Comprehensive Financial Modeling of Solar PV Systems

Autor: Carlo Alberto Magni, Andrea Marchioni, Davide Baschieri
Jazyk: angličtina
Rok vydání: 2020
Předmět:
DOI: 10.4229/eupvsec20202020-7do.8.5
Popis: 37th European Photovoltaic Solar Energy Conference and Exhibition; 2024-2027
The adoption of a photovoltaic system has positive environmental effects, but the main driver of the choice in the industrial and commercial sector is economic profitability. Switching from acquisition of energy to production of energy is an investment with costs (e.g. leasing annual payment, O&M costs, capital expenditure) and benefits (e.g. savings in the electric bill, sale of the energy exceeding consumptions). In this work, we use an accounting-and-finance model to calculate the Equity Net Present Value in different scenarios and a sensitivity-analysis method (Finite Change Sensitivity Index) to explain the reasons for differences in results. This technique enables identifying the contribution of any input factor in the output value variation. In this way, the investor can draw attention on the most significant critical variables in the initial estimations to ensure success in forecasting.
Databáze: OpenAIRE