{"id":125899,"key":"Financial_Analysis_of_Agrivoltaic_Sheep:_Breeding_and_Auction_Lamb_Business_Models","title":"Financial Analysis of Agrivoltaic Sheep: Breeding and Auction Lamb Business Models","latest":{"id":1273922,"timestamp":"2026-09-16T15:21:59Z"},"content_model":"wikitext","license":{"url":"https://www.appropedia.org/Appropedia:Copyrights","title":"CC-BY-SA-4.0"},"source":"{{Solar footer}}\n\n{{FAST notice}}\n\n[[File:Ga-lamb.jpg|thumb]]\n\n{{Publication data\n| type = Paper\n| cite-as = Adam Gasch, Rafael Lara, Joshua M. Pearce, Financial analysis of agrivoltaic sheep: Breeding and auction lamb business models, ''Applied Energy'', 381, 2025, 125057, https://doi.org/10.1016/j.apenergy.2024.125057. [https://www.academia.edu/126457768/Financial_analysis_of_agrivoltaic_sheep_Breeding_and_auction_lamb_business_models Academia], [https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4864714 preprint]\n| completed = 2025\n| location = Ontario\n}}\n\nControlling vegetation on photovoltaic (PV) farms with sheep grazing is a mature form of agrivoltaics with massive potential to accelerate growth in the sheep farming industry. Agrivoltaic systems are environmentally superior to conventional PV systems, but sheep grazing business models have not been explored in detail. Thus, this study assesses profitability of agrivoltaic sheep grazing and lamb husbandry business models using case studies at two scales (200 kW to 465 MW) for breeding ewes for lambs on the farm and purchasing lambs from auction. For each model, revenue streams, costs and investments are investigated using sensitivity analyses. The results show that despite differences in operational approaches, both base cases, earnings before interest, tax, depreciation and amortization (EBITDA) margins are higher than agriculture industry values due to the increased and reliable revenue source of grazing services. Return on investments (ROIs) for the breeding model range for 16–31 % and the auction model 22–43 % for identical scenarios. While the breeding model exhibits higher EBITDA margins, the auction model offers greater ROI potential, reflecting trade-offs between operational efficiency and initial investments. The results clarify the resilience of agrivoltaics to economic fluctuations, while highlighting sheep agrivoltaics as a stable and profitable investment.\n\n{{Pearce publications notice}}\n\n[[File:Sheep-agrivoltaics.jpg|thumb]]\n\n== Highlights ==\n\n* Agrivoltaics: Solving land-use conflicts with dual-purpose solar farms.\n* Enhanced productivity: Improved EBITDA margins and competitive ROI.\n* Environmental benefits: Optimal land use efficiency and reduced emissions.\n* Economic potential: Canada's sheep supply can drive exports and rural growth.\n* Scalability: Agrivoltaics offer long-term profitability amidst market fluctuations.\n\n{{video|fLLWyAp4P-U}}\n\n== See also ==\n\n{{Pearce-agrivoltaics}}\n\n{{Page data\n| title-tag = Financial Analysis of Agrivoltaic Sheep: Breeding and Auction Lamb Business Models\n| keywords = energy, solar energy, solar power, photovoltaics, Photovoltaic, Agrivoltaic, Land use, Dual use, agriculture, energy policy, farming, FAST Completed, life cycle assessment, land use, dual use, sheep, lamb, Animal husbandry, Financial analysis\n| sdg = SDG02 Zero hunger, SDG07 Affordable and clean energy, SDG08 Decent work and economic growth, SDG09 Industry innovation and infrastructure, SDG12 Responsible consumption and production\n| published = 2025\n| organizations = Free Appropriate Sustainable Technology, Western\n| license = CC-BY-SA-4.0\n| language = en\n| authors = User:J.M.Pearce\n}}\n\n[[Category:Energy]]\n[[Category:Land use]]\n[[Category:Energy policy]]\n[[Category:Farming]]\n[[Category:FAST Completed]]\n[[Category:Sheep]]"}