Offshore Wind Energy in Emerging Countries: A Decision Support System for the Assessment of Projects

Energy consumption is constantly on the increase all over the world. Especially fast-growing economies in emerging countries contribute to this increase. In addition, the climate change effects of greenhouse gas emissions are becoming more and more evident. Today it has become necessary to expand renewable energies, and offshore wind energy in particular to emerging countries. We provide decision support for assessing projects and general financial conditions, respectively. To that end, research artifacts are constructed and evaluated according to the design science research (DSR) principles. A discounted cash flow (DCF) model in combination with a Monte Carlo simulation (MCS) to consider critical project risks forms the basis of our decision support system (DSS). The applicability of the DSS is evaluated with an offshore wind project in Brazil. According to Green information systems (IS), our DSS contributes to economic sustainability.