Economic Assessment of Photovoltaic Power Plants Construction with Emphasis on Currency Price Fluctuations

A quarter of Iran’s area is made from deserts with radiation exceeding . Also, the solar radiation of many parts of Iran is above the international average. So, the use of solar energy in the power system has increased in recent years. On the other hand, the success or failure of a project relates to the economic fluctuations of the country. In this paper, the effects of currency price sudden increment on the construction of the photovoltaic power plant is evaluated. In this research, several factors including the euro exchange rate, adjustment rate, inflation, taxation, government exchange rate, free exchange rate, and … are considered. A total of 48 cases have been investigated and a comprehensive economic assessment of the construction of photovoltaic power plants in different economic conditions is presented. The results reveal that in addition to the type of dedicated currency, the inflation rate is also effective in the economic evaluation of the photovoltaic power plant.