DISTRES - Promotion and consolidation of all Research and Technology Development activities for Renewable Energy Distributed Generation Technologies in the Mediterranean region
Type
applied research project
Start Date
January 1, 2007
End Date
December 31, 2009
Status
completed
Keywords
Solar Energy
Renewable Energy
Distributed Energy
Business Model
Energy Policy
Finance
European Union
Mediterranean
International Collaboration
Coordination Action
Description
The overall goal of the DISTRES co-ordination action project is to exchange and disseminate good practice developed in the field of renewable energy sources distributed generation (RES-DG) technologies by isolated research activities and perform studies and/or analyses for the Mediterranean needs. DISTRES is a three year co-ordination action project. Since solar potential is an abundant commodity in the Mediterranean region the area of interest of DISTRES will be primarily on the electricity produced from solar energy (photovoltaic and/or solar thermal concentrating systems) from DG systems. DISTRES specific scientific and technological objectives may be summarised as (a) to co-ordinate RTD projects in RES-DG technologies, (b) to promote the electricity generation from solar energy, photovoltaic (PV) systems and solar thermal systems, paving the way for pilot systems and products, (c) to produce capacity building methodologies and (d) to disseminate the results as widely as possible in the Mediterranean countries and in the EU. DISTRES work program is organised into five integrated work-packages (WP). Three of these WPs contain review work and workshops organisation, whilst the fourth WP covers capacity building and dissemination including a conference organisation. The last WP concerns the project management and the coordination of DISTRES activities. The consortium set-up has participants from 11 countries, 6 from within Europe, plus Mediterranean partners from Algeria, Morocco, Egypt, Lebanon and Palestine. DISTRES provides the opportunity for the EU to establish clear leadership in the area of RES-DG research efforts on solar thermal and PV systems.
Leader contributor(s)
Member contributor(s)
Luethi, Sonja
Partner(s)
Electricity Authority of Cyprus, Dr. Andreas Poullikkas
Funder
Topic(s)
Solar Energy
Renewable Energy
Distributed Energy
Business Model
Energy Policy
Finance
European Union
Mediterranean
International Collaboration
Coordination Action
Method(s)
Survey
Interviews
Range
HSG Internal
Range (De)
HSG Intern
Eprints ID
40461
Funding code
031569
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Item type:Publication, The Price of Policy Risk - Empirical Insights from Choice Experiments with European Photovoltaic Project Developers(Institute for Economy and the Environment, Univ. St. Gallen, 2011) ;Luethi, SonjaManaging the transition to a renewable energy future is an important policy priority in many countries. Solar photovoltaic (PV) technology is expected to make an important contribution, but due to relatively higher cost, its growth to date has been largely driven by public policy, notably feed-in tariffs. Feed-in tariffs have been implemented in various countries, however with widely differing outcomes in terms of installed PV capacity. Previous research indicates that the level of policy risk may be an important driver for differences in renewable energy policy effectiveness. More specifically, we suggest that investors who take a decision between PV investment opportunities in different countries carefully weigh feed-in tariff-induced returns against a set of policy risks, and choose the country with the most favorable risk-return profile. We empirically test this model based on a stated preference survey among European PV project developers, consisting of 1575 choice decisions by 63 investors. The findings of our study demonstrate that risk matters in PV policy design, and that a "price tag" can be attached to specific policy risks such as the duration of administrative processes or uncertainty induced by an approaching capacity cap. Governments can build on our empirical results to design policies that will be effective in attracting private PV investment, while at the same time maintaining efficiency by providing an adequate compensation for policy risk.Type:working paper - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Effective Deployment of Photovoltaics in the Mediterranean countries: Balancing Policy Risk and Return(Elsevier Ltd., 2010-06)Luethi, SonjaAlthough the Mediterranean region is blessed with abundant solar resources, photovoltaic energy currently represents a very small share of power production. In Germany however, a much less sunny country, the photovoltaic (PV) industry is booming. This country has become a front runner in the adoption of PV because of effective policy incentives. Based on a cross-case study analysis of the German, Spanish and Greek PV markets, this paper investigates factors determining the effectiveness of PV policies. Our analysis shows that, above a certain level of return, risk-related factors (such as policy instability and administrative hurdles) play a more important role in influencing investment decisions than return-related factors (such as the level of a feed-in tariff).Type:newspaper articleJournal:Solar EnergyVolume:84Issue:6 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The price of policy risk - Empirical insights from choice experiments with European photovoltaic project developersManaging the transition to a renewable energy future is an important policy priority in many countries. Solar photovoltaic (PV) technology is expected to make an essential contribution, but due to relatively high cost, its growth to date has been largely driven by public policy, notably feed-in tariffs. Feed-in tariffs have been implemented in various countries, but with widely differing outcomes in terms of installed PV capacity. Previous research indicates that the level of policy risk may be an important driver for differences in renewable energy policy effectiveness. This paper suggests that project developers who make a decision between PV investment opportunities in different countries carefully weigh feed-in tariff-induced returns against a set of policy risks, and choose the country with the most favorable risk-return profile. This model is empirically tested by a stated preference survey among European PV project developers, consisting of 1575 choice decisions by 63 investors. The findings demonstrate that risk matters in PV policy design, and that a "price tag" can be attached to specific policy risks, such as the duration of administrative processes or uncertainty induced by an approaching capacity cap. Governments can build on these empirical results to design policies that will be effective in attracting private PV investment, while at the same time maintaining efficiency by providing an adequate compensation for policy risk.Type:journal articleJournal:Energy EconomicsVolume:34Issue:4Scopus© Citations 131