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Sensitivity analysis of a photovoltaic solar plant in Chile

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  • Bustos, F.
  • Toledo, A.
  • Contreras, J.
  • Fuentes, A.

Abstract

A total of 22 cities in Chile were analyzed focusing the development of a 30 MW Photovoltaic Solar Plant using RETScreen software. Results of the study indicate that Calama City presents interesting results, with a Capacity Factor of 34.0% and an Energy Production of 92523 MWh. However, with a discount rate of 12% and an evaluation of 30 years, a Net Present Value (NPV) of −67×106 USD and an Internal Rate of Return (IRR) of 7.0% were obtained due to the high investment cost. Applying a 40% incentive in Calama City, the NPV reaches 11×106 USD, with an IRR of 13.7%, thus obtaining positive financial results.

Suggested Citation

  • Bustos, F. & Toledo, A. & Contreras, J. & Fuentes, A., 2016. "Sensitivity analysis of a photovoltaic solar plant in Chile," Renewable Energy, Elsevier, vol. 87(P1), pages 145-153.
    • Handle: RePEc:eee:renene:v:87:y:2016:i:p1:p:145-153
    DOI: 10.1016/j.renene.2015.09.070
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