دانلود مقاله ISI انگلیسی شماره 49892
ترجمه فارسی عنوان مقاله

تاثیر عدم قطعیت سیاست های عمومی در سرمایه گذاری انرژی های تجدید پذیر: انرژی باد و اعتبارات مالیاتی تولید

عنوان انگلیسی
Impact of public policy uncertainty on renewable energy investment: Wind power and the production tax credit
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
49892 2010 12 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Energy Policy, Volume 38, Issue 12, December 2010, Pages 7698–7709

ترجمه کلمات کلیدی
عدم قطعیت تنظیم مقررات - سیاست انرژی باد - توافقنامه خرید برق
کلمات کلیدی انگلیسی
Regulatory uncertainty; Wind energy policy; Power purchase agreement
پیش نمایش مقاله
پیش نمایش مقاله  تاثیر عدم قطعیت سیاست های عمومی در سرمایه گذاری انرژی های تجدید پذیر: انرژی باد و اعتبارات مالیاتی تولید

چکیده انگلیسی

It is generally understood that the pattern of repeated expiration and short-term renewal of the federal production tax credit (PTC) causes a boom–bust cycle in wind power plant investment in the US. This on–off pattern is detrimental to the wind industry, since ramp-up and ramp-down costs are high, and players are deterred from making long-term investments. It is often assumed that the severe downturn in investment during “off” years implies that wind power is unviable without the PTC. This assumption turns out to be unsubstantiated: this paper demonstrates that it is not the absence of the PTC that causes the investment downturn during “off” years, but rather the uncertainty over its return. Specifically, it is the dynamic of power purchase agreement (PPA) negotiations in the face of PTC renewal uncertainty that drives investment volatility. With contract negotiations prevalent in the renewable energy industry, this finding suggests that reducing uncertainty is a crucial component of effective renewable energy policy. The PTC as currently structured is not the only means, existing or potential, for encouraging wind power investment. Using data from a survey of energy professionals, various policy instruments are compared in terms of their perceived stability for supporting long-term investment.