TY  - JOUR
TI  - RETURN ON INVESTMENT ANALYSIS OF UNLICENSED SOLAR ENERGY PROJECTS IN TURKEY
AB  - First of all, this study aims to show how the power size and currency affect the return on investmentpercentages of unlicensed solar energy projects in Turkey. Commonly, the investors have confusions on theirminds while taking investment decisions. Particularly, there are definite variables which may affect a solar energyproject’s return on investment percentage and so the research question of how a multiple regression model canrepresent this percentage comes back to mindstoo. In order to simulate investment scenarios, this study is designedby using the sample of unlicensed solar energy installations which have the capacity of 250 KW, 500 KW and 1000KW. According to the cash flow analyses for these samples the effects of power size and currency variables toreturn on investment percentages are observed. Therefore, the multiple regression model of return on investmentpercentagesis offered by taking into account the power capacity and currency as independent variables to estimatethe future cash flows by comparing each cases. As a result, the correlations are observed between dependentvariable and independent variables. Especially, the power capacity has significant effect on return on investmentrates of projects in accordance with the fundamental rule of risk-reward relation in finance. Also, the share ofcurrency risk is calculated to prove how the volatility in currency index may affect the return on investment rates.
AU  - Saldı, Mustafa Hakan
AU  - Ertuğrul, Murat
DO  - 10.15295/bmij.v8i1.1314
PY  - 2020
JO  - Business and Management Studies: An International Journal
VL  - 8
IS  - 1
SN  - 2148-2586
SP  - 903
EP  - 923
DB  - TRDizin
UR  - http://search/yayin/detay/377080
ER  -