A real options approach to renewable electricity generation in the Philippines

  title={A real options approach to renewable electricity generation in the Philippines},
  author={C. Agaton and H. Karl},
  journal={Energy, Sustainability and Society},
BackgroundThe Philippines is making a significant stride to become energy independent by developing more sustainable sources of energy. However, investment in renewable energy is challenged by competitive oil prices, very high investment cost for renewable energy, and high local electricity prices. This paper evaluates the attractiveness of investing in renewable energy sources over continue using oil for electricity generation.MethodsThis paper uses the real options approach to analyze how the… Expand

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