Analysis of energy investment efficiency

Author(s):  
Ge Zhang ◽  
Ya Dong
2018 ◽  
Vol 10 (9) ◽  
pp. 3119 ◽  
Author(s):  
Jiahai Yuan ◽  
Yurong Zeng ◽  
Xiaoxuan Guo ◽  
Yu Ai ◽  
Minpeng Xiong

In recent years, Chinese companies’ investment in overseas electric power has grown rapidly. Chinese enterprises with matured technology and abundant talent in the field of electric power and electric power investment are becoming the focus of Chinese enterprise investment. However, just like any other energy investment, electric power investment has various potential risks, including economic risk, financial risk, social risk, political risk, electric power foreground risk, resource risk, and environmental risk. To specifically measure electric power investment risk, this article proposed a nine-dimensional indicator system for countries along China’s ‘Belt and Road Initiative’. Moreover, a fuzzy integrated evaluation model ground on the entropy weight was established to evaluate the electric power investment risk of 21 countries along China’s Belt and Road Initiative. The result of research shows that electric power foreground and Chinese factors have become the major underlying determinants of electric power investment risk, while coal power economy, renewable power economy, and political risk should also be attached enough attention when making investing decisions. In conclusion, the optimal choices for China’s electricity investment are determined after balancing electric power foreground and basic factors. After analyzing investment risks of various countries, this paper puts forward policy suggestions, which can help Chinese enterprises avoid electric power investment risks and improve investment efficiency.


2018 ◽  
Vol 12 (1) ◽  
pp. 52-62
Author(s):  
Tao Yi ◽  
Yifan Zhang ◽  
Yanfeng Guo

Background: In the renewable energy investment market, there are risks such as fossil fuel price fluctuations, environmental risks caused by pollutant emissions, electricity price fluctuations caused by energy policies, and so on, which bring certain difficulties to measure the investment efficiency. Methods: In this regard, the paper applies the portfolio theory to the Data Envelopment Analysis (DEA) model to evaluate investment efficiency. First of all, the Monte Carlo method is used to simulate the four uncertain factors of fuel unit price, feed-in tariff, annual operating hours, and carbon price, so as to quantitatively measure the risk and return of different power generation. According to the portfolio theory, it evaluates the portfolio risks and returns, respectively as input and output indicators, so as to build a Data Envelopment Analysis (DEA) model to estimate investment efficiency. Conclusion: The simulation and experimental results demonstrate the effectiveness of the presented method. In details, we select a poor efficiency sample, and then, we propose an optimization measure to improve the efficiency. By adjusting the proportion of its investment, the result proves that increasing the proportion of renewable energy can realize optimization and validity of renewable energy investment. Thus, it provides auxiliary support for the investment decision of renewable energy and realizes the coordinated allocation and efficient utilization of renewable energy.


2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.


2020 ◽  
Vol 29 (3) ◽  
pp. 205-232
Author(s):  
Gil S. Bae ◽  
Seung Uk Choi ◽  
Jeong Taek Kim

Author(s):  
Svitlana Sivitska

UDC 338:336.02:621.311 Svitlana Sivitska, Ph.D., Associate Professor at Finance and Banking Department, Vice-Rector for Scientific, Educational, Social Work and International Cooperation. Poltava National Technical Yuri Kondratyuk University. Identification of strategic priorities of investment into development of alternative energetics. There are the stages of the methodology for choosing the strategic priorities of investing in alternative energy explored in the article. The potential of alternative energy analyzed. The strategic priorities of alternative energy have been explored. An integrated analysis of the potential of alternative energy is carried out on the territorial basis done. The matrix of choice of strategic priorities of investing in alternative energy determined. Keywords: energetic security, alternative energetics, renewable sources of energy, investment, strategic priorities, matrix.


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