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Manuscript - Financing Modeling of Renewable Energy Projects

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Steps to build probabilistic Model - 1

1. Create senario options (determinstic/probabilistic) using

data validation function (sheet dashboard (cell E118)

by put the cursor in cell E118 and click tab: Data > Data Validation > combo box

2. Setting up the uncertain variable (sheet dashboard cell V9)

Define “Capacity Factor” as input variable with normal distribution

The mean input value is referred to the assumption used in the deterministic

model. The standard deviation will be assumed here is 7%. This input numbers

will be simulated as normal distribution using SIPmath. The first iteration result of

this simulation is 22.8%. There will be 99 numbers behind this number since we

iterate 100 scenario

next page.

The steps how to generate this result will be detailed in the

87

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