A real options approach to renewable electricity generation in the Philippines

Table 1 Summary of ROA in literature

Author	Year	Country	RE type	Uncertainty	Ref.
Detert and Kotani	2013	Mongolia	Hybrid	Non-RE cost	[7]
Lee et al.	2013	Korea	Hydro	CER price	[13]
Abadie and Chamorro	2014	UK	Wind	FIT, energy production, subsidy	[28]
Kim et al.	2014	Korea	Wind	Non-RE cost	[12]
Jeon et al.	2015	Korea	Hydro	FIT, energy production, interest rate, risk free rate, exchange rate	[29]
Weibel and Madlener	2015	Germany	Hybrid	Energy production, FIT, investment cost	[8]
Wesseh and Lin	2015	Liberia	Hybrid	Non-RE price, R&D funding	[9]
Barrera et al.	2016	Europe	CSP	R&D grant	[30]
Eryilmaz and Homans	2016	USA	Wind	PTC, REC	[31]
Ritzenhofen and Spinler	2016	Germany	Wind	FIT	[32]
Zhang et al.	2016	China	PV	Non-RE cost, FIT, investment cost	[10]
Kim et al.	2017	Indonesia	Hydro	Energy production, FIT, CER, O&M cost	[5]
Kitzing et al.	2017	Europe	Wind	Energy price, wind speed	[11]
Tian et al.	2017	China	PV	Investment cost	[14]

ISSN: 2192-0567