IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v38y2014icp917-932.html
   My bibliography  Save this article

Renewable energy project: Project management, challenges and risk

Author

Listed:
  • Goh, H.H.
  • Lee, S.W.
  • Chua, Q.S.
  • Goh, K.C.
  • Kok, B.C.
  • Teo, K.T.K.

Abstract

Renewable energy is one of the most popular topics in utilization of the electric energy resources. There are various types of alternative energy, which can be used as electrical energy. However, the suitableness of the green energy in a certain country is depending on some criteria such as geographical location, the availability of energy and so on. In order to establish the renewable energy, a well-planned strategy and management must be acquired. The main objective of this paper is to analyse the causal relation of some important criteria of project planning and development of a wind energy project in Malaysia. By using a system dynamic approach, it is found that government policies, investment of renewable energy, energy demand, geographical location and fund management are the most important criteria that need to be considered among others. The diagram of causal relationship with reinforcing and balancing loop shows that the application of renewable energy in Malaysia is promising. In addition, the information of the criteria relationship is further investigated by using the stock flow diagram. From the diagram, the factors that affect project’s expenditure could be analysed. This is very important to a developing country where more budgets can be allocated for other facilities, cultures, infrastructure, science, and technology development. By utilise the renewable energy in Malaysia, the carbon dioxide emission can be reduced and contribution to a sustainable and long term alternative energy resources country.

