Abstract: This paper contributes to the literature by updating the analysis of the impact of the recent oil prices fall on the renewable energy (RE) industry and deployment. The research analysis uses the Renewable Energy Industrial Index (RENIXX), which tracks the world’s 30 largest publicly traded companies and oil prices daily data from January 2003 to March 2016. RENIXX represents RE industries developing solar, wind, geothermal, bioenergy, hydropower and fuel cells technologies. This paper tests the hypothesis that claims high oil prices encourage the substitution of alternate energy sources for conventional energy sources. Furthermore, it discusses RENIXX performance behavior with respect to the governments’ policies factor that investors should take into account. Moreover, the paper proposes a theoretical model that relates RE industry progress with oil prices and policies through the fuzzy logic system.
Abstract: Kuwait-s electric power system is vertically integrated
organization owned and operated by the government. For more than
five decades, the government of Kuwait has provided relatively
reliable electric services to consumers with subsidized electric
service fees. Given the country-s rapid socio-economical
development and consequently the increase of electricity demand, a
question that inflicts itself: Is it necessary to reform the power system
to face the fast growing demand? This paper recommends that the
government should consider the private sector as a partner in
operating the power system. Therefore, power system restructuring is
needed to allow such partnership. There are challenges that prevent
such restructuring. Abstract recommendations toward resolving these
challenges are proposed.
Abstract: This paper compares planning results of the electricity and water generation inventory up to year 2030 in the State of
Kuwait. Currently, the generation inventory consists of oil and gas fired technologies only. The planning study considers two main cases. The first case, Reference case, examines a generation inventory based on oil and gas fired generation technologies only.
The second case examines the inclusion of renewables as part of the generation inventory under two scenarios. In the first scenario, Ref-RE, renewable build-out is based on optimum economic performance
of overall generation system. Result shows that the optimum installed
renewable capacity with electric energy generation of 11% . In the second scenario, Ref-RE20, the renewable capacity build-out is
forced to provide 20% of electric energy by 2030. The respective energy systems costs of Reference, Ref-RE and Ref-RE20 case
scenarios reach US dollar 24, 10 and 14 billion annually in 2030.