scholarly journals QUANTIFYING THE UNCERTAINTY OF SOLAR PHOTOVOLTAIC SOFT COSTS IN THE “COST OF RENEWABLE ENERGY SPREADSHEET TOOL” (CREST) MODEL

2020 ◽  
Vol 1 ◽  
pp. 2157-2166
Author(s):  
S. M. Syal ◽  
E. F. MacDonald
Keyword(s):  
Renewable Energy ◽  
Development Process ◽  
Solar Photovoltaic ◽  
Financial Barriers ◽  
Solar Photovoltaics ◽  
Cost Of Energy ◽  
Sensitivity Indices ◽  
Project Costs ◽  
The Cost ◽  
Total Project

AbstractWhile solar photovoltaics are projected to grow, major financial barriers exist that impede installation. Soft costs (human-driven costs) can account for over half of total project costs and are often simplified in typical models. We use the National Renewable Energy Laboratory's “Cost of Renewable Energy Spreadsheet Tool” to quantify uncertainty of three soft cost inputs and their influence on the output cost of energy using variance-based sensitivity indices. We then suggest how the development process and model can be redesigned to represent the complexities of this socio-technical system.

scholarly journals Environmental Impact and Levelised Cost of Energy Analysis of Solar Photovoltaic Systems in Selected Asia Pacific Region: A Cradle-to-Grave Approach

2021 ◽  
Vol 13 (1) ◽  
pp. 396
Author(s):  
Norasikin Ahmad Ludin ◽  
Nurfarhana Alyssa Ahmad Affandi ◽  
Kathleen Purvis-Roberts ◽  
Azah Ahmad ◽  
Mohd Adib Ibrahim ◽  
...  
Keyword(s):  
Life Cycle Assessment ◽  
Renewable Energy ◽  
Life Cycle ◽  
Environmental Impact ◽  
Degradation Rate ◽  
Economic Feasibility ◽  
Asia Pacific ◽  
Solar Photovoltaic ◽  
Economic Output ◽  
Cost Of Energy

Sustainability has been greatly impacted by the reality of budgets and available resources as a targeted range of carbon emission reduction greatly increases due to climate change. This study analyses the technical and economic feasibility for three types of solar photovoltaic (PV) renewable energy (RE) systems; (i) solar stand-alone, a non-grid-connected building rooftop-mounted structure, (ii) solar rooftop, a grid-connected building rooftop-mounted structure, (iii) solar farm, a grid-connected land-mounted structure in three tropical climate regions. Technical scientific and economic tools, including life cycle assessment (LCA) and life cycle cost assessment (LCCA) with an integrated framework from a Malaysian case study were applied to similar climatic regions, Thailand, and Indonesia. The short-term, future scaled-up scenario was defined using a proxy technology and estimated data. Environmental locations for this scenario were identified, the environmental impacts were compared, and the techno-economic output were analysed. The scope of this study is cradle-to-grave. Levelised cost of energy (LCOE) was greatly affected due to PV performance degradation rate, especially the critical shading issues for large-scale installations. Despite the land use impact, increased CO2 emissions accumulate over time with regard to energy mix of the country, which requires the need for long-term procurement of both carbon and investment return. With regards to profitably, grid-connected roof-mounted systems achieve the lowest LCOE as compared to other types of installation, ranging from 0.0491 USD/kWh to 0.0605 USD/kWh under a 6% discounted rate. A simple payback (SPB) time between 7–10 years on average depends on annual power generated by the system with estimated energy payback of 0.40–0.55 years for common polycrystalline photovoltaic technology. Thus, maintaining the whole system by ensuring a low degradation rate of 0.2% over a long period of time is essential to generate benefits for both investors and the environment. Emerging technologies are progressing at an exponential rate in order to fill the gap of establishing renewable energy as an attractive business plan. Life cycle assessment is considered an excellent tool to assess the environmental impact of renewable energy.

Cost of renewable energy will fall further globally

2016 ◽  
Keyword(s):  
Renewable Energy ◽  
Fossil Fuel ◽  
Slow Growth ◽  
Energy Costs ◽  
Solar Photovoltaic ◽  
Content Type ◽  
Energy Growth ◽  
Photovoltaic Power ◽  
Cost Of Energy ◽  
First Choice

Subject Declining costs of renewable energy. Significance Recent auctions and 'levelised cost of energy' (LCOE) studies show that the costs of wind and solar photovoltaic power are now competitive with fossil-fuel power generation in an increasing number of scenarios. Impacts Competitive renewable energy costs will encourage governments to adopt renewables as first-choice technologies. While positive for emissions, higher renewables adoption will slow growth in international fossil fuel trade to the detriment of exporters. Variable renewable energy growth will increase demand for system-balancing technologies, such as interconnectors and electricity storage.

