Evaluation of Offshore Wind Energy Project in Taiwan / 台灣離岸風力發電之價值評估

碩士 / 國立中興大學 / 高階經理人碩士在職專班 / 104 / As the world is dedicated to carrying out the development of low carbon environment, Taiwan government announced “Thousand Wind Turbines Project” in 2012, which aims to build up 1,000 sets of wind turbines and generate over 4,000 megawatts by 2030. Therefore how to evaluate the offshore wind energy companies has become an important issue. In order to design a proper business evaluation model for Taiwan offshore wind energy industry, this study performs empirical tests and comprehensive comparison by adopting market comparison approach, free cash flow valuation model, venture capital method and real option valuation model based on the accessibility of data. Venture capital method and real option valuation model show similar empirical results that meet what this study anticipates while P/E ratio approach and free cash flow valuation model overestimate the value. Hopefully the empirical results can be utilized by developers, governments, academic institutions and bankers for a reference of evaluating the offshore wind energy industry in order to make the right decisions.

Identiferoai:union.ndltd.org:TW/104NCHU5457019
Date January 2016
CreatorsMei-Ching Hung, 洪玫菁
ContributorsYing-Ko Lin, Yueh-Neng Lin, 林盈課, 林月能
Source SetsNational Digital Library of Theses and Dissertations in Taiwan
Languagezh-TW
Detected LanguageEnglish
Type學位論文 ; thesis
Format44

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