Optimal investment portfolio strategies for power enterprises under multi-policy scenarios of renewable energy

M Zhang, Y Tang, L Liu, D Zhou - Renewable and Sustainable Energy …, 2022 - Elsevier
Planning a portfolio that includes different power generation technologies is an important
method to ensure expected value and to reduce risks for the project investment of electric …

Optimal design of subsidy to stimulate renewable energy investments: The case of China

MM Zhang, DQ Zhou, P Zhou, HT Chen - Renewable and Sustainable …, 2017 - Elsevier
This paper proposes a real options model for estimating the optimal subsidy for renewable
energy power generation project by using stochastic process to describe the market price of …

Energy investment risk assessment for nations along China's Belt & Road Initiative

F Duan, Q Ji, BY Liu, Y Fan - Journal of cleaner production, 2018 - Elsevier
Overseas energy investment as an effective way of securing energy supply is being favored
by the world's leading energy consuming countries. However, energy investment has the …

A real options model for renewable energy investment with application to solar photovoltaic power generation in China

MM Zhang, P Zhou, DQ Zhou - Energy Economics, 2016 - Elsevier
This paper proposes a real options model for evaluating renewable energy investment by
considering uncertain factors such as CO 2 price, non-renewable energy cost, investment …

Evaluating uncertain investment decisions in low-carbon transition toward renewable energy

MM Zhang, Q Wang, D Zhou, H Ding - Applied Energy, 2019 - Elsevier
This paper proposed a model for solving the investment decisions amidst uncertainty in the
low-carbon transition toward renewable energy. The real option method is used and …

Optimal feed-in tariff for solar photovoltaic power generation in China: A real options analysis

MM Zhang, DQ Zhou, P Zhou, GQ Liu - Energy Policy, 2016 - Elsevier
The feed-in tariff policy is widely used to promote the development of renewable energy.
China also adopts feed-in tariff policy to attract greater investment in solar photovoltaic …

How can carbon capture utilization and storage be incentivized in China? A perspective based on the 45Q tax credit provisions

JL Fan, M Xu, L Yang, X Zhang, F Li - Energy Policy, 2019 - Elsevier
Carbon capture utilization and storage (CCUS) technologies are crucial for achieving long-
term climate change goals in China. Drawing on the 45Q tax credit provisions enacted by …

Shale gas investment decision-making: Green and efficient development under market, technology and environment uncertainties

H Liu, Z Zhang, T Zhang - Applied Energy, 2022 - Elsevier
The investment in shale gas green and efficient development in China faces many uncertain
factors that affect the investment decision-making of enterprises, which contributes to …

Valuing investment decisions of renewable energy projects considering changing volatility

M Zhang, L Liu, Q Wang, D Zhou - Energy Economics, 2020 - Elsevier
Volatility is an important parameter when evaluating investments using the real options
method. For renewable energy investments, the volatility of cash flow continuously changes …

Regional feed-in tariff mechanism for photovoltaic power generation in China considering tradable green certificate revenue

Y Fu, C Yang, L Zhang, L Wang, K Jiang - Journal of Cleaner Production, 2024 - Elsevier
This study introduces a new regional feed-in tariff (FIT) pricing mechanism for solar
photovoltaic (PV) energy in China, informed by real option (RO) theory and incorporating the …