Risk Management for Utility Scale Solar Photovoltaic Power Plants in the State of Florida


Material Information

Risk Management for Utility Scale Solar Photovoltaic Power Plants in the State of Florida
Physical Description:
1 online resource (167 p.)
Nasri, Ehsan
University of Florida
Place of Publication:
Gainesville, Fla.
Publication Date:

Thesis/Dissertation Information

Doctorate ( Ph.D.)
Degree Grantor:
University of Florida
Degree Disciplines:
Design, Construction, and Planning, Design, Construction and Planning
Committee Chair:
Chini, Abdol Reza
Committee Co-Chair:
Ries, Robert
Committee Members:
Kibert, Charles Joseph
Flood, Ian
Brown, David T


Subjects / Keywords:
florida -- photovoltaic -- power -- risk
Design, Construction and Planning -- Dissertations, Academic -- UF
Building Construction -- Dissertations, Academic -- UF
Design, Construction, and Planning thesis, Ph.D.
Electronic Thesis or Dissertation
bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )


Thisstudy specifically aims to explore available opportunities for further development of large-scale photovoltaic power plants in the state of Florida considering uncertainties and associated risks. This dissertation determined different risks associated with generation of electricity at the utility company scale.This research further investigated the effects of addingsolar-photovoltaic-power plants on reducing the risks associated with the electricity-generation portfolio of Florida’s investor-owned electricity utilities. The four investor-owned utilities examined were Florida Power &Light, Gulf Power, Progress Energy Florida and Tampa Electric. These four investor-owned utilities serve all counties of the State of Florida and in total their generation capacity is almost 77% (44 GW) of the total generation capacity of all Florida utilities. To understand the associated risks with developing PV power plants, top five investor-owned utilities that produce 93% of utility-scale solar electricity in the United States were selected. The financial reports that have been submitted by them to the Securities and Exchange Commission were studied in detail. Once the risks of the utility companies were determined, the effect of adding up to 20% photovoltaic-generation facilities was studied through a Failure Mode andEffect Analysis (FMEA). Adding solar photovoltaic facilities to the portfolio of investor-owned utilities has different result on individual risks associated with the portfolio. It is estimated that adding solar PVs to the portfolio of autility’s energy generating assets could reduce the associated average RiskPriority Numbers. However, adding solar PVs can worsen the effect of two risks:power-generation-new-technology risk and risks associated with vandalism andtheft. Adding 20% of solar PVs to each energy-generating portfolio could reducethe overall average risk RPN of utility by almost 12%. Among all four investor-owned utilities in Florida, Gulf Power has the highest overall average RPN, followed by Tampa Electric and Progress Energy Florida. Florida Power & Light has the lowest overall risk RPN which means the company is bearing less risk than the other three utilities.
Statement of Responsibility:
by Ehsan Nasri.
General Note:
In the series University of Florida Digital Collections.
General Note:
Includes vita.
Includes bibliographical references.
General Note:
Description based on online resource; title from PDF title page.
General Note:
This bibliographic record is available under the Creative Commons CC0 public domain dedication. The University of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Thesis (Ph.D.)--University of Florida, 2013.
General Note:
Adviser: Chini, Abdol Reza.
General Note:
Co-adviser: Ries, Robert.
General Note:

Record Information

Source Institution:
Rights Management:
Applicable rights reserved.
lcc - LD1780 2013
System ID: