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An Integrated Assessment Framework of Offshore Wind Power Projects Applying Equator Principles and Social Life Cycle Assessment

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  • Yu-Che Tseng

    (Institute of Natural Resource Management, National Taipei University, New Taipei City 23741, Taiwan
    Partner and Taiwan CPA, Climate Change and Sustainability Service, Ernst and Young 11012, Taiwan)

  • Yuh-Ming Lee

    (Institute of Natural Resource Management, National Taipei University, New Taipei City 23741, Taiwan)

  • Shih-Jung Liao

    (Institute of Natural Resource Management, National Taipei University, New Taipei City 23741, Taiwan)

Abstract

This paper reviews offshore wind power project finance and provides an integrated assessment that employs Equator Principles, life cycle assessment, risk assessment, materiality analysis, credit assessment, and ISAE 3000 assurance. We have not seen any comprehensive review papers or book chapters that covers the entire offshore wind power project finance process. We also conducted an SWancor Formosa Phase 1 case study to illustrate the application of integrated assessment to better assist policymakers, wind farm developers, practitioners, potential investors and observers, and stakeholders in their decisions. We believe that this paper can form part of the effort to reduce information asymmetry and the transaction costs of wind power project finance, as well as mobilize green finance investments from the financial sector to renewable energy projects to achieve a national renewable energy policy.

Suggested Citation

  • Yu-Che Tseng & Yuh-Ming Lee & Shih-Jung Liao, 2017. "An Integrated Assessment Framework of Offshore Wind Power Projects Applying Equator Principles and Social Life Cycle Assessment," Sustainability, MDPI, vol. 9(10), pages 1-17, October.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:10:p:1822-:d:114601
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    References listed on IDEAS

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    1. Shui-Yan Tang & Ching-Ping Tang & Carlos Wing-Hung Lo, 2005. "Public Participation and Environmental Impact Assessment in Mainland China and Taiwan: Political Foundations of Environmental Management," Journal of Development Studies, Taylor & Francis Journals, vol. 41(1), pages 1-32.
    2. Kao, Shih-Ming & Pearre, Nathaniel S., 2017. "Administrative arrangement for offshore wind power developments in Taiwan: Challenges and prospects," Energy Policy, Elsevier, vol. 109(C), pages 463-472.
    3. Martínez, E. & Jiménez, E. & Blanco, J. & Sanz, F., 2010. "LCA sensitivity analysis of a multi-megawatt wind turbine," Applied Energy, Elsevier, vol. 87(7), pages 2293-2303, July.
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    Cited by:

    1. Yonggu Kim & Eul-Bum Lee, 2018. "A Probabilistic Alternative Approach to Optimal Project Profitability Based on the Value-at-Risk," Sustainability, MDPI, vol. 10(3), pages 1-24, March.
    2. Kristina Sehlin MacNeil & Sheelagh Daniels-Mayes & Skye Akbar & Jillian Marsh & Jenny Wik-Karlsson & Åsa Össbo, 2021. "Social Life Cycle Assessment Used in Indigenous Contexts: A Critical Analysis," Sustainability, MDPI, vol. 13(9), pages 1-14, May.
    3. Laura Castro-Santos & Almudena Filgueira-Vizoso & Carlos Álvarez-Feal & Luis Carral, 2018. "Influence of Size on the Economic Feasibility of Floating Offshore Wind Farms," Sustainability, MDPI, vol. 10(12), pages 1-13, November.
    4. Eva Segura & Rafael Morales & José A. Somolinos, 2019. "Influence of Automated Maneuvers on the Economic Feasibility of Tidal Energy Farms," Sustainability, MDPI, vol. 11(21), pages 1-22, October.
    5. Park, Seona & Yun, Sun-Jin & Cho, Kongjang, 2024. "Energy justice: Lessons from offshore wind farm siting conflicts in South Korea," Energy Policy, Elsevier, vol. 185(C).
    6. Solano-Olivares, K. & Santoyo, E. & Santoyo-Castelazo, E., 2024. "Integrated sustainability assessment framework for geothermal energy technologies: A literature review and a new proposal of sustainability indicators for Mexico," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
    7. Rizal Taufiq Fauzi & Patrick Lavoie & Luca Sorelli & Mohammad Davoud Heidari & Ben Amor, 2019. "Exploring the Current Challenges and Opportunities of Life Cycle Sustainability Assessment," Sustainability, MDPI, vol. 11(3), pages 1-17, January.

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