scholarly journals Techno-Economic Feasibility Assessment of Grid-Connected PV Systems for Residential Buildings in Saudi Arabia—A Case Study

2019 ◽  
Vol 12 (1) ◽  
pp. 262 ◽  
Author(s):  
Amir A. Imam ◽  
Yusuf A. Al-Turki ◽  
Sreerama Kumar R.
Keyword(s):  
Power Generation ◽  
Saudi Arabia ◽  
Renewable Energy ◽  
Net Present Value ◽  
Economic Feasibility ◽  
Performance Ratio ◽  
Present Value ◽  
Pv System ◽  
Levelized Cost ◽  
Cost Of Energy

This paper presents a techno-economic feasibility evaluation for a grid-connected photovoltaic energy conversion system on the rooftop of a typical residential building in Jeddah, one of the major cities in Saudi Arabia. In Saudi Arabia, electric energy consumption is the highest in the domestic sector, with 48.1% of the total electricity consumption. As the power generation in Saudi Arabia mainly relies on conventional resources, environmental pollution and energy sustainability are major concerns. To minimize these issues, the Saudi government is in the process of maximizing the utilization of renewable energy resources for power generation. Investing in solar energy in Saudi Arabia is important because the country is witnessing a rapid increase in load demand, with annual growth rates of 6%. In this paper, the system advisor model software for renewable energy modeling has been utilized to perform a techno-economic feasibility analysis of a residential grid-connected solar photovoltaic (PV) system, which is proposed for a typical apartment in Saudi Arabia, on the basis of various key performance indicators, namely: yield factor, capacity factor, performance ratio, levelized cost of energy, net present value, internal rate of return, and payback period. A sensitivity analysis that investigates the impact of varying techno-economic parameters on system performance and feasibility is also discussed. The size of the PV system for a typical Saudi Arabian apartment is estimated to be 12.25 kW. Results have shown that the proposed system can generate 87% of the electricity needs of an apartment. The technical analysis showed that the capacity factor and the performance ratio were 22% and 78% respectively. The levelized cost of energy and net present value revealed competitive figures of 0.0382 $/kWh and $4378, respectively. The investigations indicate that residential PV installations are an effective option for energy management in the country.

A Feasibility Study of the Use of Solar Photovoltaic Energy in Saudi Arabia: A Case Study Assessment in a Factory in Zulfi City

2018 ◽  
Vol 140 (4) ◽  
Author(s):  
Yosry A. Azzam ◽  
Nagwa Ibrahim
Keyword(s):  
Saudi Arabia ◽  
Renewable Energy ◽  
Feasibility Study ◽  
Net Present Value ◽  
Economic Benefits ◽  
Economic Feasibility ◽  
Discounted Cash Flow ◽  
Pv System ◽  
Levelized Cost Of Electricity

Few studies have been implemented to evaluate whether the renewable energy generation could fit into industrial locations in Saudi Arabia. We completed this feasibility study to investigate whether using photovoltaic (PV) solar arrays to power industrial cities at Saudi Arabia is economically feasible. The case study is a factory in Zulfi city, Riyadh Region. We used National Renewable Energy Laboratory's modeling tool, system advisor model (SAM) to evaluate the economic benefits of using a 150 kW DC PV system to cover 100% of the factory monthly power demand. Over 25 years, the system is estimated to generate about 6,000,000 kWh of electricity whose net savings are $398,000 (1 US$ is equal to about 3.75 Saudi Riyals) represented by a discounted cash flow. The proposed system will save the factory around $304,000 that would have to be paid in electric bills and will eliminate considerable amount of CO2 emissions. Sensitivity analysis has been conducted to determine the effects of underlying parameters on the economic feasibility of the proposed system. Levelized cost of electricity (LCOE) generated and net present value (NPV) are used as indicators of proposed system feasibility. The results indicate that these projects can be profitable under some certain assumptions and can potentially be generalized for all industrial locations in Saudi Arabia.

scholarly journals Techno-economic feasibility analysis of a 3-kW PV system installation in Nepal

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Ramhari Poudyal ◽  
Pavel Loskot ◽  
Ranjan Parajuli
Keyword(s):  
Net Present Value ◽  
Meteorological Data ◽  
Electric Energy ◽  
Simulation Software ◽  
Economic Feasibility ◽  
Performance Ratio ◽  
Energy Output ◽  
Solar Pv ◽  
Economic Returns ◽  
Pv System

