Cross-Border Electricity Transmission Network Investment: Perspective and Risk Framework of Third Party Investors
In Europe, significant amount of interconnection capacity investments are expected in the next decades. However, the risks associated with transmission network investment in the cross-border context are rarely discussed. In this paper, we develop a conceptual framework to assess the cross-border tra...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2018-09-01
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Series: | Energies |
Subjects: | |
Online Access: | http://www.mdpi.com/1996-1073/11/9/2376 |
Summary: | In Europe, significant amount of interconnection capacity investments are expected in the next decades. However, the risks associated with transmission network investment in the cross-border context are rarely discussed. In this paper, we develop a conceptual framework to assess the cross-border transmission network investment risks from the third party investor perspective. Risks are examined in relation to cost benefit perceptions in different phases of projects to shed lights of the dynamics in the life cycle of the project. The risk framework also takes into account the energy governance at different institutional level to characterize the uncertainties from cross-border coordination. The proposed risk framework is applied to the European case study. |
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ISSN: | 1996-1073 |