Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in UK - Research Paper Example

Comments (0) Cite this document
This report, Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in the UK, will identify and examine the advantages and disadvantages of investing in solar PV and solar thermal system. Several case scenarios will be presented as part of conducting a management risk analysis…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in UK
Read TextPreview

Extract of sample "Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in UK"

Download file to see previous pages It is a universal knowledge that the burning of oil and natural gas could produce and emit excessive carbon monoxide and carbon dioxide that could trigger global warming. To combat the global climate changes, the UK government decided to gradually shift from the use of non-renewable to renewable energy resources. Recently, the Committee on Climate Change announced that the Scottish Government will reduce the carbon gas emission by 3.5% annually between 2020 to 2050. As a result of increasing the use of non-renewable energy resources, the annual emission of carbon dioxide throughout the United Kingdom decreased from 8.95 metric tons per capita in 1995 down to 8.6 metric tons per capita in 2007.
To enable the reader to gain a better understanding of solar PV and solar thermal system, a brief literature review will be conducted concerning the nature and advantages of these two alternative energy resources. Given that existing UK renewable energy industry is focused on the use of biofuels, wind power, and hydroelectricity, this report will conduct a risk management analysis whether or not the UK government should extend its financial and political support in the promotion of either solar photovoltaic or solar thermal as one of the potential renewable energy resources throughout the United Kingdom. This study is focused on determining whether or not it would be feasible and cost-effective on the part of the UK government to extend its support over the use of either solar photovoltaic or solar thermal system, this report is limited in terms of discussing other forms of renewable energy resources other than solar photovoltaic and solar thermal system. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in Research Paper - 1, n.d.)
Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in Research Paper - 1. Retrieved from
(Market Risk Analysis on Solar Thermal Vs. Solar Photovoltaic System in Research Paper - 1)
Market Risk Analysis on Solar Thermal Vs. Solar Photovoltaic System in Research Paper - 1.
“Market Risk Analysis on Solar Thermal Vs. Solar Photovoltaic System in Research Paper - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in UK

Solar Energy Power (Photovoltaic Systems)

..., architects and engineers 3rd ed., London: Earthscan. Endecon Engineering, 2001. A guide to photovoltaic (PV) system design and installation 3rd ed., Sacramento. Available at: Energy Saving Trust, 2012. Solar panels. Energy Saving Trust. Available at: [Accessed April 5, 2012]. Ernst & Young, 2011. Ernst & Young UK solar PV industry outlook: The UK 50kW to 5MW solar PV market, Available at: Gooding, P., 2012. Consumer price indices, February 2012. Office for National Statistics. Available at: http...
18 Pages(4500 words)Dissertation

Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in UK

...Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in UK Table of Contents I. Introduction ………………………….……………………………. 4 a. Purpose of the Research Study ……………………… 6 b. Rationale for the Selected Research Topic ………… 6 c. Scope and Limitations …………………………………. 7 d. Research Questions ……………………………………. 7 e. Definition of Terms …………………………………….. 8 II. Literature Review ………………………………………………….. 10 a. Similarities and Differences between Solar Photovaltaic and Solar Thermal System ……………… 10 b. Advantages and Disadvantages of Using SolarPhotovoltaic and Solar Thermal System ..................... 11 c. PESTLE Analysis in UK ………………………………… 12 c.1 Political ………………………………………… 12 c.2 Environment ………………………………….. 14 c.3 Social...
20 Pages(5000 words)Essay

Solar thermal heating systems for domestic use in the uk

In the case that solar power is useful in the United Kingdom, the cost of the installation will be put into context with the theoretical energy savings using the information from one British household. This information will be applied to thermal heating systems for use in central heating. In many countries, full solar electricity systems are not viable. In these cases, solar energy can still be utilised to lower the dependence on fossil fuels, and can be transformed into central heating or hot water. These systems do not generally rely on photovoltaic plates to convert the energy, as these are particularly expensive, but instead use one of two main systems: direct or indirect. These systems were tested in the course of this paper...
42 Pages(10500 words)Dissertation

Improvement of solar thermal collector

Proposal for Improvement of Solar Thermal Collectors Fresnel lenses are the ical lighthouse light design. They are able to use lessmass to capture light more obliquely. I propose using Fresnel lenses in an isolated vessel to absorb more light and reduce thermal loss. The project will begin with simulation to find the best design dimensions and determine initial plausibility. This software simulation can likely be done exclusively with available and off-the-shelf electronics and software, but may need slight proprietary modification; there should be no need for elaborate custom software. Once the best design dimensions are created, anywhere from two to ten prototypes will be built and tested. They will be tested under a variety of...
2 Pages(500 words)Research Proposal

Solar System

...?The Solar System The Solar System The Sun is the center of the solar system. All objects in the solar system revolve around it. The planets that comprise the solar system, starting form the one closest to the sun is Mercury. With the demotion of the used to be 9th planet, in 2006, Pluto was downgraded to being a dwarf planet, making Mercury as the smallest planet in the solar system. It is followed by Venus which has a primarily carbon dioxide atmosphere, Earth which is a haven for life due to its distance from the sun and some other factors, Mars that has an Earth-like climate and the planet that completes the inner solar system. It is followed by Jupiter which is the biggest planet and the closest to the sun amongst the planets...
2 Pages(500 words)Term Paper

