Proceedings of the 2017 5th International Conference on Mechatronics, Materials, Chemistry and Computer Engineering (ICMMCCE 2017)

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Study on Real Option of Wind Power Generation Considering Energy Saving Value

Authors
Nan Xu, Zhao Liu, Yan Song, Dongchao Wang, Bingjun Zhao
Corresponding Author
Nan Xu
Available Online September 2017.
DOI
10.2991/icmmcce-17.2017.155How to use a DOI?
Keywords
Wind power; Energy saving value; Deferred option
Abstract

Taking the wind power generation's pollution-free, easy access and other characteristics into account, Wind power has made great progress in China's renewable energy industry. But because the wind is not controllable, wind power can not guarantee a stable power output, bringing uncertainty in the operation of the distribution network. In this paper, combined with the existing literature on wind power investment decision-making research, then the real option model of wind power investment is established on the basis of the net present value added to the value of energy conservation. Finally, the empirical analysis is carried out to verify the feasibility of the model and the software simulation is concluded that the improved model provides more accurate decision support.

Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2017 5th International Conference on Mechatronics, Materials, Chemistry and Computer Engineering (ICMMCCE 2017)
Series
Advances in Engineering Research
Publication Date
September 2017
ISBN
10.2991/icmmcce-17.2017.155
ISSN
2352-5401
DOI
10.2991/icmmcce-17.2017.155How to use a DOI?
Copyright
© 2017, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Nan Xu
AU  - Zhao Liu
AU  - Yan Song
AU  - Dongchao Wang
AU  - Bingjun Zhao
PY  - 2017/09
DA  - 2017/09
TI  - Study on Real Option of Wind Power Generation Considering Energy Saving Value
BT  - Proceedings of the 2017 5th International Conference on Mechatronics, Materials, Chemistry and Computer Engineering (ICMMCCE 2017)
PB  - Atlantis Press
SP  - 867
EP  - 871
SN  - 2352-5401
UR  - https://doi.org/10.2991/icmmcce-17.2017.155
DO  - 10.2991/icmmcce-17.2017.155
ID  - Xu2017/09
ER  -