IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i3p738-d490364.html
   My bibliography  Save this article

Citizen Participation to Finance PV Power Plants Focused on Self-Consumption on Company Roofs—Findings from an Austrian Case Study

Author

Listed:
  • Matthias Linhart

    (Department of Energy Economics, Energy Institute at the Johannes Kepler University, A-4040 Linz, Austria)

  • Valerie Rodin

    (Department of Energy Technology, Energy Institute at the Johannes Kepler University, A-4040 Linz, Austria)

  • Simon Moser

    (Department of Energy Economics, Energy Institute at the Johannes Kepler University, A-4040 Linz, Austria)

  • Andrea Kollmann

    (Department of Energy Economics, Energy Institute at the Johannes Kepler University, A-4040 Linz, Austria)

Abstract

Despite large amounts of available roof space, long pay-back periods for investments in photovoltaic (PV) power plants often hinder PV installations in industrial parks. Photovoltaic citizen participation initiatives (PV-CPI) are an alternative way of financing PV power plants that add non-financial benefits to these investments. This paper analyzed the feasibility of the installation of PV power plants focused on high rates of self-consumption financed by citizen participation initiatives on the roofs of five companies located in the Austrian Ennshafen industrial business park based on the net present value and the discounted pay-back period and compared it to a standard financing scheme, assuming a predetermined interest rate for participants as well as economies of scale with respect to the specific installation costs due to a joint purchase of the PV power plants. To calculate the feasibility, site-specific data and literature input have been used. The results show that despite an interest rate above the current interest rates of conservative forms of investments provided to (small-scale) investors, a payback-period of 17–23 years can be reached while the joint purchase can lead to a competitive feasibility of the PV-CPI compared to an individual purchase of PV power plants.

