The risk analysis of wind energy investments in Turkey

Sezi Cevik Onar; Tuba Nur Kilavuz

The risk analysis of wind energy investments in Turkey

Sezi Cevik Onar
, Tuba Nur Kilavuz

Department of Industrial Engineering

Istanbul Technical University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-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 language	English
Title of host publication	Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013
Pages	511-517
Number of pages	7
Publication status	Published - 2013
Event	4th International Conference on Risk Analysis and Crisis Response, RACR 2013 - Istanbul, Turkey Duration: 27 Aug 2013 → 29 Aug 2013

Publication series

Name	Intelligent 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

Conference	4th International Conference on Risk Analysis and Crisis Response, RACR 2013
Country/Territory	Turkey
City	Istanbul
Period	27/08/13 → 29/08/13

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Cite this

Onar, S. C., & Kilavuz, T. N. (2013). The risk analysis of wind energy investments in Turkey. In Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013 (pp. 511-517). (Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013).

Onar, Sezi Cevik ; Kilavuz, Tuba Nur. / The risk analysis of wind energy investments in Turkey. Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013. 2013. pp. 511-517 (Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013).

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title = "The risk analysis of wind energy investments in Turkey",

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.",

author = "Onar, \{Sezi Cevik\} and Kilavuz, \{Tuba Nur\}",

year = "2013",

language = "English",

isbn = "9781138000193",

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

pages = "511--517",

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

note = "4th International Conference on Risk Analysis and Crisis Response, RACR 2013 ; Conference date: 27-08-2013 Through 29-08-2013",

}

Onar, SC & Kilavuz, TN 2013, The risk analysis of wind energy investments in Turkey. in Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013. Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013, pp. 511-517, 4th International Conference on Risk Analysis and Crisis Response, RACR 2013, Istanbul, Turkey, 27/08/13.

The risk analysis of wind energy investments in Turkey. / Onar, Sezi Cevik; Kilavuz, Tuba Nur.
Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013. 2013. p. 511-517 (Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - The risk analysis of wind energy investments in Turkey

AU - Onar, Sezi Cevik

AU - Kilavuz, Tuba Nur

PY - 2013

Y1 - 2013

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/84887947025

M3 - Conference contribution

AN - SCOPUS:84887947025

SN - 9781138000193

T3 - Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013

SP - 511

EP - 517

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

T2 - 4th International Conference on Risk Analysis and Crisis Response, RACR 2013

Y2 - 27 August 2013 through 29 August 2013

ER -

Onar SC, Kilavuz TN. The risk analysis of wind energy investments in Turkey. In Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013. 2013. p. 511-517. (Intelligent Systems and Decision Making for Risk Analysis and Crisis Response - Proceedings of the 4th International Conference on Risk Analysis and Crisis Response, RACR 2013).

The risk analysis of wind energy investments in Turkey

Abstract

Publication series

Conference

UN SDGs

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