Financial Evaluation of Electricity Generation Using Solar Energy in Iran

اقتصاد پولی مالی

Article 5, Volume 21, Issue 7, January 2015, Pages 105-126   

Document Type: پژوهشی

DOI: 10.22067/pm.v21i7.43017

Authors

Mohammah Hossein Mahdavi Adeli^* ; reza Khaje Naeini

Abstract

Energy resources can be classified into three major categories naming fossil fuels,
nuclear energy, and renewable energy (wind, solar, and so on). However, fossil fuels
depletion in future makes use of the two other categories necessary. Compared to
fossil fuels and nuclear energy, the renewable energy does not only bring no
pollution and cause no harm to environment, but also consist of infinite resources.
Using COMFAR software and the method of cost-benefit, this article aims to
analyze construction of a 25 MW solar photovoltaic power station. Then, it studies
the impact of incentives in construction of such a plant in different countries.
Results of this study indicate that feed-in tariff incentiveshave the greatest impact on
improving financial indexes of the project. The paid tax of an enterprise isalso
considered in ranking. It finally shows that financial aids have no effect but on
decreasing theinvestor's share of equity.

Keywords

Renewable resources; Project Evaluation; energy; COMFAR Software

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