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Decision making in renewable energy investments: A review

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  • Strantzali, Eleni
  • Aravossis, Konstantinos

Abstract

One of the problems facing researchers in the application of renewable energy systems is that the evaluation of the sustainability is extremely perplex. Decision making in energy projects requires consideration of technical, economic, environmental and social impacts and is often complicated. This paper presents a review of the current state of the art in decision support methods applied to renewable and sustainable energy throughout the literature in the field of energy planning. The selected papers were classified by their year of publication, decision making technique, energy type, the criteria used, geographic distribution and the application areas.

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  • Strantzali, Eleni & Aravossis, Konstantinos, 2016. "Decision making in renewable energy investments: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 885-898.
  • Handle: RePEc:eee:rensus:v:55:y:2016:i:c:p:885-898
    DOI: 10.1016/j.rser.2015.11.021
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    1. repec:eee:rensus:v:81:y:2018:i:p2:p:2637-2643 is not listed on IDEAS
    2. Ryan, Lisa & Dillon, Joseph & Monaca, Sarah La & Byrne, Julie & O'Malley, Mark, 2016. "Assessing the system and investor value of utility-scale solar PV," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 506-517.
    3. repec:eee:energy:v:147:y:2018:i:c:p:1227-1239 is not listed on IDEAS
    4. Jano-Ito, Marco A. & Crawford-Brown, Douglas, 2017. "Investment decisions considering economic, environmental and social factors: An actors' perspective for the electricity sector of Mexico," Energy, Elsevier, vol. 121(C), pages 92-106.
    5. repec:eee:rensus:v:82:y:2018:i:p3:p:3546-3553 is not listed on IDEAS
    6. repec:eee:appene:v:222:y:2018:i:c:p:772-780 is not listed on IDEAS
    7. Büyüközkan, Gülçin & Güleryüz, Sezin, 2016. "An integrated DEMATEL-ANP approach for renewable energy resources selection in Turkey," International Journal of Production Economics, Elsevier, vol. 182(C), pages 435-448.
    8. repec:eee:rensus:v:76:y:2017:i:c:p:775-787 is not listed on IDEAS
    9. Zografidou, Eleni & Petridis, Konstantinos & Petridis, Nikolaos E. & Arabatzis, Garyfallos, 2017. "A financial approach to renewable energy production in Greece using goal programming," Renewable Energy, Elsevier, vol. 108(C), pages 37-51.
    10. repec:eee:rensus:v:81:y:2018:i:p1:p:62-68 is not listed on IDEAS
    11. Haddad, Brahim & Liazid, Abdelkrim & Ferreira, Paula, 2017. "A multi-criteria approach to rank renewables for the Algerian electricity system," Renewable Energy, Elsevier, vol. 107(C), pages 462-472.
    12. Qin, Quande & Liang, Fuqi & Li, Li & Wei, Yi-Ming, 2017. "Selection of energy performance contracting business models: A behavioral decision-making approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 422-433.
    13. Tiwari, Ramji & Babu, N. Ramesh, 2016. "Recent developments of control strategies for wind energy conversion system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 268-285.
    14. repec:eee:rensus:v:80:y:2017:i:c:p:1544-1577 is not listed on IDEAS
    15. repec:eee:rensus:v:78:y:2017:i:c:p:401-413 is not listed on IDEAS
    16. repec:eee:rensus:v:79:y:2017:i:c:p:669-680 is not listed on IDEAS

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