Ustun, F.S.Bilgin, G.Akcay, E.C.2025-02-052025-02-05202497809955463872-s2.0-85208282330https://hdl.handle.net/20.500.14411/10433Energy plays an essential role in the development of countries, addressing the basic needs of people, and advancing technological progress. As the world's population and the energy demand in the industrial sector increase rapidly, the limited non-renewable energy resources prove insufficient to supply this demand. Consequently, both developed and developing countries are shifting towards renewable energy sources to meet their energy needs. As a result, the number of renewable energy projects in the world has been increasing day by day. Solar energy technology stands as an exemplar within the realm of renewable energy resources, playing a pivotal role in contributing to their overall share. Assessing the economic feasibility of solar energy projects is crucial to ensure their success. Traditional economic analysis methods often disregard managerial flexibility, leading to prefer the real options valuation for analysing the economic feasibility of solar energy projects. Therefore, the objective of this research is to review the application of the real options valuation for valuing solar energy projects in the existing literature. The findings of this study may provide a roadmap for future research efforts. © Association of Researchers in Construction Managementeninfo:eu-repo/semantics/closedAccesseconomic feasibilityprojectreal options valuationsolar energysustainabilityConference Object8999080