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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