{"product_id":"investing-in-the-renewable-power-market-isbn-9780470878262","title":"Investing in the Renewable Power Market","description":"\u003cb\u003eThe financial challenges facing clean energy installations\u003c\/b\u003e  \u003cp\u003eThe path to the widespread adoption of renewable energy is littered with major technological legal, political, and financial challenges. \u003ci\u003eInvesting in the Renewable Power Market\u003c\/i\u003e is a reality check for the mass roll out of green energy and its financial dominance of the world energy market, focusing on real energy costs and global energy needs over the next decade. If green energy is to be truly successful, the market must be properly understood, so that dreams of a green future do not lead to actual energy nightmares.\u003c\/p\u003e \u003cp\u003eThe first book to cover the major investing challenges and monetary constraints placed on electric power companies as they race to meet their green energy requirements, \u003ci\u003eInvesting in the Renewable Power Market\u003c\/i\u003e explains how generating electricity is totally different from other energy enterprises in that it is highly regulated and its product cannot be stored. This combination greatly affects the finances of renewable power and influences how investors should navigate the energy market. To help the reader better understand the current state of the alternative energy industry, the book:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDetails the challenges facing green energy, such as the fact that it is priced compared to natural gas, which is currently at an all-time low\u003c\/li\u003e \u003cli\u003eAnalyzes real energy costs and the global demand for energy over the next decade\u003c\/li\u003e \u003cli\u003eDescribes why, in the short term, investment opportunities with renewable power will be with financial and operational restructurings\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe green energy market is currently facing enormous challenges, but \u003ci\u003eInvesting in the Renewable Power Market\u003c\/i\u003e explains the real costs of energy, the future of the energy market, and how to profit in both the long and short term.\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eIntroduction xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 An Overview of Renewable Power 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s All About Natural Gas 2\u003c\/p\u003e \u003cp\u003eControl of CO\u003csub\u003e2\u003c\/sub\u003e Emissions is Not Currently Possible 3\u003c\/p\u003e \u003cp\u003eReality of Demand-Side Management 6\u003c\/p\u003e \u003cp\u003eSummary 7\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Analyzing Power Project Economics 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRegulated Utilities 9\u003c\/p\u003e \u003cp\u003eEvaluating a Power Plant 12\u003c\/p\u003e \u003cp\u003eFinancing a Power Plant 15\u003c\/p\u003e \u003cp\u003eHedge Providers 17\u003c\/p\u003e \u003cp\u003eOpportunities with Distressed Renewables 19\u003c\/p\u003e \u003cp\u003eSummary 21\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Challenges of Renewable Power Projects 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax Issues 23\u003c\/p\u003e \u003cp\u003eSpecial Exemptions 25\u003c\/p\u003e \u003cp\u003eSummary 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Risk Assessment for Power Projects 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProject Risk Assessment and Risk Mitigations 32\u003c\/p\u003e \u003cp\u003ePrecompletion Risks\/Mitigants 32\u003c\/p\u003e \u003cp\u003ePostcompletion Risks\/Mitigants 39\u003c\/p\u003e \u003cp\u003eSummary 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Exploiting Profitability of Distressed and Abandoned Municipal Power Plants 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWaste-Fuel Projects Have Key Financial Advantages for Investors 42\u003c\/p\u003e \u003cp\u003eDuties of Professionals in a Municipal Power Plant 42\u003c\/p\u003e \u003cp\u003eThe Professional Feasibility Study Engineer 44\u003c\/p\u003e \u003cp\u003eDisclosures of Risks in the Bond Offering Materials 45\u003c\/p\u003e \u003cp\u003eCalculation of Debt Service Coverage 50\u003c\/p\u003e \u003cp\u003eInvestment Opportunities at Troubled Municipal Power Plants 53\u003c\/p\u003e \u003cp\u003eSummary 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Energy Storage 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCheap Energy Storage—TheMost Vital Game Changer in the World 56\u003c\/p\u003e \u003cp\u003eOpening theMarket for Historic Energy Storage