AbstractThis study investigates the techno-economic feasibility of installing a 3-kilowatt-peak (kWp) photovoltaic (PV) system in Kathmandu, Nepal. The study also analyses the importance of scaling up the share of solar energy to contribute to the country's overall energy generation mix. The technical viability of the designed PV system is assessed using PVsyst and Meteonorm simulation software. The performance indicators adopted in our study are the electric energy output, performance ratio, and the economic returns including the levelised cost and the net present value of energy production. The key parameters used in simulations are site-specific meteorological data, solar irradiance, PV capacity factor, and the price of electricity. The achieved PV system efficiency and the performance ratio are 17% and 84%, respectively. The demand–supply gap has been estimated assuming the load profile of a typical household in Kathmandu under the enhanced use of electric appliances. Our results show that the 3-kWp PV system can generate 100% of electricity consumed by a typical residential household in Kathmandu. The calculated levelised cost of energy for the PV system considered is 0.06 $/kWh, and the corresponding rate of investment is 87%. The payback period is estimated to be 8.6 years. The installation of the designed solar PV system could save 10.33 tons of CO2 emission over its lifetime. Overall, the PV systems with 3 kWp capacity appear to be a viable solution to secure a sufficient amount of electricity for most households in Kathmandu city.

scholarly journals A Techno-Economic Study of 100% Renewable Energy for a Residential Household in China

Energies ◽  
2019 ◽  
Vol 12 (11) ◽  
pp. 2109 ◽  
Author(s):  
Zhe Lv ◽  
Zengping Wang ◽  
Wanyu Xu
Keyword(s):  
Renewable Energy ◽  
Net Present Value ◽  
Evaluation Model ◽  
Economic Feasibility ◽  
Energy Structure ◽  
Renewable Energy Resources ◽  
Depth Of Discharge ◽  
Cost Of Energy ◽  
Pollution Emissions ◽  
Wind Resource

In the context of global warming and energy shortage, this paper discusses the techno-economic feasibility of a residential household based on 100% renewable energy in China. The energy storage life, equipment’s residual value, system shortage capacity and atmospheric pollution emissions were considered comprehensively. A life cycle evaluation model based on the net present value (NPV) was built. Taking a real household as an example, the levelised cost of energy (LCOE) is 0.146 $/kW and the unmet load is only 0.86%, which has a big economic advantage when compared with diesel generators. If grid-connected, the system can bring $8079 in 25 years when the LCOE is −0.062 $/kW. The effects of the allowed shortage capacity, renewable energy resources, battery price and the allowed depth of discharge on the economy and energy structure were examined. For example, due to the features of the residential load, the influence of wind resource richness is more obvious than the irradiance. The maximum depth of discharge has less impact on the economy. This paper verifies the techno-economic rationality and feasibility of 100% renewable energy for a household.

scholarly journals Capacity Optimization and Configuration for Household Wind/PV/Storage Hybrid Power Generation System

2020 ◽  
Vol 9 (1) ◽  
pp. 10
Author(s):  
Min Wang
Keyword(s):  
Power Generation ◽  
Renewable Energy ◽  
Wind Turbines ◽  
Unit Cost ◽  
System Capacity ◽  
Design Calculation ◽  
Hybrid Power ◽  
Hybrid Renewable Energy System ◽  
Levelized Cost ◽  
Cost Of Energy

<p align="justify"><strong> </strong>For capacity matching and design calculation on off-grid Hybrid Renewable Energy System, commercial software like Homer developed by the National Renewable Energy Laboratory is commonly used at present. This paper takes the load demand of household users as the research object, and uses the three cities with different potentials of wind and solar resources as the of the Wind/PV/Storage hybrid power generation systems simulation installation site. The Homer optimizes the system capacity configuration, and the goal is to find the minimum investment cost while meeting the users electricity demand. The results show that the potential of the wind and solar resources will affect the levelized cost of energy of the installed system. The levelized cost of energy will be smaller in the place where the wind and solar resources are abundant. At the same time, the unit cost of the wind turbine is higher than that of the Photovoltaic system, so the cost of wind turbines effect is more obvious for the levelized cost of energy of the overall system. Finally, the paper also analyzes the sensitivity of the technical parameters of wind turbines and loss of power supply probability.</p>

scholarly journals Mapping and Analysis of Initial cost Against Levelized Cost of Energy for Residential PV Rooftoop in Indonesia

