AN ECONOMIC ANALYSIS OF SOLAR ENERGY ALTERNATIVES

Author(s):  
D.A. Huettner ◽  
B.J. Taylor ◽  
C.A. Ingene ◽  
J.F. Horrell
Author(s):  
Mohamed Ashfaaq Riphque ◽  
Hadi Nabipour-Afrouzi ◽  
Chin-Leong Wooi ◽  
SanChuin Liew ◽  
Kamyar Mehranzamir ◽  
...  

2021 ◽  
Vol 5 (3) ◽  
pp. 56-61
Author(s):  
Ahmet Erhan AKAN

The decrease in fossil-based energy sources and increasing environmental problems increase the tendency to renewable energy sources day by day. The potential of renewable energy sources differs according to the region where the energy will be produced. For this reason, it is crucial to conduct a good feasibility study that deals with the selected systems from a technical and economic point of view before making an investment decision on energy conversion systems based on renewable energy sources. In this study, the most suitable equipment and capacities were investigated by examining the techno-economic analysis of a hybrid system created with wind-solar renewable energies for a detached house, which is considered off-grid, in a rural area of Tekirdağ province (40o58.7ı N, 27o30.7ı E). Investigations were carried out using the HOMER Pro (Hybrid Optimization Model for Electric Renewable) program. The wind and solar energy potential of Tekirdağ province were obtained from the NASA renewable energy resources database added to the HOMER Pro program. The daily electricity requirement of the sample house was chosen as 11.27 kWh, and the current peak electrical load was chosen as 2.39 kW. A wind turbine is connected to the AC busbars, solar collectors and battery group connected to the DC busbars, and a converter that converts energy between AC and DC busbars in the energy conversion system. In order to determine the optimum capacities of the system elements, 27486 different simulations were performed by HOMER Pro. The selection of the most suitable system among these was determined according to the lowest net present cost (NPC) value. In addition, the energy production capacities that will occur in the case of different wind speeds were also investigated. Accordingly, the system to be installed with a solar panel with a capacity of 6.25 kW, PV-MPPT with a capacity of 1 kW, 2 wind turbines with a capacity of 1 kW, 8 Lithium-ion batteries with a capacity of 6V-167 Ah, and a converter with a capacity of 2.5 kW has been determined will generate electrical energy of 5433 kWh per year. In addition, it has been determined that 61.8% of this produced energy will be obtained from solar energy and 38.2% from wind energy, and the simple payback period of the investment will be 14 years. It is thought that this study will provide valuable information to researchers and investors.


2019 ◽  
Vol 125 ◽  
pp. 10003 ◽  
Author(s):  
Jaka Windarta ◽  
Ardhito Pratama ◽  
Denis ◽  
Agung Nugroho

Indonesia is a country that is geographically located right in the equator and variously advantage and the wide for the use of solar energy. Indonesia has a relatively high radiation level, which is 4.80 kWh / m2 / day. Cemara Island is a tourist place but does not have electricity from PLN because access to its location is still difficult to reach. So from that chosen the planning system for the use of electrical energy using solar energy. However, economic analysis is needed so that the estimated weaknesses of the off-grid solar system can be estimated so as to reduce the risk of losses. The testing of each component in the Solar Power Plant system also needs to be done to determine the condition and quality of the components to be used. The economic analysis of the Cemara Island Solar Power Plant System with an initial investment of Rp 52,553,000, in scenario 1 uses interest at 6%, then in scenario 2 without using interest. Through calculations by looking for the value of COE (Energy Cost), NPC (Net Present Cost) and BEP (Break-Even Point), so that costs can be calculated by the manager with the number of 11 managers per month.


2012 ◽  
Vol 479-481 ◽  
pp. 578-585
Author(s):  
Juan Zhao ◽  
Jun Lu ◽  
Peng Chen ◽  
Ya Qin Zhang ◽  
Liao Liao

the experiments set up a roof model with a solar energy heat storage ventilation. According to the actual demands of experiments, through an economic analysis it results the preliminary investment of the solar energy storage ventilationthe system is between 307~367Yuan/m2 by calculating a energy balance in some way and choosing some type of heat storage phase change materials with a suitable quantity to fit for the model.


Sign in / Sign up

Export Citation Format

Share Document