Yafei Rong1, Xudong Sun1,2,*
Energy Engineering, Vol.119, No.1, pp. 315-329, 2022, DOI:10.32604/EE.2022.015485
Abstract Under the dual pressures of energy crisis and environmental pollution, China’s new energy power industry has become a focal point for environmental management and requires greater investment. In this context, as a significant input of investment projects, discount rate requires a well-calibrated evaluation because new energy power investment projects are highly capital intensive. The main objective of this paper is to evaluate the discount rate of China’s new energy power industry. First, we use Moving Average to correct the parameters of capital asset pricing model (CAPM) and weighted average cost of capital, which extends the literature on the avoidance of… More >
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