Wind power is the most important renewable energy source in many countries today, characterized by a rapid and extensive diffusion since the 1990s. However, it has also triggered much debate with regard to the impact on landscape and vista. Therefore, siting processes of wind farm projects are...

In this paper we investigate the value of capture-readiness by modeling the cost effectiveness of various alternative technological options and focusing on different cleancoal technology pathways. The modeling framework developed is based on stochastic net present value calculations. It allows...

We compare two tradable permit markets in their ability to meet a safety first environmental target at least cost when some polluters have stochastic, correlated, and non-measurable emissions. In both markets, the point source permit defines the allowable level of the observed (deterministic)...

Biorefineries, especially if based on woody biomass, may cause significant changes to the forest and wood-based industry. The resulting changes may, in turn, affect the economic feasibility of lignocellulosic biofuels production. In this article, we introduce a spatial partial equilibrium model...

The EU Emissions Trading Scheme challenges the cost-competitiveness of energy-intensive industries in Europe, and induces them to search for low-carbon alternatives for their process heat requirements, such as cogeneration or the employment of nuclear power plants. The high-temperature nuclear...

In this paper, we design and evaluate eight different strategies for hedging commodity price risks of industrial cogeneration plants. Price developments are parameterized based on EEX data from 2008-2011. The probability distributions derived are used to determine the value-at-risk (VaR) of the...

The Russian Energy Service Company (ESCO) market emerges rapidly due to the new energy efficiency legislation that has been implemented since 2009. However, a clear identification of the Russian ESCOs, comparable to those operating in the Western markets, remains rather difficult. Hence, aside...

This paper provides an in-depth analysis of investment decisions and shifts related to onshore and offshore wind power supply chains. Insights about cost reductions are generated from analyzing project financing data, using a 'European learning curve' derived from a European learning system. In...

In this paper we start off by reviewing the literature on how to extend the meanvariance portfolio model to multi-stage portfolio problems. We then apply a multiperiod portfolio selection model to power generation assets, which is based on a reallocation methodology with scenario tree. Two...

For more than 20 years now, wind power has been one of the main renewable energy sources, especially in countries like Denmark, one of the pioneer countries in developing onshore wind turbines. Whereas offshore wind utilization still has a high risk profile the repowering of wind converter...