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Related to photovoltaic: Photovoltaic effect, photovoltaic cell


Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Present Value

The worth of a future amount of money at specific point in time. If one expects an investment to result in a cash flow at a certain time in the future, calculating the cash flow's present value will help the investor decide whether the investment results in a real profit. Calculating the present value assumes that the investor knows both the future amount and the applicable interest rate or rate of return. One discounts the interest rate or rate of return from the future amount in order to arrive at the present value. Mathematically, this is expressed as:

Ct = C(1 + i)-t where C is money, t is a number of years, and i is the interest rate or rate of return.

Present value of money is important in calculating bond yields, the value of annuities, and many other transactions. It is also used in comparing the value of two amounts of money existing in different times. See also: Adjusted for inflation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
El Romero Solar is one of the biggest photovoltaic plants owned and operated by ACCIONA, with a capacity of 246 MWp.
The photovoltaic backsheet market could be explored based on type as Fluoropolymer and Non-Fluoropolymer.
Because most photovoltaic arrays are installed on the roof of buildings and the threat of building fire to photovoltaic systems depends mainly on the temperature field of the roof, heat flow and other factors, the authors setup six thermocouples and heat flow metres in the simulation scenarios to monitor the temperature field and heat flow on the building roof.
The behavior of the photovoltaic cell parameter function of the temperature is very well described by the temperature coefficients [11-21].
The Company was the birthplace of China's first color picture tube and first LCD glass substrate, as well as China's leading manufacturer of solar photovoltaic glass and luminous materials.
In 2015, total installed output in Europe rose to almost 100 GW, making the continent one of the largest markets for photovoltaics. A total of 50 GW of new photovoltaic capacity was added worldwide in 2015 in the midst of a strong growth phase which will witness the global photovoltaic capacity increasing to over 300 GW in 2016 and 500 GW by 2019.
The meeting will discuss a number of solar-related issues including renewable energy resources, energy efficiency in building, operation of solar cells and their performance, types and materials of photovoltaic cells, manufacturing of photovoltaic modules and their components, NERC official added.
The company offers photovoltaic solar energy facilities and turnkey residential solar solutions to its business, government and utility customers.
Depending on the application, we can divided photovoltaic systems into the following groups and applications on small systems, insular systems, and network systems.
According to Wikipedia the worldwide photovoltaic power capacity grew by 38% in 2013 when the production level went up to 139 GW.