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A real options approach to investment timing decisions in utility-scale renewable energy in Ghana

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  • Ofori, Charles Gyamfi
  • Bokpin, Godfred Alufar
  • Aboagye, Anthony Q.Q.
  • Afful-Dadzie, Anthony

Abstract

Private capital is required to urgently complement government's efforts to meet initial capital outlay in renewable energy investments. However, minimising the downside risks for a given return in such a venture presents valuation challenges, including the timing of such investments. Investment timing is therefore relevant to consider when making investments in utility-scale renewable energy technologies which require high initial capital.

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  • Ofori, Charles Gyamfi & Bokpin, Godfred Alufar & Aboagye, Anthony Q.Q. & Afful-Dadzie, Anthony, 2021. "A real options approach to investment timing decisions in utility-scale renewable energy in Ghana," Energy, Elsevier, vol. 235(C).
    • Handle: RePEc:eee:energy:v:235:y:2021:i:c:s0360544221016145
    DOI: 10.1016/j.energy.2021.121366
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