Open AccessATTRACTIVENESS EVALUATION OF INVESTMENT IN WIND ENERGY PROJECTS / VĖJO ENERGETIKOS PROJEKTŲ INVESTICINIO PATRAUKLUMO VERTINIMAS
Author(s) -
Paulius Rudzkis,
Lukas Macijauskas
Publication year - 2012
Publication title -
mokslas - lietuvos ateitis
Language(s) - English
Resource type - Journals
eISSN - 2029-2341
pISSN - 2029-2252
DOI - 10.3846/mla.2012.39
Subject(s) - wind power , business administration , investment (military) , attractiveness , business , economics , agricultural science , economy , engineering , political science , environmental science , psychology , politics , law , psychoanalysis , electrical engineering
Last decade as prices of fossil energy resources were almost constantly going upwards, increasing flow of investments is directed to renewable energy resources. Development and application of green energy became one of priority objectives in many countries. While in the context of wind energy production Lithuania lags behind the EU average, its potential of wind energy usage has great perspective. In this article using random processes, cost-benefit and financial analysis, attractiveness of investment in wind energy projects is examined. Given the stochastic nature of wind energy and by looking into investment profitableness and risk factors, effectiveness of wind turbine is evaluated. Analysis showed that wind energy projects could be considered as having high profit-to-risk factor and should generate significant interest of investment community.