Search results for "cash flow"
showing 10 items of 61 documents
Economic analysis of different supporting policies for the production of electrical energy by solar photovoltaics in western European Union countries
2010
Abstract Within various renewable energy technologies, photovoltaics (PV) today attracts considerable attention due to its potential to contribute a major share of renewable energy in the future. However, PV market development is, undoubtedly, dependent on the political support of any given country. In this paper, after a brief analysis of national support policies in PV technology in western European Union (EU) countries, the authors perform an economic analysis of the main support mechanisms as implemented in the same countries, based on the calculation of the cash flow, the Net Present Value (NPV) and the Internal Rate of Return (IRR) indices. The analysis shows that in some situations s…
The Connectivity of Information for the Integrated Reporting
2013
The purpose of this chapter is to shed light on the guiding principle of connectivity of information which the Integrated Reporting Framework presents as a way of translating the integrated thinking into action. In doing so, the chapter moves from the analysis of the main reports that are a source of information for Integrated Reporting, defining them as “partial” reports because they represent only a part of the comprehensive value creation story. The ways in which these reports are aggregated and/or integrated during the process of construction of an Integrated Report have the potential to affect the level of connectivity of information. In addressing these issues, the chapter proposes th…
Assessing the economic profitability of Paulownia as a biomass crop in Southern Mediterranean area
2022
The increase of renewable energy production worldwide, occurred in the last years, is also attributable to some agroforestry species cultivated according to the short rotation coppice technique. Although these species are able of enhancing abandoned or marginal land leading to numerous environmental benefits, an increasing number of farmers are introducing them in place of agricultural crops. Therefore, since for a farmer economic sustainability is one of the main factors to introduce a biomass crop, the study aimed at evaluating the profitability of Paulownia, a species that has been spreading in recent years. In particular, an economic analysis has been carried out in a Southern Italian f…
Giant reedasenergycropforSouthernItaly: An economicfeasibilitystudy
2016
Among renewablesourcesgiantreedhasattractedagrowinginterestasenergycropespeciallyin Southern Europe,thankstoitslowagronomicinputrequirements.Thispaperaimedatevaluatingthe economic feasibilityofintroductionofgiantreedplantationasenergycropintheSouthernItaly.In particular,aneconomicand financial analysiswasperformedbycomparinggiantreed(bothfor woodchip andchoppedforageproduction)withtraditionalcrops(pluriannualandannual)thatare currentlycultivatedinthesamearea,suchaswinegrape,melonandtomato.Resultsshowedthehighest profitability ofgiantreedrespecttoothercropswithcurrentmarketprices.Inparticular,giantreed destined towoodchipproductiondenotedthehighestannualgrossmarginwithavalueof647.10 € ha1, f…
The recent change in the Italian policies for photovoltaics: Effects on the payback period and levelized cost of electricity of grid-connected photov…
2015
Abstract This paper provides an economic analysis of the investment in grid-connected PV (photovoltaic) systems installed on the rooftops of buildings located in densely urbanised contexts. The analysis was applied to some case studies that were selected as representative of the latitudes of the southern, central and northern Italy. The returns of the investment in PV systems were investigated with the aim of comparing the impact of the current PV policy, based on the tax credit scheme, with the FIT (feed-in tariff) scheme, in force until July 2013. The cash flows related to the disbursements and benefits during the lifetime of the investment were computed for each combination of orientatio…
Conclusioni
2012
La macroecomia della finanza ha ridotto i vincoli di libertà delle nazioni in assenza di una codificazione delle regole condivise da tutti i partecipanti al sistema economico internazionale. La dimensione spaziale della crescita, invece, è probabilmente una risposta adatta ai processi di cambiamento in atto e complementare alle risposte fino ad oggi fornite. La marginalità per lo sviluppo regionale, ovvero l’ampia utilizzazione di giacimenti economici, individuali, innovativi poco esplorati, assume un valore strategico perché rivaluta, nell’ambito dei processi di cambiamento economico, l’importanza dei contesti regionali e locali nei loro diversi ambiti. sfida e una scelta per il cambiament…
An analysis of feed’in tariffs for solar PV in six representative countries of the European Union
2014
Abstract In this paper, after a brief review on the main support policies for Photovoltaic (PV) systems in Europe, the specific situations of six representative countries (France, Germany, Greece, Italy, Spain and the U.K.) are examined, with the purpose of highlighting the main differences in the implementation of the feed’in tariff (FiT) support policies adopted for PV systems. In particular, a comparison based on the calculation of economic indexes, as the Discounted Cash Flows (DCF), the Pay-Back-Period (PBP), the Net Present Value (NPV) and the Internal Rate of Return (IRR), for different sized PV systems shows that a specific FiT can sometimes be inconvenient for the producer and that…
The value relevance of earnings, operating cash flow and accruals: A study on UK data
2003
The purpose of the work reported in this paper is to establish the value relevance of earnings, operating cash flows and accruals for UK companies. Innovations in this paper are threefold: the use ...
A note on fair value accounting in a crisis: The influence of the hedge accounting regulations
2010
Published version of an article published in the journal: Business and Economics Journal. Also available from the publisher at: http://astonjournals.com/manuscripts/Vol2010/BEJ-13_Vol2010.pdf The role of fair value accounting in the financial crisis is contorversial and heavily debated. Some claim that fair value accounting of financial instruments contributed to the recent crisis. This note acknowledges that, in many industries, a significant proportion of the financial instruments are entered into for hedging purposes. I examine if a crisis through the hedge accounting regulations, can affect the overall use og fair value accounting in an economy. I present analytical evidence that the bo…
Agronomic performance and energetic potential of two Brassica oilseed species in Sicily, Italy
2018
Industrial crops for energy purposes are object of increasing interest worldwide and play an important role as a source of renewable energy. The aims of this study were to evaluate: i) the agronomic performance of Brassica napus L. var. oleifera D.C. and Brassica carinata A. Braun in a semi-arid environment; ii) to evaluate the economic viability of a pilot combined heat and power (CHP) plant operating on pure vegetable oil (PVO). The research was carried out in Sicily (Italy). The main biometric and yield parameters of the two species were determined. Chemical-physical characterizations were carried out on PVO for each species using specific protocols. The cogeneration of renewable energy …