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A design of experiments/response surface methodology approach to study the economic sustainability of a 1MWe photovoltaic plant

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  • Bendato, Ilaria
  • Cassettari, Lucia
  • Mosca, Marco
  • Mosca, Roberto

Abstract

To obtain a rigorous investment analysis for photovoltaic power generation plants, a dynamic Business Plan has been studied. It allows us to determine, in real time, the investment parameters (Net Present Value, Internal Rate of Return, Return on Investment, etc) starting from the technical, economical, financial and positional data. The Business Plan provides, as output, the exact values of the parameters (dependent variables or objective functions) basing on the exact values of the input variables (independent variables).

Suggested Citation

  • Bendato, Ilaria & Cassettari, Lucia & Mosca, Marco & Mosca, Roberto, 2015. "A design of experiments/response surface methodology approach to study the economic sustainability of a 1MWe photovoltaic plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1664-1679.
    • Handle: RePEc:eee:rensus:v:51:y:2015:i:c:p:1664-1679
    DOI: 10.1016/j.rser.2015.07.074
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    1. Silva, Tatiane C. & Pinto, Gabriel M. & de Souza, Túlio A.Z. & Valerio, Victor & Silvério, Naidion M. & Coronado, Christian J.R. & Guardia, Eduardo Crestana, 2020. "Technical and economical evaluation of the photovoltaic system in Brazilian public buildings: A case study for peak and off-peak hours," Energy, Elsevier, vol. 190(C).
    2. Bendato, Ilaria & Cassettari, Lucia & Mosca, Marco & Mosca, Roberto, 2016. "Stochastic techno-economic assessment based on Monte Carlo simulation and the Response Surface Methodology: The case of an innovative linear Fresnel CSP (concentrated solar power) system," Energy, Elsevier, vol. 101(C), pages 309-324.
    3. Bendato, Ilaria & Bonfiglio, Andrea & Brignone, Massimo & Delfino, Federico & Pampararo, Fabio & Procopio, Renato & Rossi, Mansueto, 2018. "Design criteria for the optimal sizing of integrated photovoltaic-storage systems," Energy, Elsevier, vol. 149(C), pages 505-515.
    4. de Oliveira, Lucas Guedes & Aquila, Giancarlo & Balestrassi, Pedro Paulo & de Paiva, Anderson Paulo & de Queiroz, Anderson Rodrigo & de Oliveira Pamplona, Edson & Camatta, Ulisses Pessin, 2020. "Evaluating economic feasibility and maximization of social welfare of photovoltaic projects developed for the Brazilian northeastern coast: An attribute agreement analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 123(C).

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