A Real Options Approach to Evaluating New Nuclear Power Plants

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Investment risks under uncertain climate change policy (2007, background): “Rothwell (2006) finds that returns on investment in nuclear plant need to be higher in a scenario with uncertain carbon prices than in a world with certain prices.”
Nuclear Power: A Hedge against Uncertain Gas and Carbon Prices? (2006, methodology): “Rothwell (2006) considers investment in one single plant and takes the electricity price risk as uncorrelated with any fossil fuel price, and hence ignores any portfolio choice issues.”
Investment in New Power Generation Under Uncertainty: Benefits of CHP vs. Condensing Plants in a Copula-Based Analysis (2012, methodology): “Rothwell (2006) Investments in new nuclear power plants Determination of riskadjusted costs of capital for new nuclear power plants Electricity market data from TexasERCOT (1990-2003) Real options approach based on NPV calculation Specific investment costs of about $ 1,200 per kWel could trigger…”
Renewable energy investments under different support schemes: A real options approach (2012, background): “Further studies of energy investments under climate policy uncertainty include [30, 43, 21].”