Financing 58\u003c\/p\u003e \u003cp\u003eCategories of Energy Storage Technologies 60\u003c\/p\u003e \u003cp\u003eU.S. Regional Multi-Energy Storage Collaborations 63\u003c\/p\u003e \u003cp\u003eFlywheel Technology Energy Storage Has the Lowest Cycle-Life-Cost 65\u003c\/p\u003e \u003cp\u003eSummary 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Shale Natural Gas and Its Effect on Renewable Power 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFracking 69\u003c\/p\u003e \u003cp\u003eNew Attitudes in Natural Gas 70\u003c\/p\u003e \u003cp\u003eCost of Production 72\u003c\/p\u003e \u003cp\u003eSummary 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Solar PV and Solar Thermal Power Plants 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Economics of Solar Power 77\u003c\/p\u003e \u003cp\u003eFinancing Techniques 78\u003c\/p\u003e \u003cp\u003eThe Technology 80\u003c\/p\u003e \u003cp\u003eSummary 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Wind Power Plants 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProjects Overview 83\u003c\/p\u003e \u003cp\u003eWind Project Economics 85\u003c\/p\u003e \u003cp\u003eWind Project Power Contracting 87\u003c\/p\u003e \u003cp\u003eWind Energy Prediction 90\u003c\/p\u003e \u003cp\u003eSummary 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Electric Power Transmission 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 93\u003c\/p\u003e \u003cp\u003eGrid Input, Losses, and Exit 98\u003c\/p\u003e \u003cp\u003eHigh-Voltage Direct Current 99\u003c\/p\u003e \u003cp\u003eControlling the Components of the Transmission System 99\u003c\/p\u003e \u003cp\u003eElectricity Market Reform: Costs and Merchant Transmission Arrangements 100\u003c\/p\u003e \u003cp\u003eAdditional Concerns 102\u003c\/p\u003e \u003cp\u003eSummary 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Natural Gas Power Plants 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGas Turbine Engines 107\u003c\/p\u003e \u003cp\u003eBenefits of Gas Turbine Engines 109\u003c\/p\u003e \u003cp\u003eGas Turbines and CO\u003csub\u003e2\u003c\/sub\u003e 109\u003c\/p\u003e \u003cp\u003eGas Turbine Operations 110\u003c\/p\u003e \u003cp\u003eSummary 111\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Coal-Fired Power Plants 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCoal’s High Output Capacity 113\u003c\/p\u003e \u003cp\u003eLife of a Coal Plant 115\u003c\/p\u003e \u003cp\u003eExtending Coal Plant Operations 116\u003c\/p\u003e \u003cp\u003eCoal Technologies 118\u003c\/p\u003e \u003cp\u003eSummary 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Biomass Energy and Biomass Power Plants 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWood Waste 123\u003c\/p\u003e \u003cp\u003eEconomics of Biomass 125\u003c\/p\u003e \u003cp\u003eSummary 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Nuclear Power Energy Plants 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGlobal Impact of Japan’s Three Nuclear Plant Meltdowns 128\u003c\/p\u003e \u003cp\u003eComparative Costs of Energy 130\u003c\/p\u003e \u003cp\u003eKey to the EIA Cost Estimates 130\u003c\/p\u003e \u003cp\u003eNuclear Power Plants’ 50 Years of Electricity Globally 135\u003c\/p\u003e \u003cp\u003eRequired Up-Front Payment for Nuclear Waste Disposal before a New Plant’s Approval 136\u003c\/p\u003e \u003cp\u003eAsia Will Lead the Next Shift to Nuclear Power Plant Development 137\u003c\/p\u003e \u003cp\u003eChina’s New Nuclear Reprocessing is a Vast Expansion of Atomic Fuel 139\u003c\/p\u003e \u003cp\u003eSummary: Nuclear Power Faces a Capital Cost and Ongoing Local Approval Challenge 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Hydropower Plants 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Unique Renewable Technology 143\u003c\/p\u003e \u003cp\u003eHydropower and RECs 145\u003c\/p\u003e \u003cp\u003eHydropower Economics 149\u003c\/p\u003e \u003cp\u003eSummary 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Geothermal Power Plants 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSteam Technology 153\u003c\/p\u003e \u003cp\u003eGeothermal Project Costs 155\u003c\/p\u003e \u003cp\u003eHydrothermal Power Systems 156\u003c\/p\u003e \u003cp\u003eGround-Source Heat Pumps 156\u003c\/p\u003e \u003cp\u003eStanding Column Wells 158\u003c\/p\u003e \u003cp\u003eEnhanced Geothermal Systems 158\u003c\/p\u003e \u003cp\u003eDirect Use of Geothermal Energy 159\u003c\/p\u003e \u003cp\u003eSummary 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Energy Efficiency and Smart Grid 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDemand-Side Management 163\u003c\/p\u003e \u003cp\u003eAdvanced Meter Infrastructure 166\u003c\/p\u003e \u003cp\u003eIncreasing Energy Needs 167\u003c\/p\u003e \u003cp\u003eSummary 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003eConclusion 171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere Do We Stand Today in Terms of Renewable Energy? 