Project appraisal for small and medium size wind energy installation: The Italian wind energy policy effects

• Published in: Energy policy Vol. 74; pp. 621 - 631
• Main Authors: Fera, M., Iannone, R., Macchiaroli, R., Miranda, S., Schiraldi, M.M.
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier Ltd 01.11.2014; Elsevier; Elsevier Science Ltd
• Subjects: Applied sciences; Business; Construction costs; Cost; Cost analysis; Economic data; Electric energy; Electricity distribution; Electricity generation; Energy; Energy economics; Energy policy; Engineering; Exact sciences and technology; General, economic and professional studies; Investors; Italian small wind energy investments; Italy; Marketing; Markets; Natural energy; Power generation; Procurement; Project evaluation; Project management; Purchasing; Renewable energy in Italy; Renewable energy sources; Risk management; Small & medium sized enterprises-SME; Small and medium sized enterprises; Studies; Turbines; Western Europe; Wind energy; Wind power; Wind turbines; Italy; Risk management; Renewable energy in Italy; Italian small wind energy investments; Project management
• ISSN: 0301-4215; 1873-6777
• DOI: 10.1016/j.enpol.2014.07.012

In the last few years, the distributed energy production from small wind turbines (i.e.<200kWp) has developed into a relevant business opportunity for different investors in Italy. The market, especially in Italy, has rapidly grown, achieving 9MWp only in 2011, with an increase from 1.5MW in 2009 to 13.3MW at the end of 2011. This paper reports the results of a case study on the installation of several small wind turbines. It aims to provide an analysis of the conditions in Italy that make it possible to install these machines and offer a reliable reference for designing, planning, and controlling small wind turbine projects while focusing on the strategic variables of time, cost, and quality used by typical enterprises in the investment projects. The results are relevant to investors as well as engineering, procurement, and construction companies involved in this new sector, which must understand Italy’s renewable energy policy and its effects in practice. Moreover, certain national energy policy conclusions are reported and discussed in this paper. To properly study the sector, the data on time, cost and quality are analysed using typical project management tools. •Focus on the Italian wind energy sector.•Analysis of Italian policy effects.•Focus on small/medium size wind energy machines.