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.
|Journal||IOP Conference Series: Earth and Environmental Science|
|Publication status||Published - 2016 Sep 26|
|Event||2016 International Conference on New Energy and Future Energy System, NEFES 2016 - Beijing, China|
Duration: 2016 Aug 19 → 2016 Aug 22
Bibliographical noteFunding Information:
This work was supported by grants from the National Research Foundation of Korea (NRF), funded by the Korean government (MSIP) (No. 2011-0030040 and NRF-2014R1A2A1A11052499).
© Published under licence by IOP Publishing Ltd.
All Science Journal Classification (ASJC) codes
- Environmental Science(all)
- Earth and Planetary Sciences(all)