Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/220419
Title: CASH FLOW AT RISK (CFAR) FOR SOLAR PHOTOVOLTAIC (PV) INVESTMENT IN COMMERCIAL BUILDINGS
Authors: LI YONG LEI
Keywords: Building
PFM
Project and Facilities Management
Lu Yujie
2015/2016 PFM
BiPV
CFaR
Risk Assessment
Issue Date: 19-Jul-2016
Citation: LI YONG LEI (2016-07-19). CASH FLOW AT RISK (CFAR) FOR SOLAR PHOTOVOLTAIC (PV) INVESTMENT IN COMMERCIAL BUILDINGS. ScholarBank@NUS Repository.
Abstract: Solar Photovoltaics (PV) has increasingly caught the world’s attention as a substitute to fossil fuels to reduce greenhouse gas. Singapore being a high electricity consumption nation has been exploring the viability of solar generation. Due to land constraint, Building Integrated Photovoltaics (BiPV) is a better option where photovoltaics materials that can be used to replace conventional building materials in parts of the building envelope. However as BiPV projects require capital investments and the revenue is dependent on the PV output, the profitability of which is being questioned. This indicates a need to re-assess the stability and sustainability of electricity generation by BiPV systems in Singapore so as to help project investors to better manage project cash flow. This study aims to find out the key factors that are often neglected, but potentially affecting the BiPV output in Singapore. Upon identification of the key variables, their levels of impact on the project cash flow are assessed and, as the last step, a hypothetical model is established to predict the profitability of the BiPV system over its project life. This study is set in the context of Singapore commercial building, using Zero Energy Building (ZEB) as a case study. The final result is obtained by going through risk assessment and financial assessment processes. In the risk analysis, a functional equation is generated representing the relationship between risk variables and BiPV performance. The financial impact is then calculated based on the predicted electricity price and predicted PV output, and Cash Flow at Risk (CFaR) is generated through incorporating Earnings before interest, tax, depreciation and amortization (EBITDA) technique in the financial assessment.
URI: https://scholarbank.nus.edu.sg/handle/10635/220419
Appears in Collections:Bachelor's Theses

Show full item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Li Yong Lei 2015-2016.pdf5.92 MBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

9
checked on Jan 26, 2023

Download(s)

3
checked on Jan 26, 2023

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.