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Please use this identifier to cite or link to this item: http://hdl.handle.net/10481/45022

Title: Decision-Making for Risk Management in Sustainable Renewable Energy Facilities: A Case Study in the Dominican Republic
Authors: Guerrero-Liquet, Guido C.
Sánchez Lozano, Juan Miguel
García-Cascales, María Socorro
Lamata, María Teresa
Verdegay, José Luis
Issue Date: 2016
Abstract: Today, Renewable Energy Sources (RES) are a key pillar to achieving sustainable development, which is the main reason why energy projects are being carried out not only in developed countries but also in many emerging countries. Since the technical and financial risk remains a major barrier to financing renewable energy projects, several mechanisms are available to reduce risks on investment into clean energy projects. This paper discusses risk management tools in solar photovoltaic facilities based on the guide to the Project Management (PMBOK Guide). To do this, a combination of different decision-making methodologies will be carried out. These methodologies enable to not only extract the knowledge by experts but also to know the causes and effects that help to make the best decision. In order to do so, techniques to seek information (Delphi and Checklist) as well as diagram techniques such as cause and effect diagrams or Strengths Weaknesses Opportunities and Threats (SWOT) are applied. The categorization and prioritization of risks will be carried out through the Analytic Hierarchy Process (AHP). Finally, a sensitivity analysis will allow for providing consistency to the obtained results. A real case in the Dominican Republic will also be presented as case study.
Publisher: MPDI
Keywords: Risk management
Renewable energies
Multicriteria decision-making
Analytic hierarchy process
Delphi
URI: http://hdl.handle.net/10481/45022
ISSN: 2071-1050
Rights : Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License
Citation: Guerrero-Liquet, G. C. [et al]. Decision-Making for Risk Management in Sustainable Renewable Energy Facilities: A Case Study in the Dominican Republic. Sustainability 2016, 8, 455. [http://hdl.handle.net/10481/45022]
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