differences. Our results show that when considering these uncertainties, the abandonment option adds 30.3% to the value of the project, and the chance of not abandoning it until the end of the useful life is equal to 70.9%.
dc.description.volume42
dc.identifier.doi10.1016/j.seta.2020.100876
dc.identifier.issn2213-1388
dc.identifier.urihttps://dspace.mackenzie.br/handle/10899/34861
dc.relation.ispartofSustainable Energy Technologies and Assessments
dc.rightsAcesso Restrito
dc.subject.otherlanguageElectricity spot market
dc.subject.otherlanguageInvestment analysis
dc.subject.otherlanguageMean reversion with jumps
dc.subject.otherlanguageReal options
dc.subject.otherlanguageWind power generation
dc.titleWind energy investments facing uncertainties in the Brazilian electricity spot market: A real options approach
dc.typeArtigo
local.scopus.citations22
local.scopus.eid2-s2.0-85093981217
local.scopus.subjectEconomic feasibilities
local.scopus.subjectElectricity sales
local.scopus.subjectElectricity spot market
local.scopus.subjectEnergy investments
local.scopus.subjectEnergy trading
local.scopus.subjectProject life cycle
local.scopus.subjectReal options approach
local.scopus.subjectUseful life
local.scopus.updated2024-05-01
local.scopus.urlhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85093981217&origin=inward
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