Techno-economic assessment of a stand-alone PV/hybrid installation for low-cost electrification of a tourist resort in Greece

Bakos, G.C.; Soursos, M.

doi:10.1016/s0306-2619(02)00062-4

Cited by 52 publications

(18 citation statements)

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“…The degree of desired reliability from a solar and wind process so as to meet a particular load can be fulfilled by a combination of properly sized wind turbine, PV panel, storage unit and auxiliary energy. Because the storage unit and auxiliary energy are needed to provide high reliability and avoid gross over-design of the solar and wind system [9,10] we propose in our system the use of battery storage and auxiliary energy.…”

Section: Background and Motivationmentioning

confidence: 99%

“…Therefore, in order to satisfy the load demand, hybrid energy systems are implemented that combine solar and wind energy conversion units with battery storage. A great deal of research [1][2][3][4][5][6][7][8][9][10][11] has been carried out on hybrid energy systems with respect to performance and optimization, and other related parameters of significance.…”

Section: Introductionmentioning

confidence: 99%

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Break-even analysis and size optimization of a PV/wind hybrid energy conversion system with battery storage – A case study

2009

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a b s t r a c tThis paper aims to show an optimum sizing procedure of autonomous PV/wind hybrid energy system with battery storage and a break-even analysis of this system and extension of transmission line. We use net present value (NPV) method for the comparison of autonomous hybrid energy system and extension of transmission line cases. The case study is completed for the satisfaction of the electricity consumption of global system for mobile communication base station (GSM) at Izmir Institute of Technology Campus Area, Urla, Izmir, Turkey. First, we optimize the PV/wind energy system using response surface methodology (RSM) which is a collection of statistical and mathematical methods relying on optimization of response surface with design parameters. As a result of RSM, the optimum PV area, wind turbine rotor swept area, and battery capacity are obtained as 3.95 m 2 , 29.4 m 2 , 31.92 kW h, respectively. These results led to $37,033.9 hybrid energy system cost. Second, break-even analysis is done to be able to decide the optimum distance where the hybrid energy system is more economical than the extension of the transmission line. The result shows that, if the distance between national electricity network and the GSM base station location where the hybrid energy system is assumed to be installed is at a distance more than 4817 m, the installation of hybrid energy system is more economical than the electricity network.

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Section: Background and Motivationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Break-even analysis and size optimization of a PV/wind hybrid energy conversion system with battery storage – A case study

2009

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“…Bakos and Soursos [10] performed a techno-economic assessment of a standalone mono crystalline 6.4 kW p PV system for a tourist resort in Greece. They found that the PBP of this system is 10.2 years, without economic subsidiary.…”

Section: Review Of the Literature For Pv Systems Economymentioning

confidence: 99%

Technical and economical assessment of a multipurpose electric vehicle for farmers

Mousazadeh

Keyhani

Mobli

et al. 2009

Journal of Cleaner Production

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a b s t r a c tThe RAMseS project, under the European Commission's 6th Framework Program, is dedicated to the construction and test of low-power operations based on photovoltaic power and a multipurpose electric vehicle. In the present study, the life-cycle costs and economical indices for the vehicle during its life span were assessed, compared to those of a standard internal combustion engine vehicle (ICEV). The results indicated that the life-cycle costs for the RAMseS vehicle and the ICEV are the same for a fuel unit price of 1.8 V/L. Also, the levelized cost of energy (LCE) for the RAMseS vehicle, was found to be 2.13 V/ kWh, while RAMseS LCE, without EV taken into account, was shown to be 0.62 V/kWh. The RAMseS payback period (PBP) without EV taken into account was calculated to be 9 years if the value of the produced energy becomes at least 0.35 V/kWh. Vehicles that use PV systems as their power source, such as RAMseS, will be economically effective for fuel costs higher than 1.8 V/L, but considering the environmental benefits that are provided in terms of external costs, they can be considered profitable even at lower fuel costs.

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“…Capital costs of $3,000-6,000/kW for solar technology (Bakos and Soursos, 2002;Barley, Meares, and Flowers, 1998) mean it is applicable only in serving small or remote loads. High capital costs, and a lack of local capacity to maintain the systems have also limited the opportunities to expand solar panel use.…”

Section: Solar Photovoltaicsmentioning

confidence: 99%

“…Installation costs are included in the project capital of $40,000, based on a similar project (Bakos and Soursos, 2002;Schmid and Hoffmann, 2003).…”

Section: Generation Equipment and Fuel Cost Assumptionsmentioning

confidence: 99%

An Economic Evaluation of Small-scale Distributed Electricity Generation Technologies

Hansen¹,

Bower²

2003

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All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, o r transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without prior permission of the Oxford Institute for Energy Studies.This publication is sold subject to the condition that it shall not, by way of trade or otherwise, be lent, resold, hired out, or otherwise circulated without the publisher's consent in any form or binding or cover other than that in which it is published and without similar condition including this condition being imposed on the subsequent purchaser.

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Techno-economic assessment of a stand-alone PV/hybrid installation for low-cost electrification of a tourist resort in Greece

Cited by 52 publications

References 1 publication

Break-even analysis and size optimization of a PV/wind hybrid energy conversion system with battery storage – A case study

Break-even analysis and size optimization of a PV/wind hybrid energy conversion system with battery storage – A case study

Technical and economical assessment of a multipurpose electric vehicle for farmers

An Economic Evaluation of Small-scale Distributed Electricity Generation Technologies

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