Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions
This study investigates the effect of a renewable energy dissemination policy on investment decisions regarding solar photovoltaic (PV) installation. We present a theoretical model and conduct a simulation analysis to estimate the total capacity of solar PV generators according to a given subsidy po...
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-06-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/13/11/2763 |
| _version_ | 1797566407652671488 |
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| author | Jeongmeen Suh Sung-Guk Yoon |
| author_facet | Jeongmeen Suh Sung-Guk Yoon |
| author_sort | Jeongmeen Suh |
| collection | DOAJ |
| description | This study investigates the effect of a renewable energy dissemination policy on investment decisions regarding solar photovoltaic (PV) installation. We present a theoretical model and conduct a simulation analysis to estimate the total capacity of solar PV generators according to a given subsidy policy. We show how the capacity maximizing subsidy policy depends on the total amount of subsidy budget, interest rate, the expected amount of solar resource and land price in each region. We particularly focus on the improvements of solar PV capacities under the same subsidy budget when the subsidy policy is changed from uniform (equal for all regions) to differential (varying over regional characteristics). This improvement is shown through a case study using Korean data. |
| first_indexed | 2024-03-10T19:27:19Z |
| format | Article |
| id | doaj.art-0301d48f15424ecc884912bb3aa03ffe |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T19:27:19Z |
| publishDate | 2020-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-0301d48f15424ecc884912bb3aa03ffe2023-11-20T02:25:39ZengMDPI AGEnergies1996-10732020-06-011311276310.3390/en13112763Maximizing Solar PV Dissemination under Differential Subsidy Policy across RegionsJeongmeen Suh0Sung-Guk Yoon1Department of Global Commerce, Soongsil University, Seoul 06978, KoreaDepartment of Electrical Engineering, Soongsil University, Seoul 06978, KoreaThis study investigates the effect of a renewable energy dissemination policy on investment decisions regarding solar photovoltaic (PV) installation. We present a theoretical model and conduct a simulation analysis to estimate the total capacity of solar PV generators according to a given subsidy policy. We show how the capacity maximizing subsidy policy depends on the total amount of subsidy budget, interest rate, the expected amount of solar resource and land price in each region. We particularly focus on the improvements of solar PV capacities under the same subsidy budget when the subsidy policy is changed from uniform (equal for all regions) to differential (varying over regional characteristics). This improvement is shown through a case study using Korean data.https://www.mdpi.com/1996-1073/13/11/2763disseminationrenewable energy policyrenewable energy subsidiessolar PV |
| spellingShingle | Jeongmeen Suh Sung-Guk Yoon Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions Energies dissemination renewable energy policy renewable energy subsidies solar PV |
| title | Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions |
| title_full | Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions |
| title_fullStr | Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions |
| title_full_unstemmed | Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions |
| title_short | Maximizing Solar PV Dissemination under Differential Subsidy Policy across Regions |
| title_sort | maximizing solar pv dissemination under differential subsidy policy across regions |
| topic | dissemination renewable energy policy renewable energy subsidies solar PV |
| url | https://www.mdpi.com/1996-1073/13/11/2763 |
| work_keys_str_mv | AT jeongmeensuh maximizingsolarpvdisseminationunderdifferentialsubsidypolicyacrossregions AT sunggukyoon maximizingsolarpvdisseminationunderdifferentialsubsidypolicyacrossregions |