Search results for " Energy industry"
showing 4 items of 14 documents
Using Project Finance to Fund Long-term Investments in the Energy Industry.
2013
Project finance has emerged as a leading way to finance large projects in energy industry. The basic characteristic of project finance is that lenders loan money for the development of a project solely based on the specific project’s risks and future cash flows. This highlights a key feature of project finance due to the capacity to generate cash flows to ensure the repayment of loans and adequate returns on equity capital. A revenue stream from the project large enough is a prerequisite for project financing. The paper aims to assess the drivers of credit risk in project finance. Credit risk is one of the risks to which the project lenders are exposed. In particular, the proposed paper aim…
Introduction: Energy, Policy and the Environment: Modeling Sustainable Development for the North
2011
Climate change is unequivocal (IPCC 2007) and it has brought questions of energy and the environment to the forefront. It is unclear to what extent the traditional environmental concern and environmental policy suffice in addressing issues such as climate change while global greenhouse gases continue to increase at a steady rate, as does the depletion of fossil fuels. Ensuring the availability of energy is the key to maintaining current levels of well-being in societies and growth in the global economy. Given that production and utilization of energy and the environment are inherently interlinked, energy policies and changes in economic structures, which focus on alternative modes of energy…
Project Finance in the Energy Industry: An Integrated Approach to Credit Risk Assessment
2011
Project finance has emerged as a leading way to finance large projects in energy industry. The basic characteristic of project finance is that lenders loan money for the development of a project solely based on the specific project’s risks and future cash flows. This highlights a key feature of project finance due to the capacity to generate cash flows to ensure the repayment of loans and adequate returns on equity capital. A revenue stream from the project large enough is a prerequisite for project financing. The paper aims to assess the drivers of credit risk in project finance. Credit risk is one of the risks to which the project lenders are exposed. In particular, the proposed paper aim…
Economical evaluation of ecological benefits of the demand side management
2014
Environmental pollution and over-exploitation of non-renewable sources to find energy are current topics for the modern world that is now at having to deal with several issues such as the greenhouse effect, acid rain and climate change. In this study, the economical estimate of the savings in carbon dioxide obtained with a careful management of electrical loads is presented. Four particular scenarios are designed as case studies: Italy, France, United Kingdom and Germany. A comparison is presented with a similar study, made in 2007, when green energies were not yet very developed.