Sensitivity analysis of a photovoltaic solar plant in Chile

F. Bustos, A. Toledo, J. Contreras and A. Fuentes

Renewable Energy, 2016, vol. 87, issue P1, 145-153

Abstract: A total of 22 cities in Chile were analyzed focusing the development of a 30 MW Photovoltaic Solar Plant using RETScreen software. Results of the study indicate that Calama City presents interesting results, with a Capacity Factor of 34.0% and an Energy Production of 92523 MWh. However, with a discount rate of 12% and an evaluation of 30 years, a Net Present Value (NPV) of −67×106 USD and an Internal Rate of Return (IRR) of 7.0% were obtained due to the high investment cost. Applying a 40% incentive in Calama City, the NPV reaches 11×106 USD, with an IRR of 13.7%, thus obtaining positive financial results.

Keywords: Solar radiation; Dual-axis PV solar plant; Risk analysis; CO2 emissions; Financial/economic analysis; RETScreen (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:87:y:2016:i:p1:p:145-153

DOI: 10.1016/j.renene.2015.09.070

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