IDEAS home Printed from https://ideas.repec.org/p/wbk/wbrwps/110.html
   My bibliography  Save this paper

Impact of lower oil prices on renewable energy technologies

Author

Listed:
  • Terrado, Ernesto
  • Mendis, Matthew
  • Fitzgerald, Kevin

Abstract

The impacts of reduced oil prices on the economic viability of selected technologies which utilize solar, wind and biomass energy sources are examined. The technologies include dendrothermal, bagasse, fuel alcohol, wind electric, biomass gasifiers, solar water heaters, photovoltaic water pumps, and wind pumps. Specific projects in each of these categories are reviewed with oil prices above US$28 bbl, and their economic justifications recalculated at a range of lower oil prices. The findings indicate that the economic sensitivity of renewable energy technologies is mainly a function of scale and project location. Renewable energy technologies that compete directly in the modern large scale sector, such as dendrothermal are the most adversely affected by falling oil prices. Remote and rural applications are less affected because of their generally smaller sizes, and the reduced availablility and consequently greater costs of petroleum fuels.

Suggested Citation

  • Terrado, Ernesto & Mendis, Matthew & Fitzgerald, Kevin, 1989. "Impact of lower oil prices on renewable energy technologies," Policy Research Working Paper Series 110, The World Bank.
    • Handle: RePEc:wbk:wbrwps:110
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1989/02/01/000009265_3960927115850/Rendered/PDF/multi_page.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ashraf-Ball, Hezlin & Oswald, Andrew J. & Oswald, James I., 2009. "Hydrogen Transport and the Spatial Requirements of Renewable Energy," The Warwick Economics Research Paper Series (TWERPS) 903, University of Warwick, Department of Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Roula I. Yazigi (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.