77169 20230914083234.0 doi 10.3390/app9030425 sideral 110376 ART-2019-110376 eng Sarasa-Maestro, C.J. Evaluating the effect of financing costs on PV grid parity by applying a probabilistic methodology 2019 Access copy available to the general public Unrestricted This paper presents a study that analyses the effect of financing costs on grid parity in photovoltaic (PV) installations by applying a probabilistic methodology. Three different case studies, located in Spain, have been considered, with 500 kW, 50 kW and 5 kW grid-connected PV generators. The technical and economic calculations were performed, considering the interest rate, yield across the Spanish geography, and PV module cost as parameters. The Monte Carlo method was applied to consider the full probabilistic range of values given to the different variables. The goal of this study was to determine, for the studied cases, the levelised cost of energy (LCOE) and the internal rate of return by considering realistic values of the variables. A success rate parameter was calculated, which determined the likelihood of the number of times that the LCOE was below the retail cost of electricity. All the cases were evaluated by applying 10, 000 iterations, considering the standard deviations and means defined. info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 2.474 2019 PHYSICS, APPLIED 62 / 154 = 0.403 2019 Q2 T2 ENGINEERING, MULTIDISCIPLINARY 32 / 91 = 0.352 2019 Q2 T2 CHEMISTRY, MULTIDISCIPLINARY 88 / 176 = 0.5 2019 Q2 T2 MATERIALS SCIENCE, MULTIDISCIPLINARY 161 / 314 = 0.513 2019 Q3 T2 0.418 2019 Engineering (miscellaneous) 2019 Q1 Fluid Flow and Transfer Processes 2019 Q2 Process Chemistry and Technology 2019 Q2 Instrumentation 2019 Q2 Materials Science (miscellaneous) 2019 Q2 Computer Science Applications 2019 Q3 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Dufo-López, R. Universidad de Zaragoza (orcid)0000-0002-1490-6423 Bernal-Agustín, J.L. Universidad de Zaragoza (orcid)0000-0003-2813-1240 5009 535 Universidad de Zaragoza Dpto. Ingeniería Eléctrica Área Ingeniería Eléctrica 9, 3 (2019), 425 Appl. sci. Applied Sciences (Switzerland) 2076-3417 703640 http://zaguan.unizar.es/record/77169/files/texto_completo.pdf Versión publicada 115251 http://zaguan.unizar.es/record/77169/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:77169 articulos driver 2023-09-13-10:45:15 ARTICLE