Research of EMC Based BIPV Project´s B-S Pricing Model and Benefit Sharing Method

In this paper, based on the general theory of real options, combined with features of EMC method and actual situation of BIPV project, a detailed analysis of the BIPV project´s real option characteristics based on EMC was carried out. The B-S option pricing model was used for the evaluation of its investment value, and according to which the profit sharing method including the option value was proposed. This method takes into account the investment opportunities brought to the project by the future uncertainty of the project, so its evaluation to the project is more comprehensive and advanced than the traditional NPV (Net Present Value) method.