Risk Management in Renewable Energy Projects
The needed of introduce renewable energy in the grid system is a clear reality. Traditional energy sources like fossil fuels or nuclear energy carry complex risks which has been evaluated and optimized in the last decades. Meanwhile, renewable energy project outlines new risk that has to be taken into consideration. Some of these problems are not well address yet, increasing the uncertainty in some of these technologies. Wind energy is not total stable, for the discontinuity of the wind. Solar energy policies are not clear in many countries, changing continuously depending of the government. Or biomass energy, which addresses the shortage and supply chain problem. Risk is a key part of all these technologies and how to manage it is a challenge which is going to be faced for the global society in the following years.
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Introduction
Energy sector is known for being complex and uncertain. Energy market is changing continuously, appearing new product, tools and processes. Because of this, the risk is inherent and companies must take into consideration many factors and variables to decide which projects they are going to invest. Especially important is risk management in renewable energy projects where the horizon is larger and the amortization of the projects is a key factor. In this article is discussed different attributes which have in common the diverse energetical technologies and the specific characteristics in the risk management of these renewable energy projects
References
- ↑ "A good and comprehensive article on the subject ", Copenhaguen, Ferbruary 2018.
Annotated bibliography
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