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Table 4 Summary of dynamic optimization result at the baseline scenario

From: A real options approach to renewable electricity generation in the Philippines

Net present value of renewable energy US$104.97 million
Trigger price of diesel US$168 million/barrel
Option value at initial period (at current diesel price) US$141.38 million
Option value at terminal period (at current diesel price) US$104.97 million
Value of waiting (at current diesel price) − US$36.41 million