PGE/REWE 2015

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Improving Front-End Development of Renewable Energy Projects through a Data Envelopment Analysis (DEA) Approach (Room G107)

The energy transition and European targets for national renewable energy production levels by 2020 leads to an expected increase in renewable energy investments in the forthcoming years. The shift from large, centralised energy production to smaller, decentralised energy production reduced the barriers to enter the energy market and opened the market for new developers. New developers that are often lack experience in renewable energy project development and sector specific knowledge. This lack of experience reduces the potential for lessons learned and diminishes the chances on a quick development of a common knowledge base. The influence of the early development phases of a project on the overall project outcome is significant. To address this issue, a framework is developed. This framework is aimed specifically at increasing the assessment and comparability of the front-end (early) development of renewable energy projects. An exploratory analysis is performed to identify a set of relevant criteria that together cover the full range of project development and not just the execution phases. The developed Data Envelopment Analysis (DEA) framework is able to assess the performance of single projects as well as compare the relative performance of different projects. In time it has the potential to develop the sector with lessons learned. Developed with renewable energy advisors as well as project developers, the framework is able to provide increased insight in the successful development of renewable energy projects.