... Emerald Publishing Limited Licensed re-use rights only Cash flow Renewable energy Monte Carlo simulation Energy storage Policy risk Wind farm Wind power modeling Infrastructure investments – among them, renewable energy investments as alternative investment – have gained a high...

... into account resource risk, energy price risk, inflation risk and policy risk. Design/methodology/approach To this end, this paper presents a stochastic discounted cash flow model which is then applied to a wind farm with a pumped hydro storage system. Findings The results show that energy storage...

... a categorization of major risk drivers and determinants of policy risk associated with renewable energy projects in developed countries. Design/methodology/approach Based on a narrative (traditional) review of the academic literature and supported by industry studies regarding cases of support scheme cuts...