Estudo de viabilidade de exploração comercial de uma mini usina fotovoltaica: o aluguel de placas solares.

Abstract

Photovoltaic distributed generation has been intensity growing in Brazil last years and so there has been an evolution in the way how business involving solar energy has taken place. This dissertation is a case study to investigate the investment analysis of a photovoltaic solar plant implementation in a second generation business model in which final user does not own it, that is in this kind of business an interested third part sets up, operates and rents the system in detriment of a discount in the end user energy bill. Capital budgeting techniques were used for the decision to approve or reject the project, such as Net Present Value (NPV), Internal Rate of Return (IRR) and the Payback method. The results showed an IRR twice as high as the fixed Average Attractiveness Rate, as well as a positive NPV over the stipulated period, demonstrating that the project is viable.