A Decision Support Tool for the Risk Management of Offshore Wind Energy Projects

Authors

André Koukal, Leibniz University Hannover, Institute of Computer Science for Business Administration, Hannover, GermanyFollow
Michael H. Breitner, Leibniz University Hannover, Institute of Computer Science for Business Administration, Hannover, GermanyFollow

Abstract

This paper provides a decision support tool (DST) to analyze and evaluate the project value of offshore wind energy projects within the framework of project finance. The DST is based on a discounted cash-flow model in combination with a Monte Carlo simulation (MCS) to measure project risks and manage these risks. To consider the special requirements of debt capital providers in this context, key figures like the debt service cover ratio (DSCR) are calculated. The DST is realized in Excel/VBA with the Excel Add-In Oracle Crystal Ball. An offshore wind park example in the German North Sea is simulated to validate the underlying simulation model and the DST.

Recommended Citation

Koukal, André and Breitner, Michael H., "A Decision Support Tool for the Risk Management of Offshore Wind Energy Projects" (2013). Wirtschaftsinformatik Proceedings 2013. 106.
https://aisel.aisnet.org/wi2013/106