Risk Management on Solar Thermal vs. solar photovotaic system in the Uk

...?Table of Contents Table of Contents Introduction 3 Purpose of the Study 5 Rationale for Selecting the Research Topic 6 Scope and Limitations 6 Research Objectives 7 Risks linked to different Renewable Energy Systems (RES) 7 8 Literature Review 9 Similarities and Differences between Solar Photovoltaic and Solar Thermal System 9 Advantages and Disadvantages of Using Solar Photovoltaic and Solar Thermal System 9 PESTLE Analysis in UK 11 Political 11 Environment 12 Social 13 Technology 13 Economic 14 Risk Management Analysis 14 Credit Risks 14 Climate and Environmental Risks 15 Market Risks 15 Proposed Methodology for Risk Management in Renewable Energy Projects 16 Project Definition and Requirements 17 Risk Identification 20 Risk Evaluation...
21 Pages(5250 words)Dissertation

The Solar System

...The Solar System Faculty The Nebular Theory Originally, nebula was a general for any extended astronomical object, including galaxies beyond the Milky Way. A nebula is an interstellar cloud of dust, hydrogen gas and plasma and is often considered as the region where formation of stars, planets takes place. The example of such a region is Eagle Nebula. In the nebulae, the formations of gas, dust and other materials clump together, to form larger masses (objects). These larger objects attract further matter, and at last become big enough to form stars. The remaining materials that left are responsible for formation of planets, moons and asteroids. Our solar system can be said as the example of the above case [Nebula: Wikipedia...
4 Pages(1000 words)Essay

Optimizing solar thermal resurce

... water, heating space and cooling the space was calculated using RET screen which is able to estimate energy production, savings ,cost, viability and risks of various renewable energy and energy efficient techniques. In order to determine the comparative value of solar heating and cooling system and traditional HVAC system, net present value (NPV) of each system type was used. A sensitivity analysis test was used to assess the effects various fractions on the economic feasibility of each system. In economic analysis, the results from this study shown that, in 10 years, solar system NPV was $678,713 while that of HVAC was & $661,185. In, 20 years the NPV for solar system was $688,952 while HVAC was $714,809. Lastly, in 30 years time...
2 Pages(500 words)Essay

Solar power

...Solar Power Contents Executive Summary 3 Introduction 3 What is solar energy? 4 History and development of solar cell 4 How Solar cells work 5 The process of Photovoltaic cells 5 Techniques for generating electricity from solar power 6 Photovoltaic solar panels 6 Concentrating solar power 6 Hybrid power system 6 Solar panels and how they work 6 The basic types of solar panels 7 Poly-crystalline solar panels 7 Mono-crystalline solar panels 7 Amorphous  7 Lifespan of Solar Panels 8 Installation cost and maintenance of solar panels 8 Maintenance procedure of solar panels 8 The efficiency of solar panels 9 Charge controllers 9 Stand-alone charge controllers 9 Integrated charge controller circuitry 10 AC generators for power backup 10...
18 Pages(4500 words)Research Paper


...Solar Energy; Sandikahlo, Nepal Implementation Plan As detailed in the previous sections, the aim of the project is to provide energy solutions to 150 houses in Sandikohla village, Nepal. The electricity from the solar panels will go a long way in enhancing and improve the quality of life for the residents. The project will reduce costs spent on buying candles and flashlight batteries while students will get the opportunity to read at night. Source:
2 Pages(500 words)Essay

Thermal Solar Energy

(n.d). Cost of operation, equipment and maintenance is expensive. This necessitates the need for a source of energy that is renewable, available at low cost and eco-friendly. The best option is renewable energy that is restored by natural process. In regards to the UAE, the most available source of renewables is solar. The solar energy comes from the sun and the nuclear activities in the core of the sun release radiant energy. The solar energy is quickly converted into electrical or thermal energy (Cameron & Craig, 2010).
The paper will discuss thermal solar power generation. It will also outline the advantages and disadvantages of thermal solar generation. Moreover, the essay will concentrate on the utilization of this kind o...
10 Pages(2500 words)Essay

Solar Power: Photovoltaic Cells

The practical use of solar cells, however, was made possible in the 1950s with the discovery of silicon’s ability to generate electric current on exposure to light. The first usable silicon solar cells had an efficiency of six percent but the percentage today is much higher at about 20 percent. Solar power usage is also on the increase with more people turning to solar power as a source for their energy needs both in their homes and at their businesses and the technology is also being utilized in large scale by utility companies. The typical small-scale solar panels used domestically are made of solar cells clustered into modules that can accommodate up to 40 cells. The solar cell contains semiconductors which in tur...

8 Pages(2000 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Market Risk Analysis on Solar Thermal vs. Solar Photovoltaic System in UK for FREE!

Contact Us