Studying methods of investment evaluation in energy sector, methods for energy production cost calculation and energy pricing methodology and methods for building business models for companies

Student responsibilities:

Class attendance on the regular basis and doing seminar and project assignments.

Grading and evaluation of student work over the course of instruction and at a final exam:

Continuous work through the semester by making seminars and project assignments.

Upon successful completion of the course, students will be able to (learning outcomes):

1 . Assess the justification of investing in an energy project using the NPV and IRR methods

2 . Evaluate techno-economic parameters of different renewable energy sources

3 . Recommend technologies for renewable energy projects in accordance with project requirements

4 . Analyze and evaluate incentive systems for the production of heat and electricity from renewable energy sources

5 . Analyze energy processes from environmental protection point of view

6 . Build a company business model using the business canvas method

Lectures

1. Introduction, Energy and economy, The impact of energy prices on technology development

2. Application of economic methods in assessing the cost-effectiveness of investments in energy, introduction to economic methods for calculating energy prices

3. Energy production costs in different plants, Internal and external costs, The price of energy, Fixed and variable costs

6. Legislative and institutional framework for the production of electricity / heat from RES in the Republic of Croatia and the EU 1

7. Legislative and institutional framework for the production of electricity / heat from RES in the Republic of Croatia and the EU 2

8. Economic instruments to promote energy efficiency and renewable energy sources 1

9. Economic instruments to promote energy efficiency and renewable energy sources 2

10. ESG - environmental social governance. Different business models; ESCO, Energy Performance Contract, etc.

11. Method for creating a business model of a company or business in the energy sector, using "business canvas - BMC"

12.

13.

14. Resources and partnerships of a company with other business entities, analysis of revenues and costs for planned business models and analysis of social and environmental benefits

15.

Exercises

4. Seminar: internal rate of return and net present value

5. Seminar: leveled price of energy (electricity and heat)

10.

11.

12. Seminar: Sustainable Business Indicators for Energy Projects

13. Seminar: Business canvas models for RES

14.

15. Seminar: Proposal of innovation in energy engineering

Compulsory literature:

1. Energy Economics, Subhes C. Bhattacharyya, Springer-Verlag London Limited, 2011, p. 0-0

Recommended literature:

2. Handbook of Energy Economics and Policy Fundamentals and Applications for Engineers and Energy Planners, Alessandro Rubino, Alessandro Sapio, Massimo La Scala, Elsevier, 2021, p. 0-0