Legislative and economic tools of photovoltaic power support in Slovakia

Abstract

At present, the photovoltaic power is subject to a number of discussions in domestic, as well as foreign studies and expert publications. Despite the conditions of the sunshine in the Slovak Republic, which are better than in the Czech Republic or Germany, Slovakia keeps relatively behind current trends in the construction of photovoltaic power plants. The goal of the contribution is, therefore, to present methods and tools that can present support for economic evaluation of photovoltaic power plants. We used mainly the Monte Carlo simulation for the analysis of investment risk with the aim to increase the quality of the decision. In applying the Monte Carlo method for the amount of produced energy and inflation, the cumulative balance of production and current estimated exceeds expectations in the future were predicted.

Keywords

• solar energy
• economic analysis
• photovoltaic power plant
• simulation Monte Carlo