Publicação
Feasibility of a wind farm on the Colombian coasts
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Rodríguez, Yeny | |
| dc.contributor.advisor | Pereira, João Pedro | |
| dc.contributor.author | Cerquera, Mateo Nicolas Escobar | |
| dc.date.accessioned | 2025-04-02T15:00:23Z | |
| dc.date.available | 2025-04-02T15:00:23Z | |
| dc.date.issued | 2025-01-16 | |
| dc.date.submitted | 2024-12-17 | |
| dc.description.abstract | This report examines the feasibility of implementing a wind farm in La Guajira, Colombia, a region known for its high potential for renewable energy generation. By using a comprehensive approach that combines traditional financial methods, such as cash flow analysis and net present value (NPV) calculation, with the real options approach, the study addresses the technical, financial, and social aspects necessary to ensure the project's viability. The project proposes an initial installation of 20 wind turbines with a total capacity of 70 MW, with the option to expand by adding 20 additional turbines, reaching a total capacity of 140 MW. This phased strategy not only optimizes initial resources but also allows for adjustments to the project's scope based on its operational performance and energy market conditions. Projections indicate an investment recovery period ranging from 5 to 8 years, depending on the evaluated economic and technical variables. The inclusion of real options adds flexibility and enhances the project's financial value by enabling strategic decisions tailored to uncertainty. Beyond strong financial profitability, the project has significant social and environmental impacts. It is expected to provide clean energy to over 1 million households, benefiting approximately 3.7 million people in vulnerable regions such as La Guajira, Cesar, and Magdalena. Environmentally, the replacement of fossil fuel energy sources will reduce CO₂ emissions by approximately 40,320 tons per month, equivalent to removing 102,000 vehicles from circulation or planting 8 million trees. This impact not only helps mitigate climate change but also improves living conditions in rural and indigenous communities, which are traditionally underserved. In conclusion, this project represents an opportunity to combine financial objectives with sustainable development, demonstrating that it is possible to promote profitable investments that also generate lasting social and environmental benefits. This initiative marks an important step toward energy diversification in Colombia and the promotion of a more inclusive and responsible development model. | pt_PT |
| dc.identifier.tid | 203926323 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/181877 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | Colombia | pt_PT |
| dc.subject | Real options | pt_PT |
| dc.subject | La Guajira | pt_PT |
| dc.subject | Wind farm | pt_PT |
| dc.subject | Feasibility | pt_PT |
| dc.title | Feasibility of a wind farm on the Colombian coasts | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A project is being undertaken to fulfill the criteria for earning a Master's degree in Finance from both the Nova School of Business and Economics and the University of the Andes | pt_PT |