Real options analysis for photovoltaic project under climate uncertainty

Kyeongseok Kim, Sejong Kim, Hyoungkwan Kim

Research output: Contribution to journalConference article

2 Citations (Scopus)

Abstract

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.

Original languageEnglish
Article number012080
JournalIOP Conference Series: Earth and Environmental Science
Volume40
Issue number1
DOIs
Publication statusPublished - 2016 Sep 26
Event2016 International Conference on New Energy and Future Energy System, NEFES 2016 - Beijing, China
Duration: 2016 Aug 192016 Aug 22

Fingerprint

climate
climate change
insolation
climate conditions
analysis
project
economics
temperature
decision

All Science Journal Classification (ASJC) codes

  • Environmental Science(all)
  • Earth and Planetary Sciences(all)

Cite this

@article{e7676a5c010341f7824886f784a1e64d,
title = "Real options analysis for photovoltaic project under climate uncertainty",
abstract = "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.",
author = "Kyeongseok Kim and Sejong Kim and Hyoungkwan Kim",
year = "2016",
month = "9",
day = "26",
doi = "10.1088/1755-1315/40/1/012080",
language = "English",
volume = "40",
journal = "IOP Conference Series: Earth and Environmental Science",
issn = "1755-1307",
publisher = "IOP Publishing Ltd.",
number = "1",

}

Real options analysis for photovoltaic project under climate uncertainty. / Kim, Kyeongseok; Kim, Sejong; Kim, Hyoungkwan.

In: IOP Conference Series: Earth and Environmental Science, Vol. 40, No. 1, 012080, 26.09.2016.

Research output: Contribution to journalConference article

TY - JOUR

T1 - Real options analysis for photovoltaic project under climate uncertainty

AU - Kim, Kyeongseok

AU - Kim, Sejong

AU - Kim, Hyoungkwan

PY - 2016/9/26

Y1 - 2016/9/26

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=84998775098&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84998775098&partnerID=8YFLogxK

U2 - 10.1088/1755-1315/40/1/012080

DO - 10.1088/1755-1315/40/1/012080

M3 - Conference article

VL - 40

JO - IOP Conference Series: Earth and Environmental Science

JF - IOP Conference Series: Earth and Environmental Science

SN - 1755-1307

IS - 1

M1 - 012080

ER -