Full Title: Developing a Business Case for Renewable Energy at Airports
Author(s): Stephen B. Barrett, Philip M. DeVita, Julie E. Kenfield, Bradley T. Jacobsen, & David Y. Bannard
Publisher(s): National Academies Press
Publication Date: July 1, 2016
Full Text: Download Resource
Description (excerpt):
Organizations prepare a business case analysis to engage in a thorough investigation of the alternatives to a proposed project. Increasingly, business value is being measured not only by the immediate and quantifiable financial metrics, but also through consideration of the self-sustainability, environmental, and social benefits. Airports are not only self-sustaining businesses and agents of governments; they are also critical components of the regional and national transportation infrastructure. This puts them in a unique position to make credible arguments that support both the financial and policy objectives of an organization pursuing long-term self-sustainability.
This report provides airports with instruction and tools to help them develop a business case that maximizes the benefits of renewable energy opportunities. It presents the business case as a comprehensive planning exercise supporting a specific objective (e.g., energy stability, reliability) and integrates it into the airport’s typical decision-making process. It provides a systematic approach to combine the application of near-term financial measures that are typically considered in business planning along with value for self-sustainability benefits associated with long-term investments and the environmental and social benefits that are important to the airport in its governmental responsibilities.