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Multi-criteria decision-making in the selection of a renewable energy project in spain: The Vikor method

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  • San Cristóbal, J.R.

Abstract

One of the characteristics of the Spanish energy system is its high degree of dependence on imports. In 2005, the Spanish government approved the new Renewable Energy Plan in the following sectors: Windpower, Hydroelectric, Solar Thermal, Solar Thermo-electric, Photovoltaic, Biomass, Biogas and Biofuels. The aim of the Plan is to make it possible to reach the target of 12% of primary energy being met from renewable sources by 2010. When selecting one from various Renewable Energy investment projects different groups of decision-makers become involved in the process. Decision-making has to take into consideration several conflicting objectives because of the increasingly complex social, economic, technological, and environmental factors that are present. Traditional single-criterion decision-making is no longer able to handle these problems. The Compromise Ranking method, also known as the VIKOR method, introduces the Multi-criteria ranking index based on the particular measure of “closeness” to the “ideal” solution. In this paper, we apply the method in the selection of a Renewable Energy project corresponding to the Renewable Energy Plan launched by the Spanish Government. The method is combined with the Analytical Hierarchy Process method for weighting the importance of the different criteria, which allows decision-makers to assign these values based on their preferences. The results show that the Biomass plant option (Co-combustion in a conventional power plant) is the best choice, followed by the Wind power and Solar Thermo-electric alternatives.

Suggested Citation

  • San Cristóbal, J.R., 2011. "Multi-criteria decision-making in the selection of a renewable energy project in spain: The Vikor method," Renewable Energy, Elsevier, vol. 36(2), pages 498-502.
  • Handle: RePEc:eee:renene:v:36:y:2011:i:2:p:498-502
    DOI: 10.1016/j.renene.2010.07.031
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    1. Clodnițchi Roxana & Chinie Alexandra Cătălina, 2015. "Factors of impact on the evolution of electricity markets from renewable energy sources: a comparison between Romania and Germany," Management & Marketing, Sciendo, vol. 10(1), pages 34-52, June.
    2. Papapostolou, Aikaterini & Karakosta, Charikleia & Nikas, Alexandros & Psarras, John, 2017. "Exploring opportunities and risks for RES-E deployment under Cooperation Mechanisms between EU and Western Balkans: A multi-criteria assessment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 519-530.
    3. Cannemi, Marco & García-Melón, Mónica & Aragonés-Beltrán, Pablo & Gómez-Navarro, Tomás, 2014. "Modeling decision making as a support tool for policy making on renewable energy development," Energy Policy, Elsevier, vol. 67(C), pages 127-137.
    4. Rahman, Md. Mizanur & Paatero, Jukka V. & Lahdelma, Risto, 2013. "Evaluation of choices for sustainable rural electrification in developing countries: A multicriteria approach," Energy Policy, Elsevier, vol. 59(C), pages 589-599.
    5. He-Yau Kang & Meng-Chan Hung & W. L. Pearn & Amy H. I. Lee & Mei-Sung Kang, 2011. "An Integrated Multi-Criteria Decision Making Model for Evaluating Wind Farm Performance," Energies, MDPI, Open Access Journal, vol. 4(11), pages 1-25, November.
    6. Pinilla, Manuel & Martinez, Sergio, 2012. "Optimal design of permanent-magnet direct-drive generator for wind energy considering the cost uncertainty in raw materials," Renewable Energy, Elsevier, vol. 41(C), pages 267-276.
    7. Chithambaranathan, P. & Subramanian, Nachiappan & Gunasekaran, Angappa & Palaniappan, PL.K., 2015. "Service supply chain environmental performance evaluation using grey based hybrid MCDM approach," International Journal of Production Economics, Elsevier, vol. 166(C), pages 163-176.
    8. Ozgur Demirta, 2013. "Evaluating the Best Renewable Energy Technology for Sustainable Energy Plannin," International Journal of Energy Economics and Policy, Econjournals, vol. 3(Special), pages 23-33.
    9. Troldborg, Mads & Heslop, Simon & Hough, Rupert L., 2014. "Assessing the sustainability of renewable energy technologies using multi-criteria analysis: Suitability of approach for national-scale assessments and associated uncertainties," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 1173-1184.
    10. Stelios Grafakos & Alexandros Flamos & Elena Marie Enseñado, 2015. "Preferences Matter: A Constructive Approach to Incorporating Local Stakeholders’ Preferences in the Sustainability Evaluation of Energy Technologies," Sustainability, MDPI, Open Access Journal, vol. 7(8), pages 1-39, August.
    11. Stein, Eric W., 2013. "A comprehensive multi-criteria model to rank electric energy production technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 22(C), pages 640-654.
    12. Streimikiene, Dalia & Balezentis, Tomas & Krisciukaitienė, Irena & Balezentis, Alvydas, 2012. "Prioritizing sustainable electricity production technologies: MCDM approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 3302-3311.
    13. Rosso, M. & Bottero, M. & Pomarico, S. & La Ferlita, S. & Comino, E., 2014. "Integrating multicriteria evaluation and stakeholders analysis for assessing hydropower projects," Energy Policy, Elsevier, vol. 67(C), pages 870-881.
    14. Paweł Ziemba, 2019. "Inter-Criteria Dependencies-Based Decision Support in the Sustainable wind Energy Management," Energies, MDPI, Open Access Journal, vol. 12(4), pages 1-29, February.
    15. Zhang, Ling & Zhou, Peng & Newton, Sidney & Fang, Jian-xin & Zhou, De-qun & Zhang, Lu-ping, 2015. "Evaluating clean energy alternatives for Jiangsu, China: An improved multi-criteria decision making method," Energy, Elsevier, vol. 90(P1), pages 953-964.
    16. Blanca Ceballos & David A. Pelta & María T. Lamata, 2018. "Rank Reversal and the VIKOR Method: An Empirical Evaluation," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 17(02), pages 513-525, March.
    17. Ozorhon, Beliz & Batmaz, Arda & Caglayan, Semih, 2018. "Generating a framework to facilitate decision making in renewable energy investments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 95(C), pages 217-226.
    18. Esra Karakaþ & Ozan Veli Yýldýran, 2019. "Evaluation of Renewable Energy Alternatives for Turkey via Modified Fuzzy AHP," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 31-39.

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