scholarly journals Renewable Energy for Long-Term Growth and Development: Bangladesh Perspective

2021 ◽  
Author(s):  
Taskin Jamal ◽  
Prof Christopher J. Fogwill ◽  
Ashraf Hossain Bhuiyan
Keyword(s):  
Renewable Energy ◽  
Growth And Development ◽  
Electricity Generation ◽  
Energy Systems ◽  
Influential Factor ◽  
Renewable Energy Systems ◽  
Cost Of Energy ◽  
Energy Projects ◽  
The Cost

Abstract Beneficiaries prefer renewable energy-based systems over grid-connected electricity. The cost of energy is viewed as the most influential factor while choosing renewable energy systems. Beneficiaries chose to stay linked with renewa­ble energy systems even when they received grid-connected electricity at a lower tariff.Net-metering and feed-in tariff mechanisms, as well as tax cuts and subsidies for renewable energy projects, could be the catalyst for fostering greater uptake of renewables in the electricity generation mix.

scholarly journals A Cost Model for PV Based Renewable Energy Projects

2021 ◽  
pp. 10-23
Author(s):  
M. A. El-Bayoumi ◽  
Marwa M. Ibrahim
Keyword(s):  
Renewable Energy ◽  
Success Factors ◽  
Cost Model ◽  
Energy System ◽  
Grid Systems ◽  
Renewable Energy System ◽  
Cost Of Energy ◽  
Photo Voltaic ◽  
Risk Cost ◽  
The Cost

The energy from renewable sources had always been perceived as free or at least lower-cost energy, with its sourcing from natural sources such as solar radiation and wind energy. In actual the cost breakdown of renewable energy would exceed that of traditional energy sources in almost all cases. This study attempts to produce a cost model for renewable energy systems. The model takes into account different requirements and site variations into account. In this paper, elements of the cost model Renewable Energy System (RES) especially, photo-voltaic solar systems, have been investigated. Cost items are presented alongside a to-do checklist for the new Photo-Voltaic (PV) solar energy system. The goal of this study is to construct a model that would cover the cost sources as well as bring to attention the unexpected sources of cost variations that include all possible cost items of a new solar renewable energy system. The feasibility of the new system is expressed in terms of Total Cost (T.C) and Cost of Energy (COE). The model can evaluate the feasibility of off-grid as well as on-grid systems. The model investigated properly as well as an empirical analysis and verified through results comparison with reviewed case studies. The results revealed that the cost of off-grid systems is higher than the cost of on-grid systems due to the cost of batteries as well as the cost of standby generators. So, it would be more feasible to use an off-grid system only in remote or isolated areas. Risk Cost lists, ranking and success factors of new renewable projects are exhibited.

scholarly journals A Mathematical Model for the Optimization of Renewable Energy Systems

Mathematics ◽  
2020 ◽  
Vol 9 (1) ◽  
pp. 39
Author(s):  
Mariam Gómez Sánchez ◽  
Yunesky Masip Macia ◽  
Alejandro Fernández Gil ◽  
Carlos Castro ◽  
Suleivys M. Nuñez González ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Mathematical Optimization ◽  
Fundamental Aspect ◽  
Economic Costs ◽  
Renewable Energy Systems ◽  
The Sustainable Development ◽  
Cost Of Energy ◽  
Mathematical Optimization Model ◽  
The Cost

The generation of energy from renewable sources is a fundamental aspect for the sustainable development of society, and several energy sources such as solar, biomass, biogas, and wind must be used to the maximum to meet existing needs. In Chile, there are villages that are off-grid. A real case study is presented in this research. To meet the needs of this village we have proposed a mathematical optimization model using a CPLEX optimizer to generate the necessary energy power while minimizing the cost of energy (COE). In this study, different scenarios have been evaluated with respect to the existing energy availabilities, for example, in different periods of the year, demonstrated in terms of economic costs, the viability of resources such as biomass and biogas, and the viability of the energy production of wind power given the associated high costs. Finally, the effect of the use of renewable energy in consideration of CO2 emissions is studied in our research.

scholarly journals Performance and Feasibility Analysis of a Grid Interactive Large Scale Wind/PV Hybrid System based on Smart Grid Methodology Case Study South Part – Jordan

2015 ◽  
Vol 4 (1) ◽  
pp. 39-47 ◽  
Author(s):  
Qais H. Alsafasfeh
Keyword(s):  
Renewable Energy ◽  
Smart Grid ◽  
Hybrid System ◽  
Large Scale ◽  
Energy System ◽  
Renewable Energy Resources ◽  
Efficient System ◽  
Power Sources ◽  
Cost Of Energy ◽  
The Cost

