TY  - CHAP
U1  - Konferenzveröffentlichung
A1  - Kimbrough, Steven
A1  - McElfresh, Michael
A1  - van Dinther, Clemens
T1  - On the business case for merchant solar
T2  - Proceedings 2018 IEEE International Conference on Industrial Technology (ICIT), Lyon Congress Center, Lyon, France, 19 - 22 February, 2018
N2  - This paper addresses what we call the investment question: under what plausible circumstances, if any, can variable renewable energy (VRE, and solar photovoltaic (PV) in particular) be a good investment? Although VRE has been growing rapidly world-wide, it is generally subsidized. Under what cost and market conditions can solar PV flourish without subsidy? We employ solar insolation and market price data from the U.S. and from Germany to gain insight into the investment question. We find that unsubsidized solar PV is or may soon be a justifiable investment, but that market arrangements may play a crucial role in determining success. We end by sketching a proposal that amounts to a reformed capacity market that would afford participation of solar PV.
KW  - solar PV
KW  - solar penetration
KW  - renewables penetration
KW  - curtailment
KW  - capacity market
KW  - solar investment
Y1  - 2018
SN  - 978-1-5090-5949-2
SB  - 978-1-5090-5949-2
U6  - https://doi.org/10.1109/ICIT.2018.8352317
DO  - https://doi.org/10.1109/ICIT.2018.8352317
SP  - 1012
EP  - 1018
S1  - 7
PB  - IEEE
CY  - Piscataway, NJ
ER  -