Real options analysis for photovoltaic project under climate uncertainty

Kyeongseok Kim, Sejong Kim, Hyoungkwan Kim

Research output: Contribution to journalConference articlepeer-review

7 Citations (Scopus)


The decision on photovoltaic project depends on the level of climate environments. Changes in temperature and insolation affect photovoltaic output. It is important for investors to consider future climate conditions for determining investments on photovoltaic projects. We propose a real options-based framework to assess economic feasibility of photovoltaic project under climate change. The framework supports investors to evaluate climate change impact on photovoltaic projects under future climate uncertainty.

Original languageEnglish
Article number012080
JournalIOP Conference Series: Earth and Environmental Science
Issue number1
Publication statusPublished - 2016 Sept 26
Event2016 International Conference on New Energy and Future Energy System, NEFES 2016 - Beijing, China
Duration: 2016 Aug 192016 Aug 22

Bibliographical note

Publisher Copyright:
© Published under licence by IOP Publishing Ltd.

All Science Journal Classification (ASJC) codes

  • Environmental Science(all)
  • Earth and Planetary Sciences(all)


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