Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2023.2183420
Sustainability, investment strategy, and governance: evaluation of wind energy sector in North-West Spain
Raquel Fernández-González
Félix Puime-Guillén
Nataša Tandir
Francisco Rodríguez de Prado
Sažetak
Climate change is one of the greatest challenges humanity faces globally.
For this reason, governmental efforts to reduce emissions of
polluting gases have multiplied in the last decade. Against this panorama,
petroleum companies have adopted a strategic policy focused
on energy diversification, intending to contribute to sustainable
development. In the case of Spain, wind energy has been one of the
renewable energies that have attracted the most investment from
petroleum companies. In particular, this trend is especially acute in
Galicia (a region located in the northwest of Spain), since its biophysical
conditions and, above all, its institutional framework for the promotion
of photovoltaic energy has aroused the interest of petroleum
companies. The objective of this article is to perform a feasibility analysis
of an average wind project in Galicia. through the calculation of
the initial investment, the necessary financing, and the preparation of
balance sheets and profit and loss accounts. For this purpose, the
methodology used is based on the preparation of a feasibility plan,
through which the necessary investment is analyzed and the flows of
receipts and payments generated by the company are considered. In
this way, this analysis is intended to be useful for companies that are
considering the appropriateness/inappropriateness to carry out this
type of investment. The results show a high internal rate of return,
which indicates the high profitability of the project.
Ključne riječi
Wind energy; climate change; sustainability; economic-financial analysis
Hrčak ID:
314047
URI
Datum izdavanja:
15.5.2023.
Posjeta: 79 *