(Project, Equity and Payout) English
DSCR = internal financed components of the operative Cashflow(t) / Debt Service referred to the Look Back Period
Full-load Hours = Production Amount per year / Power
Capacity Factor = Full-load Hours / ha
with ha = hours per year (8760 h)
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\mathrm{LCOE} = \frac{\sum^T_{t=0} \frac{ \mathrm{Sales}_t - \mathrm{Cashflow to Equity}_t}{ (1 + \mathrm{Hurdle Rate})^t}}{ \sum^T_{t=0} \frac{\mathrm{Production}_t}{(1 + \mathrm{Hurdle Rate})^t}} |
t=0: Valuation Date
t=T: Project end
(Projekt-, Eigenkapital- und Payoutrendite)
DSCR = intern finanzierte Komponenten des operativen Cashflows(t) / Schuldendienst gemäss Rückschaufenster
Volllaststunden = Produktionsmenge pro Jahr / Leistung
Kapazitätsfaktor = Volllaststunden / ha
mit ha = Stunden pro Jahr (8760 h)
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\frac{\sum^T_{t=0} \frac{ \mathrm{Erlöse}_t - \mathrm{Cashflow to Equity}_t}{ (1 + \mathrm{Zielrendite})^t}}{ \sum^T_{t=0} \frac{\mathrm{Produktion}_t}{(1 + \mathrm{Zielrendite})^t}} |
t=0: Bewertungszeitpunkt
t=T: ProjektendeThe LCOE graph shows the breakdown of the LCOE by category, where category includes Opex, Taxes, Capex, Debt and Reserve Account. In the below example, the cost of electricity by kWh is 8.52 Cent. This means that if the renumeration per kWh is above 8.52 Cents, the project is profitablt. If the renumeration is below, the project generates losses. The Equity IRR used for the calculation can be switched between the Effective Equity IRR and the Hurdle Rate, this by clicking on the dropdown bar and selecting the desired Equity IRR.