Dynamic Financial Modeling for One MW Photovoltaic Plant with Improved Technology and New Financial Resources: University of Kashan, a Proposed Case Study

چکیده مقاله

The objective of this paper is to investigate the economic feasibility of a solar photovoltaic (SPV) plant given the latest developments in the SPV plant technology and financial models available. A One MW capacity SPV plant has been proposed as an invesment today, under the PPA available through the MOE, with the potential to meet the future energy demands of the campus of University of Kashan. Two financial models are considered for financial analysis of the SPV power plant project viz (i) with PPA scenario, (ii) with no PPA using open market startegy. In each scenario a 100% equityt option and a 25% equity option is analyzed. For the scenario using the PPA the financial evaluation was done over 20 years to be coterminous with the PPA. For the Open Market scenario the full 25 years of uefull life was accounted for.