Upgrading hydropower plants with storage: timing and capacity choice
作者: Ane Marte AnderssonMorten ElverhøiStein-Erik FletenSabine FussJana SzolgayováOle Christian Troland
作者单位: 1Department of Industrial Economics and Technology Management, Norwegian University of Science and Technology
2International Institute for Applied Systems Analysis
刊名: Energy Systems, 2014, Vol.5 (2), pp.233-252
来源数据库: Springer Journal
DOI: 10.1007/s12667-013-0112-2
关键词: Real optionsElectricity price uncertaintyUpgradingRefurbishmentTimingCapacity choice
英文摘要: Abstract(#br)This paper presents an investment decision support framework for a hydropower producer with storage facilities that is considering upgrading the production capacity in its power plant. A real options framework is proposed to support the investment decision, where both investment timing and capacity choice are considered. Using a case from a Norwegian hydropower producer, we employ the framework to evaluate investment opportunities in this company. Our main contribution is an approach that combines hydropower scheduling and real options valuation for already constructed power plants. Furthermore, the results from our case analysis suggest feasible investment strategies for the hydropower producer.
全文获取路径: Springer  (合作)

  • timing 计时
  • capacity 电容量
  • hydropower 水力
  • choice 选择
  • storage 蓄水量