COURSE OVERVIEW

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using our state-of-the-art simulators. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Economics of Renewable Energy Systems. It covers the types of renewable energy sources and the comparison of renewable and non-renewable energy systems; the economic principles in energy systems, cost structures of renewable energy technologies, market mechanisms and energy pricing; the energy storage, grid integration and policy and regulation impact on renewable energy economics; the financial modelling in energy projects and capital and operational expenditure (CAPEX & OPEX); the project financing in renewable energy, payback period and return on investment (ROI); and the wind and solar projects and government and multilateral funding sources. 

 

During this interactive course, participants will learn the cost-benefit analysis of renewable energy and economic assessment of solar energy systems; the wind energy economics, biomass and bioenergy economics; the hydropower economics and geothermal energy systems; the energy markets and their dynamics including subsidies, taxes and incentives for renewable energy; the carbon pricing and emissions trading systems, renewable energy certificates (RECs) and their economic value; the global trends in renewable energy economics and policy recommendations for sustainable energy transitions; the emerging technologies and their economic impact; the renewable energy in developing economies; the impact of climate change on renewable energy economics; and integrating renewable energy with traditional energy markets.