Investment and financing perspectives for a solar photovoltaic project
Carlo Alberto Magni () and
MPRA Paper from University Library of Munich, Germany
In this work we illustrate a simple logical framework serving the purpose of measuring value creation in a real-life solar photovoltaic project, funded with a lease contract, a loan contract and internal financing (i.e., withdrawal from liquid assets). We use the projected accounting data to compute the value created. We assess the project from both an investment perspective (operating assets and liquid assets) and a financing perspective (debt and equity). Furthermore, focusing on value creation for equityholders, we calculate the expected contribution on shareholders’ wealth increase of operating and financing activity. In particular, we highlight the role of the distribution policy in financial modeling by describing the strict logical connections between estimated data and financial decisions.
Keywords: photovoltaic solar energy; project evaluation; net present value; distribution policy (search for similar items in EconPapers)
JEL-codes: C60 C63 C67 G00 G30 G31 G32 G35 M41 O13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cfn and nep-ene
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/107374/1/MPRA_paper_107374.pdf original version (application/pdf)
Chapter: Investment and Financing Perspectives for a Solar Photovoltaic Project (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:107374
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().