Sensitivity analysis of a photovoltaic solar plant in Chile

Sensitivity analysis, without the incentive applied, considers the variation of ±30% for five parameters, indicating that the initial cost and the electricity export rate significantly influence the results of the project. A risk analysis was performed on these parameters indicating that an NPV ≤ 0 and an IRR ≥ 12% were reached for 94.0% and 7.0% of the projects, respectively considering the initial cost. Analyzing the electricity export rate, only 5.0% of the projects had positive results for NPV and only 4.0% of the projects meet the criteria established for the IRR.