Technical and economic analysis of employing variety of renewable energy in buildings, taking into account different climatic conditions

2016 ◽  
Author(s):  
Mohsen Rezayati ◽  
Mohammad Haerinia ◽  
Ebrahim S. Afjei
Keyword(s):  
Renewable Energy ◽  
Economic Analysis ◽  
Climatic Conditions ◽  
Technical And Economic Analysis

scholarly journals Technical and Economic Analysis of Modernization of Solar Power Plant: A Case Study from the Republic of Cuba

2022 ◽  
Vol 14 (2) ◽  
pp. 822
Author(s):  
Emiliia Iakovleva ◽  
Daniel Guerra ◽  
Pavel Tcvetkov ◽  
Yaroslav Shklyarskiy
Keyword(s):  
Power Plant ◽  
Economic Analysis ◽  
Power Plants ◽  
Solar Power ◽  
Climatic Conditions ◽  
Solar Power Plant ◽  
Solar Module ◽  
Technical And Economic Analysis ◽  
Solar Power Plants ◽  
The Republic

The problem of increasing the efficiency of existing power plants is relevant for many countries. Solar power plants built at the end of the 20th century require, as their shelf lives have now expired, not only the replacement of the solar modules, but also the modernization of their component composition. This is due to the requirements to improve the efficiency of power plants to ensure the expansion of renewable energy technologies. This article presents a technical and economic analysis of the choice of solar power plant modernization method, which consists of (1) a method for calculating the amount of power generation; (2) the modeling of solar power plants under specific climatic conditions; (3) the analysis of electricity generation using different types of PV modules and solar radiation trapping technologies in Matlab/Simulink; and (4) the technical and economic analysis of a 2.5 MW solar power plant in the Republic of Cuba (in operation since 2015), for which four different modernization options were considered. All the scenarios differ in the depth of modernization; the results of the analysis were compared with the existing plant. The results of the study showed that the different modernization scenarios respond differently to changes in the inputted technical and economic parameters (cost per kWh, inflation rate, losses, and power plant efficiency). The maximum NPV deviations among the considered scenarios are: a 1% increase in inflation reduces NPV by 2%; a decrease in losses from 20% to 10% increases the NPV by 2.5%; a change in cost from EUR 0.05 to EUR 0.1 increases the NPV by more than 3.5 times. The dependence of the economic results was also tested as a function of three factors: solar module efficiency, inflation, and the price per 1 kWh. It was found that the greatest influence on the NPV of the proposed model is the price per 1 kWh. Based on this analysis, an algorithm was developed to choose the most effective scenario for the conditions of the Republic of Cuba for the modernization of the existing power plants.

scholarly journals Domestic hydrogen installation in Poland – technical and economic analysis

2015 ◽  
Vol 64 (2) ◽  
pp. 189-196 ◽  
Author(s):  
Maciej Cholewiński ◽  
Łukasz Tomków
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Economic Analysis ◽  
Renewable Energy Sources ◽  
Heat Pumps ◽  
Energy Sources ◽  
Output Volatility ◽  
Technical And Economic Analysis ◽  
Conventional Solution ◽  
Storage Technologies

Abstract The application of renewable energy sources poses the problems connected with output volatility. In order to decrease this effect the energy storage technologies can be applied, particularly fuel cells connected with hydrogen storage. In this paper the application of SOFC system for a household in Poland is proposed. Economic and technical analysis is performed. It was found that the proposed installation is profitable after 25 years of operation when compared with conventional solution - heat pumps and gas-fired boilers

Technical and economic analysis of renewable energy powered stand-alone pole street lights for remote area

2013 ◽  
Vol 33 (1) ◽  
pp. 283-289 ◽  
Author(s):  
Ali Wadi Abbas Al-Fatlawi ◽  
Saidur R. Abdul-Hakim ◽  
T. A. Ward ◽  
Nasruddin A. Rahim
Keyword(s):  
Renewable Energy ◽  
Economic Analysis ◽  
Remote Area ◽  
Technical And Economic Analysis

scholarly journals Economic Analysis of the Investments in Battery Energy Storage Systems: Review and Current Perspectives

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2503
Author(s):  
Paulo Rotella Junior ◽  
Luiz Célio Souza Rocha ◽  
Sandra Naomi Morioka ◽  
Ivan Bolis ◽  
Gianfranco Chicco ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Economic Analysis ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Residential Areas ◽  
Energy Storage Systems ◽  
Battery Energy Storage ◽  
Battery Energy Storage Systems ◽  
Battery Energy

Sources such as solar and wind energy are intermittent, and this is seen as a barrier to their wide utilization. The increasing grid integration of intermittent renewable energy sources generation significantly changes the scenario of distribution grid operations. Such operational challenges are minimized by the incorporation of the energy storage system, which plays an important role in improving the stability and the reliability of the grid. This study provides the review of the state-of-the-art in the literature on the economic analysis of battery energy storage systems. The paper makes evident the growing interest of batteries as energy storage systems to improve techno-economic viability of renewable energy systems; provides a comprehensive overview of key methodological possibilities for researchers interested in economic analysis of battery energy storage systems; indicates the need to use adequate economic indicators for investment decisions; and identifies key research topics of the analyzed literature: (i) photovoltaic systems with battery energy storage systems for residential areas, (ii) comparison between energy storage technologies, (iii) power quality improvement. The last key contribution is the proposed research agenda.

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