The risk analysis of wind energy investments in Turkey

Sezi Cevik Onar, Tuba Nur Kilavuz

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Wind energy is a reliable source for fulfilling the energy demand but due to the investment risks such as the uncertainties in energy prices, climate changes the wind power usage remains limited. Governments' support on renewable energy compensates these risks partially. Traditional investment evaluation techniques that do not consider the compensations and risks associated with the wind energy investments, are one of the main reasons for the limited usage of wind power. In this study a real option and Monte Carlo simulation based methodology which considers both risks and compensations associated with these investments is proposed to evaluate wind energy investments.

Original languageEnglish
Title of host publicationIntelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013
Pages511-517
Number of pages7
Publication statusPublished - 2013
Event4th International Conference on Risk Analysis and Crisis Response, RACR 2013 - Istanbul, Turkey
Duration: 27 Aug 201329 Aug 2013

Publication series

NameIntelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013

Conference

Conference4th International Conference on Risk Analysis and Crisis Response, RACR 2013
Country/TerritoryTurkey
CityIstanbul
Period27/08/1329/08/13

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