Cost benefit analysis of a renewable energy investment project: an offshore wind farm project for Greece

Abstract

The present Thesis aims to provide a Cost-Benefit Analysis of a renewable energy investment project involving the integration of an offshore wind farm in Limnos Island. This project can be seen as a part of the wider European effort to fight climate change, improve energy security and enhance Europe competitiveness and independence towards the energy sector. The project’s coherence with the strategic direction of both the European and national renewable energy policy is also demonstrated. The results of the study, contingent upon the assumptions made, suggest that the economic benefits stemming from the project are adequate enough to outweigh the high initial cost.