Suggested Citation

  • Matthias Linhart & Valerie Rodin & Simon Moser & Andrea Kollmann, 2021. "Citizen Participation to Finance PV Power Plants Focused on Self-Consumption on Company Roofs—Findings from an Austrian Case Study," Energies, MDPI, vol. 14(3), pages 1-20, January.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:3:p:738-:d:490364
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/3/738/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/3/738/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Moser, Simon & Puschnigg, Stefan & Rodin, Valerie, 2020. "Designing the Heat Merit Order to determine the value of industrial waste heat for district heating systems," Energy, Elsevier, vol. 200(C).
    2. Tongsopit, Sopitsuda & Junlakarn, Siripha & Wibulpolprasert, Wichsinee & Chaianong, Aksornchan & Kokchang, Phimsupha & Hoang, Nghia Vu, 2019. "The economics of solar PV self-consumption in Thailand," Renewable Energy, Elsevier, vol. 138(C), pages 395-408.
    3. Thomas Huld & Ana M. Gracia Amillo, 2015. "Estimating PV Module Performance over Large Geographical Regions: The Role of Irradiance, Air Temperature, Wind Speed and Solar Spectrum," Energies, MDPI, vol. 8(6), pages 1-23, June.
    4. August Wierling & Valeria Jana Schwanitz & Jan Pedro Zeiß & Celine Bout & Chiara Candelise & Winston Gilcrease & Jay Sterling Gregg, 2018. "Statistical Evidence on the Role of Energy Cooperatives for the Energy Transition in European Countries," Sustainability, MDPI, vol. 10(9), pages 1-25, September.
    5. Pons-Seres de Brauwer, C. & Cohen, J.J., 2020. "Analysing the potential of citizen-financed community renewable energy to drive Europe's low-carbon energy transition," Renewable and Sustainable Energy Reviews, Elsevier, vol. 133(C).
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Venizelos Efthymiou & Christina N. Papadimitriou, 2022. "Smart Photovoltaic Energy Systems for a Sustainable Future," Energies, MDPI, vol. 15(18), pages 1-3, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Neska, Ewa & Kowalska-Pyzalska, Anna, 2022. "Conceptual design of energy market topologies for communities and their practical applications in EU: A comparison of three case studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 169(C).
    2. Cristian Pons-Seres de Brauwer, 2022. "The Politics of Market Change towards Sustainability: Revisiting Germany’s Policy Support Framework for Renewables," Energies, MDPI, vol. 15(11), pages 1-27, May.
    3. Trigo-González, Mauricio & Batlles, F.J. & Alonso-Montesinos, Joaquín & Ferrada, Pablo & del Sagrado, J. & Martínez-Durbán, M. & Cortés, Marcelo & Portillo, Carlos & Marzo, Aitor, 2019. "Hourly PV production estimation by means of an exportable multiple linear regression model," Renewable Energy, Elsevier, vol. 135(C), pages 303-312.
    4. Federica Cucchiella & Idiano D’Adamo & Paolo Rosa, 2015. "Industrial Photovoltaic Systems: An Economic Analysis in Non-Subsidized Electricity Markets," Energies, MDPI, vol. 8(11), pages 1-16, November.
    5. Hamed Khodayar Sahebi & Siamak Hoseinzadeh & Hossein Ghadamian & Mohammad Hadi Ghasemi & Farbod Esmaeilion & Davide Astiaso Garcia, 2021. "Techno-Economic Analysis and New Design of a Photovoltaic Power Plant by a Direct Radiation Amplification System," Sustainability, MDPI, vol. 13(20), pages 1-18, October.
    6. Junlakarn, Siripha & Kittner, Noah & Tongsopit, Sopitsuda & Saelim, Supawan, 2021. "A cross-country comparison of compensation mechanisms for distributed photovoltaics in the Philippines, Thailand, and Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 145(C).
    7. William Hongsong Wang & Vicente Moreno-Casas & Jesús Huerta de Soto, 2021. "A Free-Market Environmentalist Transition toward Renewable Energy: The Cases of Germany, Denmark, and the United Kingdom," Energies, MDPI, vol. 14(15), pages 1-27, July.
    8. Fleck, Ann-Katrin & Anatolitis, Vasilios, 2023. "Achieving the objectives of renewable energy policy – Insights from renewable energy auction design in Europe," Energy Policy, Elsevier, vol. 173(C).
    9. Tang, Daogui & Fang, Yi-Ping & Zio, Enrico, 2023. "Vulnerability analysis of demand-response with renewable energy integration in smart grids to cyber attacks and online detection methods," Reliability Engineering and System Safety, Elsevier, vol. 235(C).
    10. Shao, Nina & Ma, Liangdong & Zhang, Jili, 2020. "Experimental investigation on the performance of direct-expansion roof-PV/T heat pump system," Energy, Elsevier, vol. 195(C).
    11. Pons-Seres de Brauwer, C. & Cohen, J.J., 2020. "Analysing the potential of citizen-financed community renewable energy to drive Europe's low-carbon energy transition," Renewable and Sustainable Energy Reviews, Elsevier, vol. 133(C).
    12. Tomasi, Silvia, 2022. "The (Non) impact of the Spanish “Tax on the Sun” on photovoltaics prosumers uptake," Energy Policy, Elsevier, vol. 168(C).
    13. Julia Maria Wittmayer & Tessa de Geus & Bonno Pel & F. Avelino & Sabine Hielscher & Thomas Hoppe & Marie Susan Mühlemeier & Agata Stasik & Sem Oxenaar & Karoline K.S. Rogge & Vivian Visser & Esther Ma, 2020. "Beyond instrumentalism: Broadening the understanding of social innovation in socio-technical energy systems," ULB Institutional Repository 2013/312323, ULB -- Universite Libre de Bruxelles.
    14. Kaplanis, S. & Kaplani, E. & Kaldellis, J.K., 2022. "PV temperature and performance prediction in free-standing, BIPV and BAPV incorporating the effect of temperature and inclination on the heat transfer coefficients and the impact of wind, efficiency a," Renewable Energy, Elsevier, vol. 181(C), pages 235-249.
    15. Li, Na & Okur, Özge, 2023. "Economic analysis of energy communities: Investment options and cost allocation," Applied Energy, Elsevier, vol. 336(C).
    16. Ahsan, Syed M. & Khan, Hassan A. & Hassan, Naveed-ul & Arif, Syed M. & Lie, Tek-Tjing, 2020. "Optimized power dispatch for solar photovoltaic-storage system with multiple buildings in bilateral contracts," Applied Energy, Elsevier, vol. 273(C).
    17. Tian, Shuai & Yang, Guoqiang & Du, Sihong & Zhuang, Dian & Zhu, Ke & Zhou, Xin & Jin, Xing & Ye, Yu & Li, Peixian & Shi, Xing, 2024. "An innovative method for evaluating the urban roof photovoltaic potential based on open-source satellite images," Renewable Energy, Elsevier, vol. 224(C).
    18. Beuse, Martin & Dirksmeier, Mathias & Steffen, Bjarne & Schmidt, Tobias S., 2020. "Profitability of commercial and industrial photovoltaics and battery projects in South-East-Asia," Applied Energy, Elsevier, vol. 271(C).
    19. Mehmet Efe Biresselioglu & Siyami Alp Limoncuoglu & Muhittin Hakan Demir & Johannes Reichl & Katrin Burgstaller & Alessandro Sciullo & Edoardo Ferrero, 2021. "Legal Provisions and Market Conditions for Energy Communities in Austria, Germany, Greece, Italy, Spain, and Turkey: A Comparative Assessment," Sustainability, MDPI, vol. 13(20), pages 1-25, October.
    20. Badr Eddine Lebrouhi & Eric Schall & Bilal Lamrani & Yassine Chaibi & Tarik Kousksou, 2022. "Energy Transition in France," Sustainability, MDPI, vol. 14(10), pages 1-28, May.

    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:gam:jeners:v:14:y:2021:i:3:p:738-:d:490364. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.