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Electricity Generation in Fiji: Assessing the Impact of Renewable Technologies on Costs and Financial Risk


  • Dornan, Matthew
  • Jotzo, Frank


In recent years, renewable energy technologies have been advocated in Fiji on the basis that they improve energy security and serve as a risk-mitigation measure against oil price volatility. Despite this, there have been few attempts to measure the impact of renewable technologies on energy security. That analysis is important if the benefits of renewable energy technologies in Fiji are to be adequately evaluated. This paper develops and applies a method for assessing the potential contribution of renewable technologies to the security of electricity supply in Fiji. The method is based on an application of portfolio theory, traditionally used in financial markets, to the electricity generation mix in Fiji. The results demonstrate the impact of different renewable technologies on both portfolio generation cost and risk for Fijian electricity grids.

Suggested Citation

  • Dornan, Matthew & Jotzo, Frank, 2011. "Electricity Generation in Fiji: Assessing the Impact of Renewable Technologies on Costs and Financial Risk," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100544, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare11:100544

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    References listed on IDEAS

    1. Awerbuch, Shimon, 2000. "Investing in photovoltaics: risk, accounting and the value of new technology," Energy Policy, Elsevier, vol. 28(14), pages 1023-1035, November.
    2. Awerbuch, Shimon & Sauter, Raphael, 2006. "Exploiting the oil-GDP effect to support renewables deployment," Energy Policy, Elsevier, vol. 34(17), pages 2805-2819, November.
    3. Shimon Awerbuch, 2006. "Portfolio-Based Electricity Generation Planning: Policy Implications For Renewables And Energy Security," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 11(3), pages 693-710, May.
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    renewable energy technologies; energy policy; electricity sector; Fiji; oil prices; portfolio analysis; Pacific islands; Resource /Energy Economics and Policy;

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