Real options analysis for photovoltaic project under climate uncertainty

2016 International Conference on New Energy and Future Energy System

Kim, Kyeongseok^1 ; Kim, Sejong^2 ; Kim, Hyoungkwan^1

School of Civil and Environmental Engineering, Yonsei University, Seoul

03277, Korea, Republic of^1

ABIK Inc., Yongin-si, Gyeonggi-do

16825, Korea, Republic of^2

关键词: Climate change impact;    Economic feasibilities;    Future climate;    Photovoltaic;    Real Options;    Real options analysis;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/40/1/012080/pdf
DOI  :  10.1088/1755-1315/40/1/012080

来源: IOP

【 摘 要 】

The decision on photovoltaic project depends on the level of climate environments. Changes in temperature and insolation affect photovoltaic output. It is important for investors to consider future climate conditions for determining investments on photovoltaic projects. We propose a real options-based framework to assess economic feasibility of photovoltaic project under climate change. The framework supports investors to evaluate climate change impact on photovoltaic projects under future climate uncertainty.