کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7400852 1481271 2015 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The value of delay in tidal energy development
ترجمه فارسی عنوان
ارزش تاخیر در توسعه انرژی جزر و مد
کلمات کلیدی
گزینه واقعی برای تاخیر. توسعه انرژی جزر و مد، خلیج فندی،
موضوعات مرتبط
مهندسی و علوم پایه مهندسی انرژی مهندسی انرژی و فناوری های برق
چکیده انگلیسی
Despite robust research, prototype development and demonstration of in-stream tidal energy devices, progress to the commercialization stage has been slow. Some of this can be attributed to a lack readiness or financing. However, when uncertainty is high, a developer may choose to delay a project until more is known. The option to delay has value for a company. This study applies the real option valuation model to an investment in a 10 MW array of in-stream tidal energy conversion devices at the Fundy Ocean Research Centre for Energy (FORCE) in the Bay of Fundy, Nova Scotia, Canada. The values of investing and the option to delay are calculated. A sensitivity analysis of key drivers and scenarios with various input values to the option model are constructed to observe the impact on the 'invest versus delay' decision. The analysis suggests there is value in owning the option to develop, by leasing a FORCE berth, but waiting while uncertainty is resolved. Implications for policy-setting are discussed.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Energy Policy - Volume 87, December 2015, Pages 438-446
نویسندگان
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