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Last modified: 16 Aug 2021 13:48

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 Aberdeen Sustained Study No
  • Dr Daria Shapovalova
  • Professor Russell McKenna

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

  • Any Postgraduate Programme

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

In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

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

Teaching Breakdown

  • 1 Seminar during University weeks 26 - 31, 33 - 35, 39 - 40
  • 1 Tutorial during University weeks 26 - 31, 33 - 35, 39 - 40

More Information about Week Numbers

In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

Assessment (30%)

Open Book exam (70%)



Re-sit of only the failed assessment component(s)

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ReflectionEvaluate•Evaluate different sources of renewable energy.•Evaluate scenarios to meet energy targets and policy demands.
ReflectionApply?Discuss and explain the relationship between market energy demands and the costs of renewable energy.?Debate and explain the implications and impact of legislation and international treaties.
ReflectionUnderstand?Supply-demand relations of energy in the areas of renewable energy sources.?The UK, European and international legislations with which current new build and future projects must comply.?
ReflectionCreate•Communicate in writing to technical experts and the wider public.•Demonstrate advanced reasoning skills.•Present complex information in an intelligible fashion.

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