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780 PHOTOVOLTAIC SYSTEMS<br />

Figure 17.27<br />

Central PV system installed at Toledo (Source: IESMadrid)<br />

Figure 17.28 Central PV system installed on the roof of the new fair in Munich, Germany<br />

(Source: Siemens Solar)<br />

developer, the owner of the electricity grid, the end owner of the PV system and the<br />

so-called limited partners. The projects are financed either by purely equity capital of the<br />

owners or by a mix of equity and debt capital through credits. The (major) portion of<br />

the capital is generated by the project through a public placement. In this case, transaction<br />

costs are minimal and risk-funding is supplied by the larger public participating with risk<br />

equity (see Figure 17.30).<br />

17.2.5 Space Application<br />

The number of artificial satellites launched by the world’s nations exceeds more than<br />

5000. Some of them return to Earth as part of their mission and others fall to Earth after

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