Several methods can be employed to evaluate investment in energy production. On one
hand, traditional methods (Net Present Value (NPV) or Internal Rate of Return (IRR), for …

Energy shortage, global warming, and climate change led to an increase in the use of
alternative sources of energy, with renewable energy sources (RES) playing a fundamental …

Renewable energy projects in developing countries should provide clean energy supply as
well as support sustainable economic development. To this end, risks arising from …

Nowadays, there is growing interest in renewable energy (RE) generation projects due to
environmental and sustainability concerns. However, initial costs and uncertainties caused …

Real options (RO) theory is well known for enhancing the value of projects under
uncertainty. This is achieved by modelling the flexibility that managers possess to adjust the …

In response to an increasingly competitive electricity market, with photovoltaic (PV)
technology costs rapidly decreasing and governments incentivizing the development of …

This study examines the feasibility of using a theoretical model and empirical analysis
methods to value renewable energy (RE) investment from perspective of real option analysis …

The global electricity sector is responsible for a large share of greenhouse gas. Renewable
energy (RE) is a feasible alternative to maintain sustainable growth and economic …

Investment appraisal methods based on real options are gaining popularity in academia,
while the adoption by practitioners is still infrequent. Having in mind practitioners, the …

To be useful to project managers, real option analysis (ROA) needs to capture the unique
characteristics of individual projects and, at the same time, remain tractable and intuitive …