Effects of Financial Conditions on Photovoltaic System Design and Investment Process: An Application on Different Scenarios

In this study, the effect of change in financial conditions, which is very important for investment costs in the process of evaluating Turkey’s solar energy potential, is examined by giving different case scenarios. Sizing of the photovoltaic system with 8.9 MW installed power are given which made for Izmir Organized Industrial Zone during the application phase. Production (simulated) and financial performance of the generated system have been compared to the cities of Izmir, Ankara, and Istanbul, which are located in different geographical regions of Turkey and are at a level of similar development from a socio-economic point of view. The investment return made for three city alternatives in the financial conditions of 2018, has been compared with the return provided in the conditions of 2019. Also, for three alternatives; the results of the different scenarios such as the investment costs to be incurred, the land costs in the investment regions, the energy procurement and other additional supports provided by the state are included in the study. In the photovoltaic investment performance; In addition to system sizing, regional selection, and state incentives, the impact of the financial conditions that are constantly changing has been seen to be very important.