Techno-economic assessment of a grid connected photovoltaic system for the University of Jordan

Ayadi, Osama; Al-Assad, Rami; Asfar, Jamil Al

doi:10.1016/j.scs.2018.02.011

Cited by 56 publications

(14 citation statements)

References 2 publications

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“…For such an investment, the payback period is 3.5 years [106]. An equally short return period-3 years-was recorded in the case of a photovoltaic installation mounted on the roof of a university in Jordan, which is composed of tracking modules with the total power exceeding 15,000 kWp [107].…”

Section: Resultsmentioning

confidence: 99%

Macroeconomic Efficiency of Photovoltaic Energy Production in Polish Farms

2021

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The public’s awareness of threats to the natural environment, as well as the hazard to human lives and health posed by the use of fossil fuels to generate energy has resulted in the growing interest in renewable energy sources, thus promoting attempts to reduce the dependency on conventional energy sources. Among the former, solar energy is one of the most promising. The aim of this study is to assess the macroeconomic efficiency of investments in photovoltaic installations to meet the demand for electricity of farms and agricultural production. Calculations were prepared for 48 variants comprising three farm types (dairy farms, field cropping farms, and mixed production farms), as well as 16 locations throughout Poland. The obtained results indicate high efficiency of electricity production using photovoltaic installations to cover the needs of farms in Poland. In macroeconomic accounting, NPV ranges from EUR 8200 to almost EUR 23,000, with the payback period depending on the farm type ranging from 4.3 up to 6 years, while the internal rate of return amounts to 21–32%. Increasing the scope of investments in photovoltaics (PV) to cover the electricity demand not only of the household, but also of the agricultural production leads to improved economic efficiency of energy production both in the macro- and microeconomic terms.

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Section: Resultsmentioning

confidence: 99%

Macroeconomic Efficiency of Photovoltaic Energy Production in Polish Farms

2021

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“…A system connected to the grid has the additional benefit of exporting the surplus electricity to the grid. In work by Ayadi et al [72], the cost of the PV system depends on the agreed energy transfer period and the electricity tariff that will be charged to the end user. For Lee et al [86], the higher the average retail price of electricity, the more remarkable the economic value of electricity generated by the PV system.…”

Section: Political Factors Energy Tariffmentioning

confidence: 99%

Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments

et al. 2020

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The introduction of environmental impact targets around the world has highlighted the need to adopt alternative sources of energy, which can supply the demand and mitigate the damage caused to the environment. Solar energy is one of the main sources of alternative energy, and is considered an abundant source of clean energy. However, to facilitate and encourage investors interested in the installation of photovoltaic energy systems for electricity production, it is essential to evaluate the factors that impact the economic viability of the projects. Therefore, the objective of this research is to present a systematic analytical framework, in order to identify and analyze the main factors that impact the financial feasibility of projects for the installation of photovoltaic energy plants. For this purpose, a systematic literature review was carried out, analyzing the main studies related to the topic and identifying the main factors that may financially affect investments in photovoltaic energy systems. From this review, 29 influencing factors were identified and separated into five categories, namely, location, economic, political, climatic and environmental, and technical factors. The main factors highlighted are the investment cost, power generation, operation and maintenance costs, solar radiation, lifetime, energy tariff, efficiency, electricity consumption, and interest and taxes. The results may assist policy makers, investors, researchers, and other stakeholders to identify the key factors that are being examined in the literature, and to evaluate which ones should be considered in their study to ensure the sustainable development of power generation through the solar source.

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“…They concluded that battery storage with solar PV is not a feasible option. Ayadi et al [13] carried out a feasibility study for the deployment of a utility-scale grid-connected PV system in Jordan to meet the 26.03 GWh power demand. Between Both Build Operate Transfer (BOT) and the Engineering Procurement Construction (EPC) scenarios, EPC seemed to be economically viable with a 32% internal rate of return (IRR) and three years of payback period.…”

Section: State-of-the-art Reviewmentioning

confidence: 99%

Techno-Economic-Environmental Impact of Derating Factors on the Optimally Tilted PV System

Masrur¹

2020

Preprint

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Solar-powered photovoltaic (PV) system encounters a signiﬁcant amount of losses due to different derating factors of PV modules throughout its lifespan. Thus, proper investigation is much needed to grasp the technical and economic impact of derating factors on the solar PV system, specially the one which is connected to the utility grid. This study performs a comprehensive discussion on various PV loss parameters followed by a techno-economic-environmental assessment of combined derating factor on an grid-connected and optimally tilted PV system located at Hatiya, Bangladesh using HOMER (Hybrid Optimization Model for Multiple Energy Resources) software. Some criteria linked with derating factor such as PV degradation and ambient temperature are further explored to analyze their impact on the aforementioned power system. Simulation results show that the system provides the best technical performance concerning annual PV production, power trade with grid, and renewable fraction with less emissions at a higher value of derating factor since it represents the lower impact of loss parameters. Similarly, ﬁnancial performance in terms of net present cost (NPC), levelized cost of energy (LCOE), and grid power exchange cost is found lower when derating factor value is higher.

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Techno-economic assessment of a grid connected photovoltaic system for the University of Jordan

Cited by 56 publications

References 2 publications

Macroeconomic Efficiency of Photovoltaic Energy Production in Polish Farms

Macroeconomic Efficiency of Photovoltaic Energy Production in Polish Farms

Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments

Techno-Economic-Environmental Impact of Derating Factors on the Optimally Tilted PV System

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