IDEAS home Printed from https://ideas.repec.org/a/ids/ijsuse/v7y2015i3p169-186.html
   My bibliography  Save this article

Profitability and sustainability of photovoltaic energy plants in Spain

Author

Listed:
  • Inmaculada Guaita-Pradas
  • Inmaculada Bartual-San Feliu
  • Bernabé Marí Soucase

Abstract

This paper reports on capital budgeting analysis to assess investments in renewable energy photovoltaic systems in Spain. Standard profitability indicators such as net present value, payback time and internal rate of return are applied to such investments. Two main issues have been taken into account: the changes taking place in the recent history of energy policies in Spain as well as the evolution of related technologies. Despite variation in incentive policies, we show how both technology and market have been able to overcome the lack of long-term policies, and even nowadays, photovoltaic energy systems can still be regarded as a profitable investment from an economic viewpoint, even in absence of any kind of incentive.

Suggested Citation

  • Inmaculada Guaita-Pradas & Inmaculada Bartual-San Feliu & Bernabé Marí Soucase, 2015. "Profitability and sustainability of photovoltaic energy plants in Spain," International Journal of Sustainable Economy, Inderscience Enterprises Ltd, vol. 7(3), pages 169-186.
    • Handle: RePEc:ids:ijsuse:v:7:y:2015:i:3:p:169-186
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=71141
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Inmaculada Guaita-Pradas & Ana Blasco-Ruiz, 2020. "Analyzing Profitability and Discount Rates for Solar PV Plants. A Spanish Case," Sustainability, MDPI, vol. 12(8), pages 1-13, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijsuse:v:7:y:2015:i:3:p:169-186. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=301 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.