Technical issues in the financing of utility-scale photovoltaics projects

  1. Pablo Angel Valera Martínez
Supervised by:
  1. Gabino Almonacid Puche Director
  2. Vicente Salas Merino Director

Defence university: Universidad de Jaén

Fecha de defensa: 29 September 2016

  1. Joaquín Luque Rodríguez Chair
  2. Pedro Gómez Vidal Secretary
  3. Javier Coloma Calahorra Committee member

Type: Thesis

Teseo: 461573 DIALNET


The use of the renewables energies in general, and the photovoltaic energy in particular, is characterized by having low operation and maintenance (O&M) cost. However, large investment is required. Different financing mechanisms can be implemented in those installations. The budget of MW size projects requires debt financing either by way of balance sheet/corporate guarantee or by project financing. There are different financing mechanisms for utility-scale photovoltaic projects, but the most common is the Project Finance. In order to use this type of financing supported by the project itself, it is essential to thoroughly evaluate all technical aspects to ensure that the investment is based on the verified and reliable project data. Therefore, a primary objective for any photovoltaic plant is to ensure that the plant continuously and reliably operates, thereby generating the maximum economic and energy performance returns. An Inductive Method and Independent Technical Advisory can minimize the project risks.