Last modified: 22 May 2019 17:07
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.
|Session||Second Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
|Campus||Old Aberdeen||Sustained Study||No|
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.
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
For students studying for the MSc Renewable Energy Engineering
Information on contact teaching time is available from the course guide.
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.
There are no assessments for this course.