• Initiative -
  • Type KAPSARC journal article
  • Date 1 April 2017
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Abstract

This paper assesses the cost effectiveness of wind energy policy options by using a cost–benefit analysis approach. In comparison with other studies, the main contribution of this paper is the use of real financial and operational information of 318 wind projects in Spain between 2006 and 2013. The projects represent 83% of total new wind capacity additions in Spain during the 2006–2013 period. Under real market conditions, it is found that the most cost effective option for promoting wind energy development from the government perspective is to use an investment credit policy given the capital intensive nature of wind technology. The analysis shows that an investment credit yields similar results as other policy options like feed-in tariffs and feed-in premiums, but at a cheaper cost and with less risk to the taxpayers or electricity consumers because costs do not fluctuate with electricity market prices. © 2016 The Authors

http://www.sciencedirect.com/science/article/pii/S0960148116309636

Renewable Energy

Authors

Patrick Bean

Patrick Bean

Jorge Blazquez

Jorge Blazquez

Former Research Fellow Jorge is a former research fellow specializing in energy and economics, with research interests in energy and macroeconomics, energy policies… Jorge is a former research fellow specializing in energy and economics, with research interests in energy and macroeconomics, energy policies and transitions.

Nora Nezamuddin

Senior Research Associate Nora is a Senior research associate currently working on assessing the current and future status of freight transportation in the… Nora is a Senior research associate currently working on assessing the current and future status of freight transportation in the Kingdom of Saudi Arabia from a global and local perspective and understanding the energy demand in freight movement in India. She has also worked on renewable transitions policy and costs and their effect on electricity markets.

Expertise

  • Transport economics
  • Freight transport
  • Energy policies
  • Transport policy
  • Transitions policy and trade
  • Energy in transport

Publications See all Nora Nezamuddin’s publications

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