Determinant factors in site selection for photovoltaic projects: A systematic review

Rediske, Graciele; Siluk, Julio Cezar Mairesse; Gastaldo, Natália Gava; Rigo, Paula Donaduzzi; Rosa, Carmen Brum

doi:10.1002/er.4321

Cited by 57 publications

(34 citation statements)

References 61 publications

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“…The main factors were classified according to point of view, such as location, economic, political, climate, and technical factors 21 . The investigation about these factors contributes to understanding the reasons why the technology has matured, consequently verifying the costs evolution and assessing the source competitiveness over time.…”

Section: Resultsmentioning

confidence: 99%

“…Rediske et al 21 argue that the factors for decision‐making in the installation of renewable energy projects can be grouped into six points of view: (i) socioenvironmental; (ii) location; (iii) economic; (iv) political; (v) climate; and (vi) orography. In this research, according to the identified factors, four of these points of view were considered in the classification of the factors, besides the technical point of view was included.…”

Section: Resultsmentioning

confidence: 99%

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Identification and analysis of impact factors on the economic feasibility of wind energy investments

et al. 2020

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Summary The growing energy demand in the world and the concern for environmentally damaging energy sources have led to an increased interest in seeking alternative renewable energy sources, such as wind energy. Furthermore, choosing effective locations for wind power plants has become a key issue in project planning. However, prior to implementation, such projects should be confirmed as economically viable. This article is a systematic review of the literature carried out with the aim to identify the main factors that impact the economic feasibility of wind energy investments. The search was performed in the ISI Web of Science (WoS) electronic database, from which 120 papers were extracted after a selection process, and were analyzed individually. As a result of the review analysis, 23 factors that have an impact on feasibility analysis were identified and organized in five categories: location (surface roughness, turbine location), economic (investment costs, operation and maintenance costs, avoided energy cost, depreciation, land rent), political (interest rates and taxes, energy sales price, inflation, financing conditions), climatic (wind speed, air density, temperature, air pressure), and technical (turbine height, installed wind power, lifetime, efficiency, rotor diameter, operation time, number of turbine blades, construction time). These factors can directly impact the cost of capital and/or energy production, affecting the economic viability of wind farms. In the last decade, there has been an exponential growth in publications about economic feasibility of wind investments. The wind investments growth has been accompanied by financial studies about this subject. This study provides insights on the main variables used in wind energy feasibility studies. The results may assist researchers and investors to identify the key parameters that are being examined in the literature, and to evaluate which ones should be considered in their study to ensure a sustainable development of power generation through the wind source.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Identification and analysis of impact factors on the economic feasibility of wind energy investments

et al. 2020

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“…When this mechanism was applied, risk at the pre-investment stage was the lowest (low risk group), and by the post-investment period it showed the highest possible value among all projects. Among the reasons for such results is the high impact of political and legislative risks [18]- [20].…”

Section: Discussionmentioning

confidence: 99%

Risk assessment of renewable energies: Global exposure

Chebotareva¹

2019

Int. J. EQ

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The current stage of renewable energy (RE) development poses new challenges to this sector. The existing mechanisms of state stimulation of Renewable energy system are gradually exhausting its capacity. This requires the development of new methods to support the industry, or giving them up altogether. This article presents the results of the theoretical analysis of the systemic features of RE risk assessment at each stage of a project's life cycle. A sectoral approach to the risk assessment of energy projects is proposed. It is based on the well-known logit-model that studies a set of external and internal indicators. Based on this model, a study of the dynamics of the risk indicators of RE projects on three basic stages was conducted. Calculations were made for RE projects implemented in different countries of the world, including China, USA, Canada, Japan, India and a number of European countries. Initially, all projects were divided into three main groups depending on the types of state support: concessional lending, subsidies or the lack thereof. Based on the results of the calculations, the overall and average dynamics of risk by group and by project stage allowed for assessing the global effectiveness of state measures to support the sector, as well as for drawing appropriate conclusions in the context of individual countries. The results of the study are of practical importance and will be used in developing a new approach to risk assessment, taking into account the specifics of the RE market, as well as in enhancing the concept of competition in the global energy market.

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“…Table 3 shows a summary of the impact factors identified, the classification in which they were included, the references, and the total number of times they were found in the articles. In their study, Rediske et al [237] separated factors of decision making in the installation of renewable energy projects into categories. Observing the reference classifications, and adapting it for this research, according to the factors identified here, the parameters of this work were classified into five categories, based on the point of view in which they fit: (i) location factors; (ii) economic factors; (iii) political factors; (iv) climatic and environmental factors; and (v) technical factors.…”

Section: Impact Factors Identifiedmentioning

confidence: 99%

Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments

et al. 2020

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The introduction of environmental impact targets around the world has highlighted the need to adopt alternative sources of energy, which can supply the demand and mitigate the damage caused to the environment. Solar energy is one of the main sources of alternative energy, and is considered an abundant source of clean energy. However, to facilitate and encourage investors interested in the installation of photovoltaic energy systems for electricity production, it is essential to evaluate the factors that impact the economic viability of the projects. Therefore, the objective of this research is to present a systematic analytical framework, in order to identify and analyze the main factors that impact the financial feasibility of projects for the installation of photovoltaic energy plants. For this purpose, a systematic literature review was carried out, analyzing the main studies related to the topic and identifying the main factors that may financially affect investments in photovoltaic energy systems. From this review, 29 influencing factors were identified and separated into five categories, namely, location, economic, political, climatic and environmental, and technical factors. The main factors highlighted are the investment cost, power generation, operation and maintenance costs, solar radiation, lifetime, energy tariff, efficiency, electricity consumption, and interest and taxes. The results may assist policy makers, investors, researchers, and other stakeholders to identify the key factors that are being examined in the literature, and to evaluate which ones should be considered in their study to ensure the sustainable development of power generation through the solar source.

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Determinant factors in site selection for photovoltaic projects: A systematic review

Cited by 57 publications

References 61 publications

Identification and analysis of impact factors on the economic feasibility of wind energy investments

Identification and analysis of impact factors on the economic feasibility of wind energy investments

Risk assessment of renewable energies: Global exposure

Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments

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