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T-Space at The University of Toronto Libraries >
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Please use this identifier to cite or link to this item: http://hdl.handle.net/1807/24620

Title: Using a Financial Model to Determine Technical Objectives for Organic Solar Cells
Authors: Powell, Colin
Advisor: Lawryshyn, Yuri Andrew
Bender, Timothy
Department: Chemical Engineering and Applied Chemistry
Keywords: Solar Energy
Organic Solar Cells
Payback Period
Net Present Value
Issue Date: 27-Jul-2010
Abstract: Organic solar cells (OSCs) are of interest because the technology offers a significant opportunity to reduce the overall costs of solar energy. OSCs can be very inexpensive to produce given that they rely on non-commodity materials and can use existing manufacturing techniques that are not labour- and capital-intensive. In this research, a financial model, named TEEOS (Technological and Economic Evaluator for Organic Solar), is developed and is used to determine financial indicators, such as simple payback period. These indicators are used to determine technical objectives for the OSCs. Two sample cells are evaluated in Toronto, Canada using historical data. The results show that the cell with a higher efficiency and wider absorptive wavelength range produces a payback period of approximately nine years, while the other cell has a payback period well over 45 years. Stochastic modeling techniques are also used to better replicate electricity price and weather fluctuations.
URI: http://hdl.handle.net/1807/24620
Appears in Collections:Master
Department of Chemical Engineering and Applied Chemistry - Master theses

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