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Public-private partnerships for wind power generation: The Portuguese case

Author

Listed:
  • Martins, Ana Cravinho
  • Marques, Rui Cunha
  • Cruz, Carlos Oliveira

Abstract

Today's portfolio of energy production, based mostly on fossil fuels, and increasing energy consumption go against a sustainable vision for the world's development. Governments are shifting their energy policies towards renewable, nonpollutant sources of energy, developing large investment plans to ensure an adequate response to energy demand growth while keeping the environmental impact within reasonable boundaries. As in many other infrastructure-related sectors, new models for the provision of these facilities, and services, are being developed. Over the past 20 years, highways, hospitals, social housing, airports and dams have been developed in close collaboration with the private sector, not only in a contractor-supplier relation but also in deeper partnerships where the private sector assumes a substantial responsibility in managing and running the business. These models are known as public-private partnerships (PPPs). This research will look at the Portuguese experience in the application of PPP arrangements in the energy sector, particularly as far as the development of wind power plants is concerned. The evaluation procedures for selecting the private partner, the contract structure and the risk-sharing agreement are some of the issues deserving special attention.

Suggested Citation

  • Martins, Ana Cravinho & Marques, Rui Cunha & Cruz, Carlos Oliveira, 2011. "Public-private partnerships for wind power generation: The Portuguese case," Energy Policy, Elsevier, vol. 39(1), pages 94-104, January.
  • Handle: RePEc:eee:enepol:v:39:y:2011:i:1:p:94-104
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Yildiz, Özgür, 2016. "Public-private partnerships, incomplete contracts, and distributional fairness – when payments matter," MPRA Paper 74552, University Library of Munich, Germany.
    2. Martins, José & Marques, Rui Cunha & Cruz, Carlos Oliveira, 2014. "Maximizing the value for money of PPP arrangements through flexibility: An application to airports," Journal of Air Transport Management, Elsevier, vol. 39(C), pages 72-80.
    3. repec:eee:transa:v:105:y:2017:i:c:p:197-209 is not listed on IDEAS
    4. Curran, Louise & Lv, Ping & Spigarelli, Francesca, 2017. "Chinese investment in the EU renewable energy sector: Motives, synergies and policy implications," Energy Policy, Elsevier, vol. 101(C), pages 670-682.
    5. João Paulo Bento, 2011. "Energy Savings via Foreign Direct Investment? - Empirical evidence from Portugal," Working Papers 2011/24, Maastricht School of Management.
    6. repec:eee:proeco:v:194:y:2017:i:c:p:73-87 is not listed on IDEAS
    7. Manos, Basil & Bartocci, Pietro & Partalidou, Maria & Fantozzi, Francesco & Arampatzis, Stratos, 2014. "Review of public–private partnerships in agro-energy districts in Southern Europe: The cases of Greece and Italy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 667-678.
    8. Song, Jinbo & Song, Danrong & Zhang, Xueqing & Sun, Yan, 2013. "Risk identification for PPP waste-to-energy incineration projects in China," Energy Policy, Elsevier, vol. 61(C), pages 953-962.
    9. Pestana Barros, Carlos & Sequeira Antunes, Olinda, 2011. "Performance assessment of Portuguese wind farms: Ownership and managerial efficiency," Energy Policy, Elsevier, vol. 39(6), pages 3055-3063, June.
    10. Rehner, Robert & McCauley, Darren, 2016. "Security, justice and the energy crossroads: Assessing the implications of the nuclear phase-out in Germany," Energy Policy, Elsevier, vol. 88(C), pages 289-298.
    11. Cerdeira Bento, João Paulo, 2012. "Cointegration Models Applied For Portugal’s Energy Consumption, Inward FDI and GDP Series (1980-2007)," MPRA Paper 41619, University Library of Munich, Germany.
    12. Bento, Nuno & Fontes, Margarida, 2015. "The construction of a new technological innovation system in a follower country: Wind energy in Portugal," Technological Forecasting and Social Change, Elsevier, vol. 99(C), pages 197-210.
    13. Tveten, Åsa Grytli & Bolkesjø, Torjus Folsland & Martinsen, Thomas & Hvarnes, Håvard, 2013. "Solar feed-in tariffs and the merit order effect: A study of the German electricity market," Energy Policy, Elsevier, vol. 61(C), pages 761-770.
    14. Li, Cun-Bin & Chen, Hong-Yi & Zhu, Jiang & Zuo, Jian & Zillante, George & Zhao, Zhen-Yu, 2015. "Comprehensive assessment of flexibility of the wind power industry chain," Renewable Energy, Elsevier, vol. 74(C), pages 18-26.
    15. Kang, Moon Jung & Hwang, Jongwoon, 2016. "Structural dynamics of innovation networks funded by the European Union in the context of systemic innovation of the renewable energy sector," Energy Policy, Elsevier, vol. 96(C), pages 471-490.
    16. Xu, Yelin & Chan, Albert P.C. & Xia, Bo & Qian, Queena K. & Liu, Yong & Peng, Yi, 2015. "Critical risk factors affecting the implementation of PPP waste-to-energy projects in China," Applied Energy, Elsevier, vol. 158(C), pages 403-411.

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