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Project Management in the Wind Energy Field. Case Study: Evaluation of Wind Energy Projects through the Net Present Value

Author

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  • Maassen Maria Alexandra

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Wind energy has become one of the main sources of green energy having reached a peak of 220 GW installed wind capacity in 2020 in the European Union according to the TPA report (2021). With the expansion of wind energy installments, project management in the field also had numerous challenges in terms of estimating wind energy projects worth implementing in terms of capital and operating costs, as well as benefits. The present article presents the main method of evaluating wind energy projects, namely the net present value applied on specific costs and benefits of a wind energy installment in order to determine whether it is worth implementing or not. The paper contributes to the scientific literature by applying this method of analyzing wind energy projects before installment, a characteristic that is compulsory for project management in the field in order to adapt the project if needed in terms of costs or revenue streams.

Suggested Citation

  • Maassen Maria Alexandra, 2023. "Project Management in the Wind Energy Field. Case Study: Evaluation of Wind Energy Projects through the Net Present Value," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 80-88, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:80-88:n:17
    DOI: 10.2478/picbe-2023-0010
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    References listed on IDEAS

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    1. Luis Miguel Fonseca & José Pedro Domingues & Alina Mihaela Dima, 2020. "Mapping the Sustainable Development Goals Relationships," Sustainability, MDPI, vol. 12(8), pages 1-15, April.
    2. Hevia-Koch, Pablo & Klinge Jacobsen, Henrik, 2019. "Comparing offshore and onshore wind development considering acceptance costs," Energy Policy, Elsevier, vol. 125(C), pages 9-19.
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