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  1. NTU Theses and Dissertations Repository
  2. 管理學院
  3. 管理學院企業管理專班(Global MBA)
請用此 Handle URI 來引用此文件: http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/66259
完整後設資料紀錄
DC 欄位值語言
dc.contributor.advisor胡星陽(Shing-Yang Hu)
dc.contributor.authorBrodie Furgesonen
dc.contributor.author柏帝傅zh_TW
dc.date.accessioned2021-06-17T00:27:40Z-
dc.date.available2012-03-19
dc.date.copyright2012-03-19
dc.date.issued2012
dc.date.submitted2012-02-15
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dc.identifier.urihttp://tdr.lib.ntu.edu.tw/jspui/handle/123456789/66259-
dc.description.abstractThe primary purpose of this research is to analyze Samsung C&T’s decision to invest C$7 billion by signing the Green Energy Investment Agreement with the Province of Ontario in its first foray into the Renewable Energy sector. An array of analytical techniques was employed including Political, Economic, Social & Technological (PEST) Analysis, the Discounted Cash Flow model, and Real Options Analysis. The research finds that this investment decision, while it does carry significant political and regulatory risk due to reliance on Feed-in Tariff subsidies, does indeed have financial and strategic merit. The project was estimated to have a positive NPV, the Real Options Analysis revealed several valuable options, and the downside risks can likely be mitigated by Samsung C&T and partners. A notable finding is that should the company successfully complete the project and develop competence in Renewable Energy project development, it will serve as a long-term growth option while providing a hedge against its traditional fossil fuel and nuclear-based businesses.en
dc.description.provenanceMade available in DSpace on 2021-06-17T00:27:40Z (GMT). No. of bitstreams: 1
ntu-101-R98749066-1.pdf: 4619069 bytes, checksum: d025c5e123c69fff10130833d7768976 (MD5)
Previous issue date: 2012
en
dc.description.tableofcontents1. Introduction 1
2. Background: Wind and Solar PV Power Generation Economics 2
2.1. Generation plant costs: Wind and Solar PV 2
2.2. Transmission Costs: Wind and Solar PV 4
2.3. Cost of Capital: Wind and Solar PV 4
2.4. Taxes and Subsidies: Wind and Solar PV 4
2.5. Ontario Feed-in Tariff Program 5
2.6. Wind and Solar PV Cost Structures 6
3. Review of Literature on Financial Analysis of RE Projects 8
3.1. The Capital Asset Pricing Model 12
3.2. Discounted Cash Flow Model 13
3.3. Real Options Analysis (ROA) 14
4. Statement of Research Question 17
5. Methodology 19
5.1. General Methodology 19
5.2. Analytical framework 19
6. Case Description 28
6.1. Renewable Energy in Ontario 28
6.2. Samsung C&T 32
6.3. The Green Energy Investment Agreement 33
6.4. Development of a Wind or Solar PV farm in Ontario 36
7. Case Analysis and Discussion 37
7.1. Strategic Analysis 37
7.2. Financial Analysis 48
7.3. Discussion of Analysis Results 79
8. Research Conclusions 83
8.1. Conclusions and Discussion of Limitations 83
8.2. Suggestions for further study 84
References 85
Appendices 94
dc.language.isoen
dc.subject財務分析zh_TW
dc.subject太陽能發電zh_TW
dc.subject風zh_TW
dc.subject綠能zh_TW
dc.subject太陽能發電zh_TW
dc.subject財務分析zh_TW
dc.subject三星zh_TW
dc.subject風zh_TW
dc.subject安大略zh_TW
dc.subject綠能zh_TW
dc.subject安大略zh_TW
dc.subject三星zh_TW
dc.subjectfinancial analysisen
dc.subjectrenewable energyen
dc.subjectwinden
dc.subjectsolar pven
dc.subjectsamsungen
dc.subjectontarioen
dc.subjectrenewable energyen
dc.subjectwinden
dc.subjectsolar pven
dc.subjectfinancial analysisen
dc.subjectsamsungen
dc.subjectontarioen
dc.title安大略及三星綠能投資協議之財務分析zh_TW
dc.titleA Financial Analysis of the Ontario Green Energy Investment Agreement with Samsung C&Ten
dc.typeThesis
dc.date.schoolyear100-1
dc.description.degree碩士
dc.contributor.oralexamcommittee陳明賢(Ming Shen Chen),陳業寧(Yehning Chen)
dc.subject.keyword綠能,風,太陽能發電,財務分析,三星,安大略,zh_TW
dc.subject.keywordrenewable energy,wind,solar pv,financial analysis,samsung,ontario,en
dc.relation.page123
dc.rights.note有償授權
dc.date.accepted2012-02-15
dc.contributor.author-college管理學院zh_TW
dc.contributor.author-dept企業管理碩士專班zh_TW
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