Wind Powers Stations and Market Valuation
Teresa Maria Łaguna
Department of Spatial and Environmental Economics, University of Warmia and Mazury in OlsztynAleksander Wasiuta
Department of Spatial and Environmental Economics, University of Warmia and Mazury in OlsztynAbstract
This study presents the results of research on the market valuation of wind power stations. The valuation of wind power station projects is an individualized process and there is a growing need for systematization of the valuation theory of wind power stations as specific structures. This will enable reliable reflection of their value at each stage of the investment process, possibly due to consideration for value standards sought by different entities interested in valuation. The theoretical part presents the conditions of the development of the analysed energy sector in Poland and provides the different value categories found in valuation practice, both during project implementation and after power plant start-up. Variation in wind power station project implementation phases was then indicated, recommending the discounted cash flow method as a universal valuation tool for each stage of the project life cycle.
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Department of Spatial and Environmental Economics, University of Warmia and Mazury in Olsztyn
Department of Spatial and Environmental Economics, University of Warmia and Mazury in Olsztyn
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