2018 ◽  
Vol 67 ◽  
pp. 01024 ◽  
Author(s):  
Riadhi Fairuz ◽  
Eko Adhi Setiawan ◽  
Ikhsan Hernanda
Keyword(s):  
Net Present Value ◽  
Economic Feasibility ◽  
Solar Irradiation ◽  
Solar Pv ◽  
Pv Systems ◽  
Levelized Cost ◽  
Initial Cost ◽  
Cost Of Energy ◽  
The Difference ◽  
The Impact

Future electricity tariffs are expected to increase. To overcome this condition, arise the idea how the residential can generate its own electricity by exploiting the potential of solar energy. However, there are some constraints in its implementation due to the difference of the initial cost and sales from solar PV systems in various region of Indonesia. The purpose of this study is to determine the impact of initial cost on the levelized cost of energy from the system. This study uses the calculation of Levelized Cost of Energy (LCoE) and economic feasibility analysis through the calculation of net present value with net metering scheme. Manado is the most optimal city to implement this system. The initial cost will affect to the LCoE, the high initial cost can be covered by the amount of cash flow generated by the system which has huge solar irradiation potentials.

scholarly journals A Software for Calculating the Economic Aspects of Floating Offshore Renewable Energies

2019 ◽  
Vol 17 (1) ◽  
pp. 218 ◽  
Author(s):  
Laura Castro-Santos ◽  
Almudena Filgueira-Vizoso
Keyword(s):  
Renewable Energy ◽  
Net Present Value ◽  
Renewable Energies ◽  
Economic Feasibility ◽  
Offshore Wind ◽  
Farm Type ◽  
Cost Of Energy ◽  
Distributed Arrays ◽  
Economic Parameters ◽  
Farm Life

The aim of this work is to develop a software to calculate the economic parameters so as to determine the feasibility of a floating offshore renewable farm in a selected location. The software can calculate the economic parameters of several types of offshore renewable energies, as follows: one renewable energy (floating offshore wind—WindFloat, tension leg platform (TLP), and spar; floating wave energy—Pelamis and AquaBuoy), hybrid offshore wind and wave systems (Wave Dragon and W2Power), and combined offshore wind and waves with different systems (independent arrays, peripherally distributed arrays, uniformly distributed arrays, and non-uniformly distributed arrays). The user can select several inputs, such as the location, configuration of the farm, type of floating offshore platform, type of power of the farm, life-cycle of the farm, electric tariff, capital cost, corporate tax, steel cost, percentage of financing, or interest and capacity of the shipyard. The case study is focused on the Galicia region (NW of Spain). The results indicate the economic feasibility of a farm of floating offshore renewable energy in a particular location in terms of its costs, levelized cost of energy (LCOE), internal rate of return (IRR), net present value (NPV), and discounted pay-back period. The tool allows for establishing conclusions about the dependence of the offshore wind resource parameters, the main distances (farm–shore, farm–shipyard, and farm–port), the parameters of the waves, and the bathymetry of the area selected.

scholarly journals Economic Analysis and Optimization of Micro Grid considering Incentive Oriented Demand Response Programme

2019 ◽  
Vol 8 (4) ◽  
pp. 3716-3721
Keyword(s):  
Demand Response ◽  
Optimization Model ◽  
Return On Investment ◽  
Net Present Value ◽  
Hybrid Optimization ◽  
Present Value ◽  
Levelized Cost ◽  
Cost Of Energy ◽  
Micro Grid ◽  
Hybrid Optimization Model

In this paper, Economic Analysis and Optimization of Micro Grid (MG) considering Incentive oriented Demand Response Programme (DRP) is proposed. To minimize levelized cost of energy, net present value and to maximize return on investment, incentive oriented Demand Response Programme is implemented using Hybrid optimization model of electric renewables (HOMER). Assessment of this work targets end users having installed net energy meters/smart meters with flat rate. This DRP also encourage end users to reduce their peak load. Simulations are carried by Hybrid optimization model of electric renewables. Results show that MG with incentive oriented DRP can be utilized for optimizing the bidding, utility savings to minimize levelized cost of energy, net present value and maximize Return on Investment(ROI).

