Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines
<span>With the continuously rising energy demand and much dependence on imported fossil fuels, the Philippines is developing more sustainable sources of energy. Renewable energy seems to be a better alternative solution to meet the country’s energy supply and security concerns. Despite its hug...
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| Format: | Article |
| Language: | English |
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Academy Publishing Center
2017-12-01
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| Series: | Renewable Energy and Sustainable Development |
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| Online Access: | http://apc.aast.edu/ojs/index.php/RESD/article/view/251 |
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| author | Casper Boongaling Agaton |
| author_facet | Casper Boongaling Agaton |
| author_sort | Casper Boongaling Agaton |
| collection | DOAJ |
| description | <span>With the continuously rising energy demand and much dependence on imported fossil fuels, the Philippines is developing more sustainable sources of energy. Renewable energy seems to be a better alternative solution to meet the country’s energy supply and security concerns. Despite its huge potential, investment in renewable energy sources is challenged with competitive prices of fossil fuels, high start-up cost for renewables, and lower feed-in-tariff rates for renewables. To address these problems, this study aims to analyze energy investment scenarios in the Philippines using real options approach. This compares the attractiveness of investing in renewable energy over continue using coal for electricity generation under uncertainties in coal prices, investments cost, electricity prices, growth of investment in renewables, and imposing carbon tax for using fossil fuels.<span> </span><span> </span></span> |
| format | Article |
| id | doaj-art-e859c2c088ab4c42ba0c661723dba3dd |
| institution | Kabale University |
| issn | 2356-8518 2356-8569 |
| language | English |
| publishDate | 2017-12-01 |
| publisher | Academy Publishing Center |
| record_format | Article |
| series | Renewable Energy and Sustainable Development |
| spelling | doaj-art-e859c2c088ab4c42ba0c661723dba3dd2025-08-20T03:28:47ZengAcademy Publishing CenterRenewable Energy and Sustainable Development2356-85182356-85692017-12-013328429210.21622/resd.2017.03.3.284124Real Options Analysis of Renewable Energy Investment Scenarios in the PhilippinesCasper Boongaling Agaton0Institute of Development Research and Development Policy, Ruhr University of Bochum<span>With the continuously rising energy demand and much dependence on imported fossil fuels, the Philippines is developing more sustainable sources of energy. Renewable energy seems to be a better alternative solution to meet the country’s energy supply and security concerns. Despite its huge potential, investment in renewable energy sources is challenged with competitive prices of fossil fuels, high start-up cost for renewables, and lower feed-in-tariff rates for renewables. To address these problems, this study aims to analyze energy investment scenarios in the Philippines using real options approach. This compares the attractiveness of investing in renewable energy over continue using coal for electricity generation under uncertainties in coal prices, investments cost, electricity prices, growth of investment in renewables, and imposing carbon tax for using fossil fuels.<span> </span><span> </span></span>http://apc.aast.edu/ojs/index.php/RESD/article/view/251real options approachinvestment under uncertaintydynamic optimizationrenewable energy |
| spellingShingle | Casper Boongaling Agaton Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines Renewable Energy and Sustainable Development real options approach investment under uncertainty dynamic optimization renewable energy |
| title | Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines |
| title_full | Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines |
| title_fullStr | Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines |
| title_full_unstemmed | Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines |
| title_short | Real Options Analysis of Renewable Energy Investment Scenarios in the Philippines |
| title_sort | real options analysis of renewable energy investment scenarios in the philippines |
| topic | real options approach investment under uncertainty dynamic optimization renewable energy |
| url | http://apc.aast.edu/ojs/index.php/RESD/article/view/251 |
| work_keys_str_mv | AT casperboongalingagaton realoptionsanalysisofrenewableenergyinvestmentscenariosinthephilippines |