Financial Analysis of a Grid-connected Photovoltaic System in South Florida

Moradi, Hadis; Abtahi, Amir-Reza; Zilouchian, Ali

doi:10.1109/pvsc.2017.8366524

Cited by 6 publications

(2 citation statements)

References 32 publications

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“…The capital costs of the system's installation are expected to be fully depreciated within a time frame of less than five years [77][78][79]. To this end, it is essential to adopt an AV layout that maximizes energy production, with respect to crop development [80].…”

Section: Discussionmentioning

confidence: 99%

Multidimensional Role of Agrovoltaics in Era of EU Green Deal: Current Status and Analysis of Water–Energy–Food–Land Dependencies

Roxani,

Zisos,

Sakki

et al. 2023

Land

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The European Green Deal has set climate and energy targets for 2030 and the goal of achieving net zero greenhouse gas emissions by 2050, while supporting energy independence and economic growth. Following these goals, and as expected, the transition to “green” renewable energy is growing and will be intensified, in the near future. One of the main pillars of this transition, particularly for Mediterranean countries, is solar photovoltaic (PV) power. However, this is the least land-efficient energy source, while it is also highly competitive in food production, since solar parks are often developed in former agricultural areas, thus resulting in the systematic reduction in arable lands. Therefore, in the context of PV energy planning, the protection and preservation of arable lands should be considered a key issue. The emerging technology of agrovoltaics offers a balanced solution for both agricultural and renewable energy development. The sustainable “symbiosis” of food and energy under common lands also supports the specific objective of the post-2020 Common Agricultural Policy, regarding the mitigation of and adaptation to the changing climate, as well as the highly uncertain socio-economic and geopolitical environment. The purpose of this study is twofold, i.e., (a) to identify the state of play of the technologies and energy efficiency measures of agrovoltaics, and (b) to present a comprehensive analysis of their interactions with the water–energy–food–land nexus. As a proof of concept, we consider the plain of Arta, which is a typical agricultural area of Greece, where we employ a parametric analysis to assess key features of agrovoltaic development with respect to energy vs. food production, as well as water saving, as result of reduced evapotranspiration.

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Section: Discussionmentioning

confidence: 99%

Multidimensional Role of Agrovoltaics in Era of EU Green Deal: Current Status and Analysis of Water–Energy–Food–Land Dependencies

Roxani,

Zisos,

Sakki

et al. 2023

Land

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“…Edalati et al [10] looked at the experimental performance of two regular monosilicon and polysilicon (m-Si and p-Si) photovoltaic module technologies. Other previous studies on the performance parameters of installed photovoltaic systems in various locations and with distinct climatic conditions [11][12][13][14] alongside research work on solar thermal, solar photovoltaic, solar radiation, and financial analysis of a grid-connected photovoltaic system modeling have been carried out by various researches [15][16][17]. The Zambian solar PV system was modeled using the System Advisor Model (SAM).…”

Section: Introductionmentioning

confidence: 99%

A Solar Photovoltaic Performance and Financial Modeling Solution for Grid-Connected Homes in Zambia

Imasiku¹

2021

International Journal of Photoenergy

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Zambia is today 90% hydropower dependent, but this may change because Zambia and the World at large are today facing a changing climate that affects the ecosystem, rain patterns, and spurs drought which reduces the production of hydropower. The current power deficit experienced in Zambia points to a need to deploy a renewable energy generation-mix strategy. This study conducts a solar photovoltaic performance and financial analysis for grid-connected homes in Zambia to investigate the role of solar energy as an enabler for energy security in Zambia using the National Renewable Energy Laboratory (NREL) System Advisor Model (SAM) simulation method. It further reviews the available solar irradiance, modeling a detailed grid-connected photovoltaic system using locally available products for a single owner in a power purchase agreement (PPA) with the Zambia Electricity Company Limited (ZESCO). This model would alleviate the current power load shedding experienced by the residential sector, of up to 22 hours of no electricity out of 24 hours in a day. Alongside the technical performance model and an unfavorable business climate in Zambia, a financial model is also developed to help assess project feasibility and financial viability. A 1 kW solar PV system was modeled at an installation cost of US$1.27 per watt on a short-term basis of 5 years and found that the project is feasible with a 28.52% IRR achieved in 3 years and a 69% performance ratio and a debt service coverage ratio (DSCR) of 5.12 by the end of the project life, thereby indicating capability to turn around Zambia’s energy poverty to meet the UN SDG 7.

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DC-Link Voltage Adaptation by Using the Fuzzy Controllers for Grid-Connected Photovoltaic Inverters

Abadlia¹,

Hassaine²,

Abdoune³

et al. 2021

Lecture Notes in Networks and Systems

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Financial Analysis of a Grid-connected Photovoltaic System in South Florida

Cited by 6 publications

References 32 publications

Multidimensional Role of Agrovoltaics in Era of EU Green Deal: Current Status and Analysis of Water–Energy–Food–Land Dependencies

Multidimensional Role of Agrovoltaics in Era of EU Green Deal: Current Status and Analysis of Water–Energy–Food–Land Dependencies

A Solar Photovoltaic Performance and Financial Modeling Solution for Grid-Connected Homes in Zambia

DC-Link Voltage Adaptation by Using the Fuzzy Controllers for Grid-Connected Photovoltaic Inverters

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