Biopower from direct firing of crop and forestry residues in China: A review of developments and investment outlook

CORC > 生态环境研究中心 > 中国科学院生态环境研究中心 > 城市与区域生态国家重点实验室

	Biopower from direct firing of crop and forestry residues in China: A review of developments and investment outlook
	Gosens, Jorrit
刊名	BIOMASS & BIOENERGY
	2015-02
卷号	73 期号:1 页码:110-123
关键词	China Biomass power Financial parameters Net Present Value (NPV) Investment outlook
英文摘要	This paper reviews developments in the direct-fired biomass power sector and provides an up to date investment outlook by calculating the Net Present Value of new investments, and the appropriate level of Feed-in-Tariff needed to stimulate future investment. An overview is provided of support policies, historical growth in installations, and main market players. A number of data sources is combined to build a database with detailed information of individual biopower projects. This data is used to describe technological and market trends, which are used in a cash flow model to calculate the NPV of a typical project. The NPV for new projects is estimated to be negative, and investment should be expected to stall without proper policy intervention. Increasing fuel prices, local competition over biomass fuel resources, lower than expected operational performance and a downturn in carbon markets have deteriorated the investment outlook. In order to ensure reasonable profitability, the Feed-In-Tariff should be increased, from the current level of 90.9 (sic) MWh(-1), to between 97 and 105 (sic) MWh(-1). Where possible, government organizations should help organize demand for the supply of heat. Local rural energy bureaus may help organize supply networks for biomass fuels throughout the country, in order to reduce seasonal and local fuel scarcity and price fluctuations. (C) 2014 Elsevier Ltd. All rights reserved.
研究领域[WOS]	Agricultural Engineering ; Biotechnology & Applied Microbiology ; Energy & Fuels
WOS记录号	WOS:000350534200012
公开日期	2016-03-08
内容类型	期刊论文
源URL	[http://ir.rcees.ac.cn/handle/311016/32262]
专题	生态环境研究中心_城市与区域生态国家重点实验室
推荐引用方式 GB/T 7714	Gosens, Jorrit. Biopower from direct firing of crop and forestry residues in China: A review of developments and investment outlook[J]. BIOMASS & BIOENERGY,2015,73(1):110-123.
APA	Gosens, Jorrit.(2015).Biopower from direct firing of crop and forestry residues in China: A review of developments and investment outlook.BIOMASS & BIOENERGY,73(1),110-123.
MLA	Gosens, Jorrit."Biopower from direct firing of crop and forestry residues in China: A review of developments and investment outlook".BIOMASS & BIOENERGY 73.1(2015):110-123.