Science – Future of Lithuania / Mokslas – Lietuvos Ateitis, Vol 4, No 3 (2012)

Attractiveness Evaluation of Investment in Wind Energy Projects

Paulius Rudzkis
Lukas Macijauskas

Abstract


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.

Article in: Lithuanian

Article published: 2012-07-09

Keyword(s): wind energy; cost-benefit analysis; random processes; investment return

DOI: 10.3846/mla.2012.39

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Science – Future of Lithuania / Mokslas – Lietuvos Ateitis ISSN 2029-2341, eISSN 2029-2252
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