The Effects of Risk Management on Bioenergy Projects
Bature, Aminu and Akhtar, Jahangir and Melville, L. and Rahman, K.M. and Aulak, Poonam (2018) The Effects of Risk Management on Bioenergy Projects. In: ICREN 2018 INTERNATIONAL CONFERENCE ON Renewable Energy, APRIL 25-27, 2018, BARCELONA.
Full text not available from this repository. (Request a copy)Abstract
Introduction: The sheer volumes of research studies indicate that effective risk analysis has a profound effect on the early financing stages of bioenergy and other renewable energy projects, its investments, and the decision-making mechanism for risk transfer to adopt. However, there are little research data for project developers to utilize during initiation and planning phases of these projects. A better understanding of the risks associated with bioenergy projects can help policy makers, project developers and risk management experts to deploy more clean energy. Methods:In this study, the researchers focus on the quantitative used of online survey method. Questionnaire was develop using online survey portal and the survey web link emailed to participants who are involved in renewable energy projects and risk management followed by an in-depth comparative analysis between the collected primary data and the secondary research information gathered from relevant existing literature.Results: The study found that, the risk factors most associated with bio-energy projects are; economic (flagged by 47.73%) and environmental risks (flagged by 45.45%). These outcomes are consistent to the International Energy Agency IEA findings that economic and socio-environmental risks have the highest impact on Return on Equity (ROE) and debt-leverage capability of biomass technologies and projects. Discussion:
The effects of risk management on bioenergy projects begins from initiation and planning stages (that is, to attract investment and avoid negative financial impact on the projects). Moreover, in project implementation it plays an instrumental role of identifying, controlling and mitigating inherent risk to boosts project success.
It was recommended that bioenergy project managers and developers should use systematic risk management methods such as RBS (Risk Breakdown Structures) for better risk identification during the risk management cycle.
| Item Type: | Conference or Workshop Item (Paper) | ||||||
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| Subjects: | CAH10 - engineering and technology > CAH10-01 - engineering > CAH10-01-07 - civil engineering CAH10 - engineering and technology > CAH10-01 - engineering > CAH10-01-09 - chemical, process and energy engineering CAH17 - business and management > CAH17-01 - business and management > CAH17-01-04 - management studies |
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| Divisions: | Faculty of Computing, Engineering and the Built Environment > College of Built Environment | ||||||
| Depositing User: | Khondokar Rahman | ||||||
| Date Deposited: | 06 Jun 2018 07:00 | ||||||
| Last Modified: | 20 Jun 2024 11:46 | ||||||
| URI: | https://www.open-access.bcu.ac.uk/id/eprint/5978 |
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