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B: DTC’s Coal vs. Natgas Displacement Model Methodology, January 6, 2009 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDTC’s Coal\/Natgas Displacement Model Methodology 183\u003c\/p\u003e \u003cp\u003eHow Much Natgas is Needed to Displace Coal? 190\u003c\/p\u003e \u003cp\u003eAbout the Authors 193\u003c\/p\u003e \u003cp\u003eIndex 195\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTHOMAS FOGARTY\u003c\/b\u003e has spent his entire career managing energy industry project development and financing electric power projects. He has written an editorial in the \u003ci\u003eDaily Bankruptcy Review\u003c\/i\u003e and has been quoted on the many current challenges facing renewable power. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eROBERT LAMB\u003c\/b\u003e is a Professor at New York University's Stern School of Business and a management consultant. He was previously strategy advisor and debt advisor to the New York State Power Authority and, over the past twenty-five years, has developed and taught customized courses for investment banks and corporations, including Goldman Sachs, Deutsche Bank, Merrill Lynch, Morgan Stanley, Citibank, and American Express. Dr. Lamb has written numerous books and contributed chapters on the financing of public power projects and is a founding member of Standard \u0026amp; Poor's Academic Counsel of Advisors.   \u003c\/p\u003e\u003cp\u003eIt's easy to be entranced by dreams of a world powered entirely by renewable energy, but numerous technological, legal, political, and financial challenges stand in the way of an all-green future. Water, wind, solar, and other sustainable energy sources have great upside, but can be incredibly expensive to develop and implement. Designed to help investors, energy practitioners, students, and anyone interested in green energy to understand the costs, benefits, rewards, and limitations of renewable power today and for the foreseeable future, \u003ci\u003eInvesting in the Renewable Power Market\u003c\/i\u003e evaluates the entire spectrum of energy resources—fossil-based and renewable—looking at the technical and economic issues that determine their profitability and feasibility. \u003c\/p\u003e\u003cp\u003eSustainable energy sources have become a hot topic in recent years, but until now, no book has explored the market competition between green and traditional technologies. Beginning with an overview of renewable power projects, including a look at the current energy market, the book encompasses everything from analyzing power project economics to in-depth assessments of individual power sources ranging from solar thermal plants to nuclear energy. \u003c\/p\u003e\u003cp\u003eA cutting-edge look at the many recent developments in renewable energy technologies, the book explores how sustainable resources compare to energy produced from fossil fuels, extant energy storage technologies, energy transmission and demand-side management, and much more. Energy generated using renewable methods is radically different from other energy enterprises—it is highly regulated and the product cannot be stored—and as a result the finances involved are also unique. \u003c\/p\u003e\u003cp\u003eDesigned to help readers understand the investment implications of these differences and the sure-to-be intense competition between myriad types of energy, the book provides a clear understanding of the current state of the alternative energy industry and the associated financial pros and cons for government, industry, and investors. \u003c\/p\u003e\u003cp\u003eStressing the need to utilize multiple energy resources to meet energy demands, \u003ci\u003eInvesting in the Renewable Power Market\u003c\/i\u003e explains the ongoing market battle between green and traditional sources of energy, the future of the energy market, and how to profit in both the long and short term.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989474001125,"sku":"NP9780470878262","price":75.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470878262.jpg?v=1761784245","url":"https:\/\/k12savings.com\/es\/products\/investing-in-the-renewable-power-market-isbn-9780470878262","provider":"K12savings","version":"1.0","type":"link"}