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Last modified: 22 May 2019 17:07

Course Overview

To provide an insight into the legislation and the economics framework which shape UK, European and international energy provisions from conventional and renewable sources.  The course also aims to cover the fundamental safety issues which are important for the all renewable energy technologies.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
  • Dr Davide Dionisi

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?


What courses cannot be taken with this course?

Are there a limited number of places available?


Course Description

This course examines global energy supply and demand relation in the context of legislations involving climate change, energy transmission and sustainability issues. The course will inform students on how economics and safety may impact on the operation of the renewable energy industry.


Climate change

Carbon trading, EU Emission Trading System

Financial support for renewables

Electricity, heating and transportation

Energy transmission and distribution



Evaluation and assessemesnt of safety for renewable energy installations


Global energy supply-demand relations

Concept of time value of money

Discounted cash flow and NPV

Other investment appraisal measures

Internal rate of return (IRR)

Selecting between alternatives in a business context

Cost reduction of renewable energy

Further Information & Notes

For students studying for the MSc Renewable Energy Engineering

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers

Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

1st attempt: Three hour written examination (70%); plus essay (30%).

Resit: The re-sit will comprise of re-doing the failed element/s (exam and/or coursework assessment/s) from the 1st attempt with a maximum CGS mark of D3. The marks for other elements (successfully passed) will be carried over. Resit mark of either RP or RF will be recorded.

Formative Assessment

There are no assessments for this course.



Course Learning Outcomes

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