Abstract
Following concerns about climate change, investment in renewables has become essential to
achieve net-zero targets. However, there is a gap between essential and actual market share of
renewable energy schemes due to associated risks. This research investigates Critical risk
factors of investment in a Renewable energy scheme (The case of offshore wind in a net-zero
community)”. The purpose of the research is to contribute mitigating risks of Renewable energy
“in general” and “specific” to Offshore Wind farms to attract more investment. The study
follows a combination of a literature review and structured interviews to identify and shortlist
risks and then utilizes AHP method to evaluate major risks quantitatively. Based on the
findings, Policy risks, Economic, Infrastructure and Technology, Financial and Environmental
risks are respectively the most important risk categories for renewable energy investment.
Moreover, the study highlights the importance of environmental risk especially for Offshore
Wind farms due to nature of the infrastructure, location and severe weather conditions affecting
operation and maintenance.
achieve net-zero targets. However, there is a gap between essential and actual market share of
renewable energy schemes due to associated risks. This research investigates Critical risk
factors of investment in a Renewable energy scheme (The case of offshore wind in a net-zero
community)”. The purpose of the research is to contribute mitigating risks of Renewable energy
“in general” and “specific” to Offshore Wind farms to attract more investment. The study
follows a combination of a literature review and structured interviews to identify and shortlist
risks and then utilizes AHP method to evaluate major risks quantitatively. Based on the
findings, Policy risks, Economic, Infrastructure and Technology, Financial and Environmental
risks are respectively the most important risk categories for renewable energy investment.
Moreover, the study highlights the importance of environmental risk especially for Offshore
Wind farms due to nature of the infrastructure, location and severe weather conditions affecting
operation and maintenance.
| Original language | English |
|---|---|
| Publication status | Published - 14 Jun 2023 |
| Event | European Academy of Management Conference 2023 - Trinity Business School, Dublin, Ireland Duration: 14 Jun 2023 → 16 Jun 2023 https://conferences.euram.academy/2023conference/ |
Conference
| Conference | European Academy of Management Conference 2023 |
|---|---|
| Abbreviated title | EURAM 2023 |
| Country/Territory | Ireland |
| City | Dublin |
| Period | 14/06/23 → 16/06/23 |
| Internet address |
Keywords
- renewable energy
- investment risk
- offshore wind
