Eduardo Alejandro Martinez-Cesena, Brian Azzopardi and Joseph Mutale Assessment of domestic photovoltaic systems based on real options theory Progress in Photovoltaics: Research and Applications 21
The use of real options theory can lead to the enhancement of the economic attractiveness of domestic photovoltaic (PV) projects. Additionally, it can facilitate the penetration of organic-based PV technologies for the generation of power in the domestic sector. This paper proposes a real options-based methodology with the aforementioned characteristics for the planning of domestic PV systems and illustrates the application of the methodology with several case studies based on the UK.
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