2012
DOI: 10.1016/j.rser.2012.03.068
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Relative life cycle economic analysis of stand-alone solar PV and fossil fuel powered systems in Bangladesh with regard to load demand and market controlling factors

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Cited by 39 publications
(11 citation statements)
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“…The impact of fluctuation in solar irradiance, wind speed, and diesel price on the design was investigated using sensitivity analysis. In a similar study, authors in [53] designed a microgrid in a remote community in Bangladesh. It was made of solar PV and diesel generators.…”
Section: Related Workmentioning
confidence: 99%
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“…The impact of fluctuation in solar irradiance, wind speed, and diesel price on the design was investigated using sensitivity analysis. In a similar study, authors in [53] designed a microgrid in a remote community in Bangladesh. It was made of solar PV and diesel generators.…”
Section: Related Workmentioning
confidence: 99%
“…All the reviewed studies in this section focused their studies on the feasibility of microgrid for rural electrification, without investigating the impact of policy and technology parameters on the microgrid investment. Even though some studies perform sensitivity analysis [50][51][52][53][54], they do not perform scenario analysis to investigate the effect on the optimal design. It is one of the objectives of this study to narrow this gap in the literature.…”
Section: Related Workmentioning
confidence: 99%
“…The equation for calculating the PV array size is shown in Equation (2) [102]. The size of the PV array is classified into three categories: below 1 kW, which requires a cheap MPPT; medium (1 KW to 1 MW) for the average cost techniques; and large (exceeds 1 MW), which is the most expensive [100].…”
Section: Photovoltaic Array Sizementioning
confidence: 99%
“…The most valuable statistical evaluation tool for the economic behaviour of energy systems is life cycle cost (LC C ) analysis. In renewable energy systems, it covers all system life stages; capital cost and initialization stage, operation & maintenance stage and the replacement stage [21]. The initial capital cost of any system is the cost required for purchasing all system components; this includes PV arrays, storage system, charge controller, inverter and installation (including wiring and other auxiliaries).…”
Section: Economic Analysismentioning
confidence: 99%