Towards a more investment friendly economic incentive regime for offshore infrastructure projects

Offshore infrastructure projects will play a key role in enabling the EU to meet its renewable energy goals. Therefore, effective economic incentives must be in place to ensure adequate investments. • Since the liberalisation of the power sector, the use of ‘incentive regulation’ has become a standard practice among European regulators. This TSO incentive regulation is done in a ‘portfolio’ fashion. • In the countries analysed, different risk/remuneration profiles are set according to the general regulatory regimes. These risk/remuneration profiles have not changed significantly since the previous study conducted by Glachant et al. (2013). 1 • Nevertheless, in recent years, regulators are also providing dedicated incentives for specific strategically important or necessary investments, including offshore projects. • We observe that the trend of providing dedicated incentives appears to modify the risk/remuneration characteristics, leading to a more ‘investment friendly’ environment for TSOs, at least for certain types of assets, such as offshore transmission infrastructures

Determinantes do investimento de portfólio externo: uma análise das variáveis financeiras

TCC (graduação) - Universidade Federal de Santa Catarina. Centro Sócio-Econômico. Economia.O investimento de portfólio externo (IPE) tem ganhado cada vez mais importância para a posição de investimento dos países. De 1998 a 2008 este tipo de investimento externo triplicou no mundo, resultado dos amplos movimentos de liberalização financeira promovidos pelos países. Contudo, os dados mostram que a quase totalidade do investimento de portfólio externo ainda é exclusividade dos países desenvolvidos. Este trabalho faz uma análise dos determinantes do estoque de IPE bilateral através de um modelo de dados em painel. Para a composição da amostra, foram listados os países detentores de 80% do estoque de IPE no mundo em 2008. Este trabalho se concentra na análise dos determinantes financeiros, uma vez que variáveis institucionais são mais adequadas para a análise dos determinantes para países em desenvolvimento. As variáveis independentes são o tamanho do mercado, medido pelo produto interno bruto (PIB), a valorização do mercado acionário, o desvio da paridade da taxa de juros (PDJ) e um índice de valorização cambial proposto por este trabalho. Por fim, concluí-se que o tamanho do mercado impacta positivamente sobre o estoque bilateral de IPE, bem como a valorização do mercado acionário e o desvio da PDJ. O índice de valorização cambial, porém, impacta negativamente sobre o IPE, uma vez que a valorização da moeda do país de destino faz com que os investidores percebam um maior risco cambial. A alta significância estatística pode ser verificada em todos os resultados obtidos

D7.4 economic framework for a meshed offshore grid

Work Package 7 (WP7) of the Progress on Meshed HVDC Offshore Transmission Networks (PROMOTioN) Horizon 2020 project focuses on various legal, financial and economic aspects of developing an integrated offshore infrastructure. Task 7.2 focuses on the development of an economic framework for the offshore grid in terms of three building blocks, namely: planning, investment, and operation. 1. Offshore grid planning comprises three topics, namely: Cost-Benefit Analysis (CBA) methods, onshoreoffshore coordination, and public participation. 2. Offshore grid investment comprises four topics: cooperation mechanisms for renewable support, transmission tariffs, investment incentives, and Cross-Border Cost Allocation (CBCA) methods. 3. Offshore grid operation focuses on the balancing mechanism in the offshore wind context. This final report extends our intermediate report with the addition of three new topics: incentives, CBCA and the balancing mechanism. The remaining chapters are identical to the intermediate report. In this section, we provide a summary of the research that has been undertaken so far and the main conclusions from our analysis.This result is part of a project that has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 691714

Local Market Platform System Use Case of Spanish Demo in OneNet Project

<p>Local Market Platform is a System Use Case developed by the Spanish Demo in OneNet Project.</p><p>See D5.1: OneNet Concept and Requirements <a href="https://zenodo.org/doi/10.5281/zenodo.5929317">https://zenodo.org/doi/10.5281/zenodo.5929317</a> for information on OneNet System Use Cases.</p><p>See D9.1 Specifications and guidelines for Western Demos <a href="">https://ec.europa.eu/research/participants/documents/downloadPublic?documentIds=080166e5e2ad4aa5&appId=PPGMS</a> and D9.3 Validation and results of concept test – Spain <a href="">https://zenodo.org/records/8406099 </a>for information on the Spanish demo of OneNet.</p&gt

Use Cases of Spanish Demo in OneNet Project

<p><em>Local Market Platform</em> is a System Use Case developed by the Spanish Demo in OneNet Project.</p> <p><em>Long-term congestion management</em> and <em>Short-term congestion management</em> are Business Use Cases developed by the Spanish Demo in OneNet Project</p> <p>For information on the Spanish Demo in OneNet, see <em>D9.1 Specifications and guidelines for Western Demos</em> <a href="../records/5948735">https://zenodo.org/records/5948735</a> and<br><em>D9.3 Validation and results of concept test – Spain</em> <a href="https://www.onenet-project.eu/wp-content/uploads/2023/05/OneNet_D9.3_v1.0.pdf">https://www.onenet-project.eu//wp-content/uploads/2023/05/OneNet_D9.3_v1.0.pdf</a></p> <p>For information on OneNet’s System Use Cases, see <em>D5.1: OneNet Concept and Requirements</em> <a href="../doi/10.5281/zenodo.5929317">https://zenodo.org/doi/10.5281/zenodo.5929317</a></p> <p>For information on OneNet’s Business Use Cases, see <em>D2.3: Business Use Cases for the OneNet</em> <a href="../doi/10.5281/zenodo.5926010">https://zenodo.org/doi/10.5281/zenodo.5926010</a>.</p&gt

Intermediate deliverable : economic framework for offshore grid planning

Work Package 7 (WP7) of the Progress on Meshed HVDC Offshore Transmission Networks’ (PROMOTioN) Horizon 2020 project focuses on various legal, financial and economic aspects of developing an integrated offshore infrastructure. Task 7.2 focuses on the development of an economic framework for the offshore grid in terms of three building blocks namely: planning, investment, and operation. The WP7.2 intermediate report consists of a compilation of five regulatory challenges that have been addressed and are related to two building blocks: Planning and Investment. The third building block (offshore grid operation) will be treated in the final report (April 2019). 1. Offshore grid planning comprises of three topics namely: CBA methods, onshore-offshore coordination, and public participation. 2. Offshore grid investment comprises of four topics. However, in this intermediate report, only the first two: cooperation mechanisms for renewable support, and transmission tariffs are treated. The remaining two topics 1) Investment incentives 2) CBCA methods would be addressed in-depth in the coming months of this project