| dc.contributor.author |
Gonzalez, AO |
en |
| dc.contributor.author |
Karali, B |
en |
| dc.contributor.author |
Wetzstein, ME |
en |
| dc.date.accessioned |
2014-06-06T06:51:35Z |
|
| dc.date.available |
2014-06-06T06:51:35Z |
|
| dc.date.issued |
2012 |
en |
| dc.identifier.issn |
03014215 |
en |
| dc.identifier.uri |
http://dx.doi.org/10.1016/j.enpol.2012.08.048 |
en |
| dc.identifier.uri |
http://62.217.125.90/xmlui/handle/123456789/5583 |
|
| dc.subject |
Ethanol |
en |
| dc.subject |
Net present value |
en |
| dc.subject |
Real options |
en |
| dc.subject.other |
Bio-energy |
en |
| dc.subject.other |
Ethanol plants |
en |
| dc.subject.other |
Government loans |
en |
| dc.subject.other |
Investment decisions |
en |
| dc.subject.other |
Net present value |
en |
| dc.subject.other |
Real Options |
en |
| dc.subject.other |
Real options analysis |
en |
| dc.subject.other |
Renewable energies |
en |
| dc.subject.other |
Renewable energy plants |
en |
| dc.subject.other |
Root cause |
en |
| dc.subject.other |
Ethanol |
en |
| dc.subject.other |
Investments |
en |
| dc.subject.other |
bioenergy |
en |
| dc.subject.other |
energy policy |
en |
| dc.subject.other |
ethanol |
en |
| dc.subject.other |
investment |
en |
| dc.subject.other |
renewable resource |
en |
| dc.subject.other |
subsidy system |
en |
| dc.subject.other |
Nucleopolyhedrovirus |
en |
| dc.title |
A public policy aid for bioenergy investment: Case study of failed plants |
en |
| heal.type |
journalArticle |
en |
| heal.identifier.primary |
10.1016/j.enpol.2012.08.048 |
en |
| heal.publicationDate |
2012 |
en |
| heal.abstract |
Recent failures of renewable energy plants have raised concerns regarding government's role in providing credit subsidies and have harmed the long-run development of renewable energy. The major reason for these failures lies in government loan appraisers not having a model that addresses these root causes and instead relying on traditional net present value (NPV) analysis. What is required is a model representing entrepreneurs' investment decision processes when faced with uncertainty, irreversibility, and flexibility that characterize renewable energy investments. The aim is to develop such a model with a real options analysis (ROA) criterion as the foundation. A case study comparing NPV with ROA decisions for 50 and 100 million gallon ethanol plants is used as a basis for future development of a template government loan appraisers can use for evaluating the feasibility of renewable energy investments. © 2012 Elsevier Ltd. |
en |
| heal.journalName |
Energy Policy |
en |
| dc.identifier.volume |
51 |
en |
| dc.identifier.doi |
10.1016/j.enpol.2012.08.048 |
en |
| dc.identifier.spage |
465 |
en |
| dc.identifier.epage |
473 |
en |