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2015 | OriginalPaper | Chapter

Renewable Energy Investment Project Evaluation Model Based on Improved Real Option

Authors : Chun-yan Dai, Yi-xian Wang, Dong Li, Yan-ling Zhou

Published in: Low-carbon City and New-type Urbanization

Publisher: Springer Berlin Heidelberg

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Abstract

This study constructed a real option valuation model that the risk could be adjustable based on the characteristics of renewable energy projects and the idea of the Capital Asset Pricing Model and used this model to valuate the renewable energy projects considering selling green electricity certificate revenue. And then, it verified the effectiveness and rationality of this model through the investment projects of the wind power.

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Literature
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Metadata
Title
Renewable Energy Investment Project Evaluation Model Based on Improved Real Option
Authors
Chun-yan Dai
Yi-xian Wang
Dong Li
Yan-ling Zhou
Copyright Year
2015
Publisher
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-662-45969-0_4