Solar photovoltaic systems: the economics of a renewable energy resource

Lesourd, Jean‐Baptiste

doi:10.1016/s1364-8152(00)00078-5

Cited by 51 publications

(15 citation statements)

References 3 publications

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“…RETs always have higher initial costs and lower future costs (operating, maintenance, repair, or replacement costs); under these assumptions, it seems suitable to use in an economic analysis of renewable energy and an energy efficiency scheme. [1,8,10,11,14,15].…”

Section: Variants Of Economic Model For Retsmentioning

confidence: 99%

Cost-benefit risk of renewable energy

Hsu

2010

WIT Transactions on Ecology and the Environment

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State-of-the-art economic analyses of renewable energy technologies (RETs) include using portfolio theory in renewable energy policy planning and using Monte-Carlo simulation to attain the risk profile of the technologies. Most economic analyses now co-list the risk index and GWP index as results of research/policy planning reports. After examining the variants of economic models for RETs, the risk dimensions of traditional energies and RETs were compared. The asymmetry risks allocated between traditional energy and RETs were shown. Combining these asymmetry risk allocations, a project-based RETs financial feasibility model which simultaneously integrates cost and risk information with respect to renewable and traditional energy technologies, was developed. Results of the analysis showed that the risk premium of traditional energies should include the effects of the escalation and volatility of fuel prices. On a national/regional level, the subsidy of fossil fuels for traditional energy production, which is embedded in the economic development policy, should be recovered and the degree to which investment of RETs improved the efficiency of cost-risk portfolio should be measured. On a project-based level, the effect of fuel price escalation and the saving of cost of risk-mitigation should be included.

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Section: Variants Of Economic Model For Retsmentioning

confidence: 99%

Cost-benefit risk of renewable energy

Hsu

2010

WIT Transactions on Ecology and the Environment

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“…Considering the cost down trend of PVs and PV industry developed recently in the Island, the data used now represents the developing technologies of PVs rapidly becomes obsolete. The effects of cost trend have been analyzed in many papers [1][2][3][4][5].…”

Section: Sensitivity Analysismentioning

confidence: 99%

“…It was recently suggested [1][2][3] that building Integrated Photovoltaic (BIPV) systems consisting of integrated photovoltaic modules into the building envelope could be a cost-effective means of abating CO 2 emissions. There has been a dramatic down turn in costs [1,4,5], for example, in the 1970s PV modules cost in the region of £15,000/kWp, but in the 1990s costs were down to less than £3,000/kWp [4].…”

Section: Introductionmentioning

confidence: 99%

A projection of BIPV systems in Taiwan: costs versus benefits

Hsu

2008

WIT Transactions on Ecology and the Environment

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Because Photovoltaic system tends to save the energy expenditure across the life span of the systems, this paper uses life cycle costing (LCC), saving-toinvestment ratio (SIR), and discounted payback period (DPP) methods to construct the renewable energy evaluation framework in Taiwan. The benefits of PVs mainly derive from energy cost savings, enhanced power quality and reliability, reduced environmental emissions, rebates, and other incentives. Based on the field data of PV-projects located at Taiwan, the paper identifies the technical and economic parameters of the systems evaluation model. The empirical case showed that the saving-to-investment ratio of the BIPV systems with/without government subsidy is not currently feasible in Taiwan. After examining critical factors of the PVs-project, the sensitivity analysis of the future PVs-project was shown. Based on the empirical residential case with a reasonable PR value, the results of sensibility analysis showed that BIPV will become one of the dominant renewable energies in the near future if good, integrated building design is available.

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“…Some literature is available for estimating field performance of standalone PV array system [18][19][20][21][22][23][24]. Also some power efficiency models [25][26][27][28][29] can predict the average performance of a PV system under variable climatic conditions.…”

Section: Introductionmentioning

confidence: 99%

“…Most of the above-mentioned models require either detailed data [26,[30][31][32][33][34][35][36][37] and are complicated to use [35,36] or restricted in economic performance evaluation [17][18][19][20][21]41]. These limitations of the mentioned literature are barrier in easy manipulation of the system performance.…”

Section: Introductionmentioning

confidence: 99%

Mathematical method to find best suited PV technology for different climatic zones of India

Chakraborty

Kumar

Haldkar

et al. 2017

Int J Energy Environ Eng

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This paper presents a reliable mathematical method to predict the energy generation from grid connected photovoltaic plant of different commercially used technologies in different zones of India. Global horizontal insolation (GHI) and daytime temperature are the two major parameters affecting the output of photovoltaic (PV) plant. Depending on those two major parameters, India is classified into 15 climatic zones. Typical Meteorological Year data were collected from National Renewable Energy Laboratory to classify India in different climatic zones. Energy generation of different commercially used PV technologies in different climatic zones of India is predicted using proposed mathematical method. These results show a decisive study to choose the best PV technology for different climatic zones of India. Results predict that in almost all climatic zones, amorphous silicon (a-Si) is the best suitable PV technology. In very low-temperature zones, irrespective of GHI, the second best suitable PV technology is mono and cadmium telluride (CdTe) as generation from these two technologies is same. Whereas in other climatic zones, after a-Si the best suitable is CdTe PV technology. Predicted energy generation is validated with the 1-year generation of 2014 from 15 working PV plants of different technologies. Predicted generation is in good co-relation with the actual real-time generation from the PV plants.

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Solar photovoltaic systems: the economics of a renewable energy resource

Cited by 51 publications

References 3 publications

Cost-benefit risk of renewable energy

Cost-benefit risk of renewable energy

A projection of BIPV systems in Taiwan: costs versus benefits

Mathematical method to find best suited PV technology for different climatic zones of India

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