Work detail

Does solar energy have a future in Central Europe?

Author: Mgr. Ladislav Tůma
Year: 2015 - summer
Leaders: prof. Ing. Karel Janda M.A., Dr., Ph.D.
Work type: Finance, Financial Markets and Banking
Language: English
Pages: 87
Awards and prizes:
Abstract: The thesis evaluates the prospects of use of the solar energy in the Czech Republic. The thesis contains
the estimation of merit-order effect caused by renewable sources. Its value is 5.74 EUR/MWh in 2014
out of which 2.37 EUR/MWh is attributable to the solar energy. Three hypothetical scenarios about the
deployment of new solar power plants are construed. Results indicate that proliferation of such plants
would increase the merit-order effect and make solar energy less competitive even if possible decrease
in costs of generation is taken into account. Thus the thesis’ conclusions do not support solar energy as
the reasonable choice in the Czech Republic. In the last part, the effect of photovoltaic output on the
system imbalance is examined. Solar production has the influence on the magnitude of the system
imbalance but the decisive evidence about the impact on the volatility is not found.




Patria Finance
Česká Spořitelna