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dc.creatorOchoa C.M.spa
dc.creatorBetancur J.D.H.spa
dc.creatorMunera O.M.G.spa
dc.date.accessioned2015-10-09T13:18:27Z
dc.date.available2015-10-09T13:18:27Z
dc.date.created2011
dc.identifier.issn1203592
dc.identifier.urihttp://hdl.handle.net/11407/1409
dc.description.abstractDifferent eolic energy project valuation methodologies were assessed for the Colombian case, namely the discounted cash flow and real option approaches, the latter applied by estimating option extended values and including a real expansion possibility. In order to estimate volatility, which is a fundamental real option valuation parameter, the prices of the factors most outstandingly affecting it, namely electric power and winds, were simulated. It is concluded that the projects in question would not be considered viable through traditional valuation methods, but their actual feasibility comes clear by applying the real option approach, all the more when taking into account current tax and other incentives such as Emission Reduction Certificates.eng
dc.language.isoeng
dc.relation.isversionofhttp://www.scopus.com/inward/record.url?eid=2-s2.0-84868132499&partnerID=40&md5=2358cbfecd724aed98ee0f713de86eb6spa
dc.sourceScopusspa
dc.typeArticleeng
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.contributor.affiliationDepartamento de Finanzas, Universidad Eafit, Investigadora del Grupo de Investigación en Finanzas y Banca (gifyb), Medellín, Colombiaspa
dc.contributor.affiliationUniversidad de Medellín, Medelín, Colombiaspa
dc.contributor.affiliationUniversidad Nacional de Colombia, Bogotá, Colombiaspa
dc.subject.keywordDiscounted cash floweng
dc.subject.keywordEolic energyeng
dc.subject.keywordExtended valueeng
dc.subject.keywordPresent net valueeng
dc.subject.keywordReal optionseng
dc.subject.keywordVolatilityeng
dc.relation.ispartofenCuadernos de Administracion, enero/junio 2012, volume 25, issue 44, pp 193-231eng
dc.title.englishThe valuation of eolic energy projects in Colombia under the real option approach [La valoración de proyectos de energía eólica en Colombia bajo el enfoque de opciones reales]eng
dc.type.driverinfo:eu-repo/semantics/article


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