Suggested Citation

  • Goh, H.H. & Lee, S.W. & Chua, Q.S. & Goh, K.C. & Kok, B.C. & Teo, K.T.K., 2014. "Renewable energy project: Project management, challenges and risk," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 917-932.
    • Handle: RePEc:eee:rensus:v:38:y:2014:i:c:p:917-932
    DOI: 10.1016/j.rser.2014.07.078
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032114005309
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2014.07.078?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Geißler, Gesa & Köppel, Johann & Gunther, Pamela, 2013. "Wind energy and environmental assessments – A hard look at two forerunners' approaches: Germany and the United States," Renewable Energy, Elsevier, vol. 51(C), pages 71-78.
    2. Islam, M.R. & Saidur, R. & Rahim, N.A., 2011. "Assessment of wind energy potentiality at Kudat and Labuan, Malaysia using Weibull distribution function," Energy, Elsevier, vol. 36(2), pages 985-992.
    3. Mahadevan, Renuka & Asafu-Adjaye, John, 2007. "Energy consumption, economic growth and prices: A reassessment using panel VECM for developed and developing countries," Energy Policy, Elsevier, vol. 35(4), pages 2481-2490, April.
    4. Saleh, Mohamed & Oliva, Rogelio & Kampmann, Christian Erik & Davidsen, Pål I., 2010. "A comprehensive analytical approach for policy analysis of system dynamics models," European Journal of Operational Research, Elsevier, vol. 203(3), pages 673-683, June.
    5. Narayan, Paresh Kumar & Smyth, Russell, 2005. "The residential demand for electricity in Australia: an application of the bounds testing approach to cointegration," Energy Policy, Elsevier, vol. 33(4), pages 467-474, March.
    6. Michler-Cieluch, Tanja & Krause, Gesche, 2008. "Perceived concerns and possible management strategies for governing 'wind farm-mariculture integration'," Marine Policy, Elsevier, vol. 32(6), pages 1013-1022, November.
    7. Hashim, Haslenda & Ho, Wai Shin, 2011. "Renewable energy policies and initiatives for a sustainable energy future in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4780-4787.
    8. Sopian, K. & Othman, M.Y.Hj. & Wirsat, A., 1995. "The wind energy potential of Malaysia," Renewable Energy, Elsevier, vol. 6(8), pages 1005-1016.
    9. Purvins, Arturs & Zubaryeva, Alyona & Llorente, Maria & Tzimas, Evangelos & Mercier, Arnaud, 2011. "Challenges and options for a large wind power uptake by the European electricity system," Applied Energy, Elsevier, vol. 88(5), pages 1461-1469, May.
    10. García Márquez, Fausto Pedro & Tobias, Andrew Mark & Pinar Pérez, Jesús María & Papaelias, Mayorkinos, 2012. "Condition monitoring of wind turbines: Techniques and methods," Renewable Energy, Elsevier, vol. 46(C), pages 169-178.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pérez Odeh, Rodrigo & Watts, David & Negrete-Pincetic, Matías, 2018. "Portfolio applications in electricity markets review: Private investor and manager perspective trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 192-204.
    2. Xie, Haonan & Ahmad, Tanveer & Zhang, Dongdong & Goh, Hui Hwang & Wu, Thomas, 2024. "Community-based virtual power plants’ technology and circular economy models in the energy sector: A Techno-economy study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
    3. Mateusz Trzeciak & Izabela Jonek-Kowalska, 2021. "Monitoring and Control in Program Management as Effectiveness Drivers in Polish Energy Sector. Diagnosis and Directions of Improvement," Energies, MDPI, vol. 14(15), pages 1-25, July.
    4. Karunathilake, Hirushie & Hewage, Kasun & Prabatha, Tharindu & Ruparathna, Rajeev & Sadiq, Rehan, 2020. "Project deployment strategies for community renewable energy: A dynamic multi-period planning approach," Renewable Energy, Elsevier, vol. 152(C), pages 237-258.
    5. Mohammed Adil Sait & Uchendu Eugene Chigbu & Iqbal Hamiduddin & Walter Timo De Vries, 2018. "Renewable Energy as an Underutilised Resource in Cities: Germany’s ‘Energiewende’ and Lessons for Post-Brexit Cities in the United Kingdom," Resources, MDPI, vol. 8(1), pages 1-27, December.
    6. Maqbool, Rashid, 2018. "Efficiency and effectiveness of factors affecting renewable energy projects; an empirical perspective," Energy, Elsevier, vol. 158(C), pages 944-956.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ho, Lip-Wah, 2016. "Wind energy in Malaysia: Past, present and future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 279-295.
    2. Aliashim Albani & Mohd Zamri Ibrahim, 2017. "Wind Energy Potential and Power Law Indexes Assessment for Selected Near-Coastal Sites in Malaysia," Energies, MDPI, vol. 10(3), pages 1-21, March.
    3. Hannan, M.A. & Begum, R.A. & Abdolrasol, M.G. & Hossain Lipu, M.S. & Mohamed, A. & Rashid, M.M., 2018. "Review of baseline studies on energy policies and indicators in Malaysia for future sustainable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 551-564.
    4. Hamdan, A. & Mustapha, F. & Ahmad, K.A. & Mohd Rafie, A.S., 2014. "A review on the micro energy harvester in Structural Health Monitoring (SHM) of biocomposite material for Vertical Axis Wind Turbine (VAWT) system: A Malaysia perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 23-30.
    5. Nor, Khalid Mohamed & Shaaban, Mohamed & Abdul Rahman, Hasimah, 2014. "Feasibility assessment of wind energy resources in Malaysia based on NWP models," Renewable Energy, Elsevier, vol. 62(C), pages 147-154.
    6. Das, Himadry Shekhar & Tan, Chee Wei & Yatim, A.H.M. & Lau, Kwan Yiew, 2017. "Feasibility analysis of hybrid photovoltaic/battery/fuel cell energy system for an indigenous residence in East Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 1332-1347.
    7. Muhammad Aslam Mohd Safari & Nurulkamal Masseran & Alias Jedi & Sohif Mat & Kamaruzzaman Sopian & Azman Bin Abdul Rahim & Azami Zaharim, 2020. "Rural Public Acceptance of Wind and Solar Energy: A Case Study from Mersing, Malaysia," Energies, MDPI, vol. 13(15), pages 1-24, July.
    8. Basir Khan, M. Reyasudin & Jidin, Razali & Pasupuleti, Jagadeesh & Shaaya, Sharifah Azwa, 2015. "Optimal combination of solar, wind, micro-hydro and diesel systems based on actual seasonal load profiles for a resort island in the South China Sea," Energy, Elsevier, vol. 82(C), pages 80-97.
    9. Petinrin, J.O. & Shaaban, Mohamed, 2015. "Renewable energy for continuous energy sustainability in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 967-981.
    10. Irwanto, M. & Gomesh, N. & Mamat, M.R. & Yusoff, Y.M., 2014. "Assessment of wind power generation potential in Perlis, Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 296-308.
    11. Md. Shahiduzzaman & Khorshed Alam, 2014. "A reassessment of energy and GDP relationship: the case of Australia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 16(2), pages 323-344, April.
    12. Bernard N. Iyke & Nicholas M. Odhiambo, 2014. "The Dynamic Causal Relationship between Electricity Consumption and Economic Growth in Ghana: A Trivariate Causality Model," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 12(2 (Summer), pages 141-160.
    13. Iyke, Bernard Njindan, 2015. "Electricity consumption and economic growth in Nigeria: A revisit of the energy-growth debate," Energy Economics, Elsevier, vol. 51(C), pages 166-176.
    14. Goh, H.H. & Lee, S.W. & Chua, Q.S. & Goh, K.C. & Teo, K.T.K., 2016. "Wind energy assessment considering wind speed correlation in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 1389-1400.
    15. Borhanazad, H. & Mekhilef, S. & Saidur, R. & Boroumandjazi, G., 2013. "Potential application of renewable energy for rural electrification in Malaysia," Renewable Energy, Elsevier, vol. 59(C), pages 210-219.
    16. Masseran, Nurulkamal, 2015. "Evaluating wind power density models and their statistical properties," Energy, Elsevier, vol. 84(C), pages 533-541.
    17. Obsatar Sinaga & Mohd Haizam Mohd Saudi & Djoko Roespinoedji & Mohd Shahril Ahmad Razimi, 2019. "The Dynamic Relationship between Natural Gas and Economic Growth: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 388-394.
    18. Ziramba, Emmanuel, 2008. "The demand for residential electricity in South Africa," Energy Policy, Elsevier, vol. 36(9), pages 3460-3466, September.
    19. Andrew Chapman & Timothy Fraser & Melanie Dennis, 2019. "Investigating Ties between Energy Policy and Social Equity Research: A Citation Network Analysis," Social Sciences, MDPI, vol. 8(5), pages 1-18, April.
    20. R. Santos Alimi, 2014. "ARDL Bounds Testing Approach to Cointegration: A Re-Examination of Augmented Fisher Hypothesis in an Open Economy," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 2(2), pages 103-114, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:38:y:2014:i:c:p:917-932. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.