Metodologías para la estructuración de inversiones en proyectos de energía renovable.

This study examines three investment methodologies for renewable energy projects: 1) leveled electricity cost, 2) discounted cash flow with Monte Carlo and value at risk (VaR) simulations, and 3) real-world scenarios. Two investment strategies are evaluated: 1) investment without tax incentives, without financing, and with an assets depreciation of over 10 years, and 2) the same conditions as 1), but with tax incentives. A sensitivity analysis is performed to assess the impact of depreciation rate variation and debt percentage on the initial outcomes. The results show that levelized photovoltaic solar electricity and wind costs are 5.1 ¢USD/kWh and 4.8 ¢USD/kWh respectively. There is a reduction of 44% and 39%, respectively, when tax incentives consider assets depreciation to 10 years, 100% debt percentage, and 6% interest rate E.A (discount rate). It is concluded that the LCOE (levelized cost of energy) methodology can be combined with other investment assessment methodologies such as discounted cash flow with Monte Carlo and VaR simulations. [ABSTRACT FROM AUTHOR]