Most recent research on renewable energy resources main one goal to make Jordan less dependent on imported energy with locally developed and produced solar power, this paper discussed the efficient system of Wind/ PV Hybrid System to be than main power sources for south part of Jordan, the proposed hybrid system design based on Smart Grid Methodology,  the solar energy will be installed on top roof of  electricity subscribers across the Governorate of Maan, Tafila, Karak and Aqaba and the wind energy will set in one site by this way the capital cost for project will be reduced also the  simulation result show   the feasibility  is a very competitive and feasible cost . Economics analysis of a proposed renewable energy system was made using HOMER simulation and evaluation was completed with the cost per kilowatt of EDCO company, the net present cost is $2,551,676,416, the cost of energy is 0.07kWhr with a renewable fraction of 86.6 %.

scholarly journals Sector coupling via hydrogen to lower the cost of energy system decarbonization

2021 ◽  
Author(s):  
Guannan He ◽  
Dharik S. Mallapragada ◽  
Abhishek Bose ◽  
Clara F. Heuberger-Austin ◽  
Emre Gençer
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Energy System ◽  
Electric Grid ◽  
Cost Of Energy ◽  
Long Duration ◽  
Storage Resource ◽  
The Cost

There is growing interest in using hydrogen (H2) as a long-duration energy storage resource in a future electric grid dominated by variable renewable energy (VRE) generation. Modelling H2 use exclusively...

scholarly journals Power Scheduling for Renewable Energy Connected to the grid

2018 ◽  
Vol 64 ◽  
pp. 08008 ◽  
Author(s):  
kafazi Ismail El ◽  
Bannari Rachid ◽  
Lassioui Abdellah ◽  
Aboutafail My Othman
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Storage System ◽  
Energy Storage System ◽  
Distributed Energy ◽  
Scheduling Strategy ◽  
Power Scheduling ◽  
Cost Of Energy ◽  
The Cost ◽  
Full Charge

In this work, a scheduling strategy considering an Energy Storage System (ESS) is proposed to manage the distributed energy resources (DERs) optimally in a grid-connected hybrid PV-wind-microgrid. In order to increase the use of the renewable energy sources and ensure a full charge in the battery for the next day. The optimization problem of this study is addressed through a linear mathematical model, to minimize the cost of energy bought from the utility grid and maximize the income for selling electricity generated by hybrid PV-wind. The optimization model is tested by using a simulation of the model. The achieved results confirm the effectiveness of the proposed scheduling strategy.

Does wind speed effects performance and cost of energy? A case study of wind farm

2020 ◽  
Vol 14 (5) ◽  
pp. 953-974
Author(s):  
Zahid Hussain Hulio ◽  
Wei Jiang
Keyword(s):  
Renewable Energy ◽  
Wind Speed ◽  
Wind Farm ◽  
Power Coefficient ◽  
Local Wind ◽  
Content Type ◽  
Wind Speeds ◽  
Cost Of Energy ◽  
Wind Characteristics ◽  
The Cost

Purpose The rapid rising of renewable energy sources particularly wind energy cannot be ignored. The numerical increase in wind energy farms throughout the world is the best example. The purpose of this paper is to assess the basic question of whether wind characteristics affect the performance and cost of energy. The importance of this question cannot be ruled out while comparing renewable energy to a conventional form of energy more specifically especially for the developing country where the cost of energy is very high. Design/methodology/approach The research design of this paper is consists of an assessment of local wind characteristics of the wind farm site using Weibull k and c parameters. The performance model is used to assess the performance of the wind turbine (WT) corresponding to local wind characteristics. The wind correlation with WT in terms of changing wind speed has been assessed to quantify the effects of wind speed on the WT behavior and failure of WT components. Similarly, the power curve of WT is assessed and compared with the International Electrotechnical Commission standards 61400-12-2. The WT power coefficient and tip speed ratio corresponding to wind speed is also investigated. The energy volume and cost of energy lost model is used to determine the cost and volume loss of energy/kWh of the wind farm. Findings The findings of practical wind farms showed that the wind conditions of the site are showing a strong tendency that can be determined from the results of Weibull k and c parameters. The k and c parameters are observed to be 3.44 and 9.16 m/s, respectively, for a period of a year. The standard deviation is observed to be 2.56 for a period of a year. WT shows the efficient behavior can be obtained from the power coefficient and tip speed of WT at different wind speeds. Also, wind farm observation showed that to be some increasing wind speed cause of based WT component failures. The results of energy volume and cost/kWh assessment showed that the major portion of energy volume and cost of energy is lost owing to network, voltage dip and frequency surge, electrical and mechanical components failures. Originality/value Generally, it can be concluded that the WTs are now able to cope with variable wind speeds. However, the results of this paper are showing that WT performance and availability decreased due to increased wind speeds. It can also be a reason to decreased volume and increase the cost of energy/kWh.

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