Role of policies on economic feasibility of PV projects

M. H. Albadi; A. H. Al-Badi; A. S. Malik; A. M. Al-Lawati

doi:10.24084/repqj11.201

Role of policies on economic feasibility of PV projects

M. H. Albadi, A. H. Al-Badi, A. S. Malik, A. M. Al-Lawati

Electrical and Computer Engineering

Research output: Contribution to journal › Article › peer-review

2 Citations (Scopus)

Abstract

This paper utilizes solar radiation data of 25 locations in Oman to investigate economic viability of PV projects considering different market conditions. The study investigates the effects of corporate income tax rate, capital cost allowance, and greenhouse gas reduction credit on the feasibility of a typical 5 MW PV power plant at each of the 25 locations. The results show that despite the generous taxation rate in Oman, taxes represent a big burden on renewable energy projects investors; therefore could hinder investments in this sector when capital cost allowances are not considered in tax calculations.

Original language	English
Article number	201
Pages (from-to)	36-39
Number of pages	4
Journal	Renewable Energy and Power Quality Journal
Volume	1
Issue number	11
DOIs	https://doi.org/10.24084/repqj11.201
Publication status	Published - Mar 2013

Keywords

Cost of Energy
Economic Feasibility
Renewable energy
Renewable energy support policies

ASJC Scopus subject areas

Renewable Energy, Sustainability and the Environment
Energy Engineering and Power Technology
Electrical and Electronic Engineering

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.24084/repqj11.201

Cite this

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title = "Role of policies on economic feasibility of PV projects",

abstract = "This paper utilizes solar radiation data of 25 locations in Oman to investigate economic viability of PV projects considering different market conditions. The study investigates the effects of corporate income tax rate, capital cost allowance, and greenhouse gas reduction credit on the feasibility of a typical 5 MW PV power plant at each of the 25 locations. The results show that despite the generous taxation rate in Oman, taxes represent a big burden on renewable energy projects investors; therefore could hinder investments in this sector when capital cost allowances are not considered in tax calculations.",

keywords = "Cost of Energy, Economic Feasibility, Renewable energy, Renewable energy support policies",

author = "Albadi, {M. H.} and Al-Badi, {A. H.} and Malik, {A. S.} and Al-Lawati, {A. M.}",

year = "2013",

month = mar,

doi = "10.24084/repqj11.201",

language = "English",

volume = "1",

pages = "36--39",

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publisher = "European Association for the Development of Renewable Energies, Environment and Power Quality",

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AU - Albadi, M. H.

AU - Al-Badi, A. H.

AU - Malik, A. S.

AU - Al-Lawati, A. M.

PY - 2013/3

Y1 - 2013/3

N2 - This paper utilizes solar radiation data of 25 locations in Oman to investigate economic viability of PV projects considering different market conditions. The study investigates the effects of corporate income tax rate, capital cost allowance, and greenhouse gas reduction credit on the feasibility of a typical 5 MW PV power plant at each of the 25 locations. The results show that despite the generous taxation rate in Oman, taxes represent a big burden on renewable energy projects investors; therefore could hinder investments in this sector when capital cost allowances are not considered in tax calculations.

AB - This paper utilizes solar radiation data of 25 locations in Oman to investigate economic viability of PV projects considering different market conditions. The study investigates the effects of corporate income tax rate, capital cost allowance, and greenhouse gas reduction credit on the feasibility of a typical 5 MW PV power plant at each of the 25 locations. The results show that despite the generous taxation rate in Oman, taxes represent a big burden on renewable energy projects investors; therefore could hinder investments in this sector when capital cost allowances are not considered in tax calculations.

KW - Cost of Energy

KW - Economic Feasibility

KW - Renewable energy

KW - Renewable energy support policies

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VL - 1

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JO - Renewable Energy and Power Quality Journal

JF - Renewable Energy and Power Quality Journal

IS - 11

M1 - 201

ER -

Role of policies on economic feasibility of PV projects

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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