文章基本信息

标题：Optimal timing and capacity choice under the rate-of-return renewable energy support
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作者：Mariia Kozlova ; Stein-Erik Fleten ; Verena Hagspiel 等
期刊名称：MethodsX
印刷版ISSN：2215-0161
电子版ISSN：2215-0161
出版年度：2020
卷号：7
页码：1-4
DOI：10.1016/j.mex.2020.100828
语种：English
出版社：Elsevier
摘要：AbstractThis article presents a stylized renewable energy (RE) investment project profitability analysis under a rate-of-return RE support type. We use a dynamic programming approach to value the real options. While the method is widely used in RE policy analysis, the rate-of-return support is presented in this framework for the first time. We formulate a stylized RE project under the rate-of-return regulation in the dynamic programming framework and solve for optimal investment timing and project size.•A stylized renewable energy (RE) investment under rate-of-return RE support is presented in the dynamic programming framework;•The system is solved for optimal capacity choice in the presence of the electricity price uncertainty. We also comment on the optimal investment timing, which turns out to be a now-or-never decision in this case.Graphical abstractDisplay Omitted
关键词：Dynamic programming;Real options;Renewable energy policy;Investment timing;Capacity choice