The Effects of Risk Management on Bioenergy Projects

Bature, Aminu and Akhtar, Jahangir and Melville, Lynsey 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.

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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)
Subjects: H200 Civil Engineering
H800 Chemical, Process and Energy Engineering
N200 Management studies
Divisions: Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment
UoA Collections > REF 2021 UoA12: Engineering
UoA Collections > REF2021 UoA13: Architecture, Built Environment and Planning
Depositing User: Khondokar Mizanur Rahman
Date Deposited: 06 Jun 2018 07:00
Last Modified: 06 Jun 2018 07:00
URI: http://www.open-access.bcu.ac.uk/id/eprint/5978

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