Title :
Investment risk analysis for photovoltaic power plant in the free contracting environment
Author :
Neto, Daywes P. ; Domingues, Elder G. ; Coimbra, A. Paulo ; Almeida, Anibal T. ; Calixto, Wesley P.
Author_Institution :
Fed. Inst. of Goias, Goiania, Brazil
Abstract :
This research work presents a methodology for investment risk analysis in a photovoltaic power plant. Stochastic modeling are developed for the variables solar irradiance, photovoltaic panel temperature and price of electricity in the Brazilian spot market. A case study is presented to validate the applicability of the methodology. The method is developed considering various characteristics of the Brazilian market, specifically for the Free Contracting Environment, but can be adapted to other markets.
Keywords :
investment; photovoltaic power systems; power markets; risk analysis; Brazilian spot market; electricity price; free contracting environment; investment risk analysis; photovoltaic panel temperature; photovoltaic power plant; stochastic modeling; variables solar irradiance; Contracts; Investment; Photovoltaic systems; Stochastic processes; Temperature distribution; Energy Market; Monte Carlo Method; Photovoltaic Power Plant; Risk Analysis; Stochastic Modeling;
Conference_Titel :
European Energy Market (EEM), 2015 12th International Conference on the
Conference_Location :
Lisbon
DOI :
10.1109/EEM.2015.7216764