scholarly journals Feasibility analysis of clean energy power generation and heating project under BOO mode

2020 ◽  
Vol 194 ◽  
pp. 02022
Author(s):  
Zengqiang Zhang ◽  
Ming Gao ◽  
Gaoshan Fu ◽  
Yelin Xu ◽  
Chaoshan Xin
Keyword(s):  
Power Generation ◽  
Business Model ◽  
Business Models ◽  
Net Present Value ◽  
Operation Mode ◽  
Clean Energy ◽  
Economic Benefits ◽  
Economic Feasibility ◽  
Present Value ◽  
New Business

Clean energy for power generation and heating is an important route for clean energy consumption in the northern regions with abundant wind and solar resources. However, in the promotion of clean heating projects, there are problems such as high investment costs and high pressure from government financial subsidies. Therefore, it is urgent to explore new economically feasible business models suitable for clean energy power generation and heating. This paper first proposes a new business model of clean energy power generation and heating under the BOO operation mode of the PPP business model. Secondly, from the perspective of investment value, the net present value method is used to analyze the economic benefits of the project, and the cash flow of the clean energy power generation and heating project is analyzed. Finally, combined with actual cases in a certain area in Xinjiang, the net present value method is used to analyze the calculation examples, verify the economic feasibility of the proposed business model, and provide guidance for the further promotion of clean energy power generation and heating projects.

scholarly journals Environmental Impact and Levelised Cost of Energy Analysis of Solar Photovoltaic Systems in Selected Asia Pacific Region: A Cradle-to-Grave Approach

2021 ◽  
Vol 13 (1) ◽  
pp. 396
Author(s):  
Norasikin Ahmad Ludin ◽  
Nurfarhana Alyssa Ahmad Affandi ◽  
Kathleen Purvis-Roberts ◽  
Azah Ahmad ◽  
Mohd Adib Ibrahim ◽  
...  
Keyword(s):  
Life Cycle Assessment ◽  
Renewable Energy ◽  
Life Cycle ◽  
Environmental Impact ◽  
Degradation Rate ◽  
Economic Feasibility ◽  
Asia Pacific ◽  
Solar Photovoltaic ◽  
Economic Output ◽  
Cost Of Energy

Sustainability has been greatly impacted by the reality of budgets and available resources as a targeted range of carbon emission reduction greatly increases due to climate change. This study analyses the technical and economic feasibility for three types of solar photovoltaic (PV) renewable energy (RE) systems; (i) solar stand-alone, a non-grid-connected building rooftop-mounted structure, (ii) solar rooftop, a grid-connected building rooftop-mounted structure, (iii) solar farm, a grid-connected land-mounted structure in three tropical climate regions. Technical scientific and economic tools, including life cycle assessment (LCA) and life cycle cost assessment (LCCA) with an integrated framework from a Malaysian case study were applied to similar climatic regions, Thailand, and Indonesia. The short-term, future scaled-up scenario was defined using a proxy technology and estimated data. Environmental locations for this scenario were identified, the environmental impacts were compared, and the techno-economic output were analysed. The scope of this study is cradle-to-grave. Levelised cost of energy (LCOE) was greatly affected due to PV performance degradation rate, especially the critical shading issues for large-scale installations. Despite the land use impact, increased CO2 emissions accumulate over time with regard to energy mix of the country, which requires the need for long-term procurement of both carbon and investment return. With regards to profitably, grid-connected roof-mounted systems achieve the lowest LCOE as compared to other types of installation, ranging from 0.0491 USD/kWh to 0.0605 USD/kWh under a 6% discounted rate. A simple payback (SPB) time between 7–10 years on average depends on annual power generated by the system with estimated energy payback of 0.40–0.55 years for common polycrystalline photovoltaic technology. Thus, maintaining the whole system by ensuring a low degradation rate of 0.2% over a long period of time is essential to generate benefits for both investors and the environment. Emerging technologies are progressing at an exponential rate in order to fill the gap of establishing renewable energy as an attractive business plan. Life cycle assessment is considered an excellent tool to assess the environmental impact of renewable energy.

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