The different characteristics of real options in contracts of wind power in Brazil

Q3 Engineering

Gestao e Producao Pub Date : 2021-01-01 DOI:10.1590/1806-9649-2021v28e5652

V. Delapedra-Silva

引用次数: 0

Abstract

Abstract: This paper investigates the existence of uncertainties in different wind power commercialization contracts in Brazil and their correlation with the Real Options associated with unmitigated risks in the Back up Energy and New Energy contracts. From a documentary review of existing contracts from 2009 to 2018, it was found that the Real Options on New Energy contracts are more susceptible to market uncertainties related to energy price in the short-term market. The Real Options associated with risks not mitigated in Back up Energy contracts are more linked to uncertainties regarding the power generation efficiency and the project plant expansion capacity in order to generate the anticipation of its supply.

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巴西风电合同实物期权的不同特征

摘要:本文研究了巴西不同风电商业化合同中存在的不确定性及其与备用能源和新能源合同中存在未减轻风险的实物期权的相关性。通过对2009 - 2018年现有合同的文献回顾发现，在短期市场中，新能源合同的实物期权更容易受到与能源价格相关的市场不确定性的影响。与备用能源合同中未减轻的风险相关的实物期权更多地与发电效率和项目工厂扩建能力的不确定性联系在一起，以产生其供应的预期。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Gestao e Producao Engineering-Industrial and Manufacturing Engineering

CiteScore

1.60

自引率

0.00%

发文量

审稿时长

44 weeks

期刊介绍： Gestão & Produção is a journal published four times a year year (March, June, September and December) by the Departamento de Engenharia de Produção (DEP) of Universidade Federal de São Carlos (UFSCar). The first issue of Gestão & Produção was published in April, 1994. Actually, G&P was result of experience of professors of DEP/UFSCar in editing, in the beginning, "Cadernos DEP" in the 1980s, followed by "Cadernos de Engenharia de Produção". The last three issues of "Cadernos de Engenharia de Produção" were a test previous to the launch of Gestão & Produção because most of the journal characteristics were already established, like regularity.