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| DOI | 10.1016/j.enpol.2020.111916 |
| Using real options to value capacity additions and investment expenditures in renewable energies in India | |
| Das Gupta S. | |
| 发表日期 | 2021 |
| ISSN | 03014215 |
| 卷号 | 148 |
| 英文摘要 | We calculate the overall policy value of installed capacity additions and investment expenditures in wind and solar energies in India. Recent increases in capacity additions and investments by both the public and private sectors along with government support schemes have made these energies more competitive with traditional fuels like coal in generating electricity. We use a two-factor learning curve to model the decline in prices of wind and solar energies. Employing a real options approach with global coal prices as the stochastic variable we find the overall value of promotion policies in renewables to be sufficiently large. The trigger price of coal for investment in renewable energies today for electricity generation suggest early to immediate deployment of additional wind and solar technologies as the optimal policy. With the option to deploy for a longer time horizon, continuing with promotion policies of capacity additions and investment expenditures in renewables is more valuable at high global coal prices. © 2020 Elsevier Ltd |
| 关键词 | CoalIndia ElectricityInstalled CapacitiesInvestment ExpendituresReal OptionsWind and Solar |
| 英文关键词 | Coal; Coal industry; Costs; Electric power generation; Solar energy; Stochastic systems; Capacity additions; Electricity generation; Government supports; Installed capacity; Public and private sector; Real options approach; Renewable energies; Stochastic variable; Investments; alternative energy; coal trade; electricity generation; energy market; energy policy; investment; policy implementation; renewable resource; solar power; wind power; India |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/205069 |
| 作者单位 | Universidad de Guanajuato, Guanajuato, Mexico; Ahmedabad University, Ahmedabad, India |
| 推荐引用方式 GB/T 7714 | Das Gupta S.. Using real options to value capacity additions and investment expenditures in renewable energies in India[J],2021,148. |
| APA | Das Gupta S..(2021).Using real options to value capacity additions and investment expenditures in renewable energies in India.Energy Policy,148. |
| MLA | Das Gupta S.."Using real options to value capacity additions and investment expenditures in renewable energies in India".Energy Policy 148(2021). |
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