Financial Investment Valuation Models for Photovoltaic and Energy Storage Projects: Trends and Challenges

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dc.contributor.affiliationGómez-Restrepo, A.M., Grupo de Investigación en Ingeniería Financiera GINIF, Programa de Ingeniería Financiera, Facultad de Ingenierías, Universidad de Medellín, Medellín, 050026, Colombia, Estudiante de Doctorado en Ingeniería—Industria y Organizaciones, Departamento de Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia, Sede Medellín, Medellín, 050034, Colombia
dc.contributor.affiliationGonzález-Ruiz, J.D., Grupo de Investigación en Finanzas y Sostenibilidad, Departamento de Economía, Facultad de Ciencias Humanas y Económicas, Universidad Nacional de Colombia, Sede Medellín, Medellín, 050034, Colombia
dc.contributor.affiliationBotero Botero, S., Departamento de Ingeniería de la Organización, Facultad de Minas, Universidad Nacional de Colombia, Medellín, Sede Medellín, 050034, Colombia
dc.contributor.authorGómez-Restrepo A.M
dc.contributor.authorGonzález-Ruiz J.D
dc.contributor.authorBotero Botero S.
dc.date.accessioned2024-12-27T20:52:04Z
dc.date.available2024-12-27T20:52:04Z
dc.date.issued2024
dc.descriptionEnergy production through non-conventional renewable sources allows progress towards meeting the Sustainable Development Objectives and constitutes abundant and reliable sources when combined with storage systems. From a financial viewpoint, renewable energy production projects withstand significant challenges such as competition, irreversibility of investments, high uncertainty levels, and considerable investment amounts. These facts make their financial valuation fundamental for all the agents involved. Using the Web of Science (WoS) and Scopus databases, a scientometric analysis was carried out to understand the methods that have been used in the financial appraisal of photovoltaic energy generation projects with storage systems. The present research project was developed from 268 studies published between 2013 and 2023; tools such as Bibliometrix 4.1.3, VOSViewer 1.6.19, and Tree of Science 0.0.1a9 were used. Two main findings stand out: (i) the most used methods in the literature are the traditional ones, and within them, the levelized cost of energy has been used with greater frequency; and (ii) there is an interest in analyzing the investments of these systems for residences within the framework of distributed energy generation. Two gaps were found in the literature: (i) the studies that were carried out have not comprehensively incorporated the financial challenges faced by these investments; and (ii) the evaluation of these projects has not been addressed from the perspective of a utility-based power generator. © 2024 by the authors.
dc.identifier.doi10.3390/en17112653
dc.identifier.instnameinstname:Universidad de Medellínspa
dc.identifier.issn19961073
dc.identifier.reponamereponame:Repositorio Institucional Universidad de Medellínspa
dc.identifier.repourlrepourl:https://repository.udem.edu.co/
dc.identifier.urihttp://hdl.handle.net/11407/8710
dc.language.isoeng
dc.publisherMultidisciplinary Digital Publishing Institute (MDPI)spa
dc.publisher.facultyFacultad de Ingenieríasspa
dc.publisher.programIngeniería Financieraspa
dc.relation.citationissue11
dc.relation.citationvolume17
dc.relation.isversionofhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85195829960&doi=10.3390%2fen17112653&partnerID=40&md5=1efa0ff6b9a9c521a9b0c034b1850d95
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dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccess
dc.sourceEnergies
dc.sourceEnergies
dc.sourceScopus
dc.subjectEnergy storageeng
dc.subjectFinancial modelseng
dc.subjectPhotovoltaic systemeng
dc.subjectScientometric analysiseng
dc.subjectEnergy storageeng
dc.subjectEnergy generationseng
dc.subjectEnergy productionseng
dc.subjectFinancial investmentseng
dc.subjectFinancial modelingeng
dc.subjectPhotovoltaic systemseng
dc.subjectPhotovoltaicseng
dc.subjectRenewable sourceseng
dc.subjectScientometric analysiseng
dc.subjectStorage systemseng
dc.subjectValuation modeleng
dc.subjectInvestmentseng
dc.titleFinancial Investment Valuation Models for Photovoltaic and Energy Storage Projects: Trends and Challengeseng
dc.typeReview
dc.type.localRevisiónspa
dc.type.versioninfo:eu-repo/semantics/publishedVersion

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