38. Quantitative Analysis on Risk Assessment in Photovoltaic Installations: Case Study in the Region of Murcia and the Dominican Republic

Geographic latitudes that have high solar radiation utilization and are susceptible to the installation of photovoltaic plants must be subject to risk management and assessment to verify the viability of such plants during their useful life. To demonstrate the profitability of these projects, we present a study that allows planning mitigation responses and comparing quantifiable technical and financial data. For this purpose, a quantitative risk analysis is performed combining two decision methods (ANP-TOPSIS) to evaluate the influence of one risk on another. Through a group of experts, the effect of the risks on the photovoltaic installations from the design stage right through to the construction and start-up is determined. The risks taken into account have been identified by carrying out the process recommended by the project management guide (PMBOK) in its risk management section. In the work, the most profitable facility is selected from the comparison in countries like Spain and Dominican Republic, specifically in the Region of Murcia and Santo Domingo. This analysis helps photovoltaic developers and investors to make decisions in cases of uncertainty.