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Advances in Energy Systems
book

Advances in Energy Systems

by Peter D. Lund, John A. Byrne, Reinhard Haas, Damian Flynn
April 2019
Intermediate to advanced content levelIntermediate to advanced
568 pages
27h 45m
English
Wiley
Content preview from Advances in Energy Systems

29Multivariate Analysis of Solar City Economics: Impact of Energy Prices, Policy, Finance, and Cost on Urban Photovoltaic Power Plant Implementation

John Byrne1,2, Job Taminiau1,2, Kyung N. Kim3, Joohee Lee1 and Jeongseok Seo1

1 Center for Energy and Environmental Policy, University of Delaware, Newark, DE, USA

2 Foundation for Renewable Energy & Environment, New York, NY, USA

3 Green School, Korea University, 145, Anam‐ro, Seoul, South Korea

Previous research suggests that the potential for city‐scale photovoltaic (PV) applications is substantial across the globe. Successful implementation of “solar city” options will depend on the strategic application of finance mechanisms, solar energy soft cost policies, and other policy tools, as well as the grid price of electricity. Capital markets recently have embraced the roll‐out of new financial instruments, including “green bonds,” which could be incorporated into solar city project design to attract large investments at a low cost. A multivariate analysis method is employed to consider solar city possibilities for six cities: Amsterdam, London, Munich, New York, Seoul, and Tokyo. A Monte Carlo simulation is conducted to capture the probabilistic nature of uncertainties in the parameters and their relative importance to the financial viability of a solar city project. The analysis finds that solar city implementation strategies can be practical under a broad range of circumstances.

INTRODUCTION

The December 2015 Paris Climate ...

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ISBN: 9781119508281Purchase book