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English(Project, Equity and Payout)Image RemovedNPVImage RemovedDSCR

DSCR = internal financed components of the operative Cashflow(t) / Debt Service referred to the Look Back Period

Full-load Hours

Full-load Hours = Production Amount per year / Power

Capacity Factor

Capacity Factor = Full-load Hours / ha

with ha = hours per year (8760 h)

Sum Production AmountSum Production Amount = Production Amount x Project LifetimeLCOE
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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

GermanIRR
(Projekt-, Eigenkapital- und Payoutrendite)

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NPVImage RemovedDSCR

DSCR = intern finanzierte Komponenten des operativen Cashflows(t) / Schuldendienst gemäss Rückschaufenster

Volllaststunden

Volllaststunden = Produktionsmenge pro Jahr / Leistung

Kapazitätsfaktor

Kapazitätsfaktor = Volllaststunden / ha

mit ha = Stunden pro Jahr (8760 h)

Summe ProduktionsmengeSumme Produktionsmenge = Produktionsmenge x ProjektlaufzeitLCOE
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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.  

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