From: Impact of the Clean Development Mechanism on wind energy investments in Turkey
MMP income table ($) | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|---|---|---|---|---|
Sales | 0 | 4,378,952 | 4,378,952 | 4,378,952 | 4,378,952 | 4,378,952 | 4,378,952 | 4,378,952 | 4,378,952 | 4,378,952 |
Net carbon emission savings | 0 | 1,227,093 | 1,227,093 | 1,227,093 | 1,227,093 | 1,227,093 | 1,227,093 | 1,227,093 | 1,227,093 | 1,227,093 |
Operating expense | 0 | −230,000 | −230,000 | −230,000 | −230,000 | −230,000 | −230,000 | −230,000 | −230,000 | −230,000 |
Overhead expense | 0 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 |
Maintenance expense (Goldwind) | 0 | −100,000 | −100,000 | −100,000 | −100,000 | −100,000 | −100,000 | −100,000 | −100,000 | −100,000 |
Administrative and operational expenses | 0 | −30,000 | −30,000 | −30,000 | −30,000 | −30,000 | −30,000 | −30,000 | −30,000 | −30,000 |
All risk insurance expense | 0 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 | −50,000 |
Depreciation expense | −2,911,194 | −2,911,194 | −2,911,194 | −2,911,194 | −2,911,194 | −2,911,194 | −2,911,194 | −2,911,194 | −2,911,194 | −2,911,194 |
Interest expense | −2,041,145 | −1,382,691 | −1,257,575 | −1,125,873 | −990,990 | −859,979 | −725,659 | −585,742 | −440,711 | −288,205 |
Corporate tax at 20% | 0 | 0 | 0 | 0 | −29,988 | −320,975 | −347,839 | −375,822 | −404,828 | −435,329 |
Net income | −4,952,339 | 1,082,160 | 1,207,277 | 1,338,979 | 1,443,874 | 1,283,898 | 1,391,354 | 1,503,288 | 1,619,312 | 1,741,317 |