Improving the Attractiveness of Sustainable Energy Investments in Photovoltaics: Quantifying and Managing the Technical Risk for Current and New Business Models.
On the 1st March 2015 the European Project “Solar Bankability” was launched. Over the next two years, the consortium which is composed of 3E, ACCELIOS Solar, EURAC, EPIA and TÜV Rheinland will work intensively with the support of an Advisory Board of expert stakeholders from different parts of the PV industry value chain. The goal is to increase trust by establishing a common practice for professional risk assessment based on PV technical and financial due diligence. The consortium will focus on technical risks, on the way they translate into costs and on the way financial returns appear in different business models.
The specific objectives of the project are:
- To develop, document and establish practices for evaluating and mitigating the technical risks associated with investments in photovoltaics over the project life cycle, i.e., during development, operation and decommissioning.
- To develop, document and establish practices for valuing such risks when modeling the costs of a PV investment as investors do when evaluating the life cycle costs of such projects.
- To evaluate how these risks affect the electricity production and the expected return on investment in different business models.
- To enable the key actors, and particularly the financial market actors, to widely adopt the project results as best practices for the mitigation of risk of sustainable energy investments with current and new business models.
David Moser, the project’s coordinator, stated: “We are happy to see that the European Commission actively supports the improvement of the financeability and attractiveness of the sustainable energy investments”. Caroline Tjengdrawira, the project’s technical manager, added: “Europe needs to build knowledge and understanding on the technical and consequently the financial risks over the lifetime of the photovoltaic system and come up with targeted recommendations in order to increase the trust of the investors.”
|The Solar Bankability project has received funding from the European Union’s Horizon 2020 research and innovation programme under the grant agreement No 649997.|
You can read the press release in french HERE