Techno-Economic Analysis of Tracker Based Rooftop PV System Installation Under Tropical Climate

Abstract As the exhaust rate of the conventional sources has geared up already, this is compelling the power industries to install the power plants based on the non-conventional sources so that future demand of the energy supply can be fulfilled. Among the various sources of renewable energy like wind, hydro, tidal etc., solar energy is the most easily accessible and available renewable energy source. Ensuring the feasibility of any energy source not only technical but also the economical perspective is the most important criteria. This paper has incorporated both the perspective and has done the techno-economic analysis to determine the optimum combination of the PV array size and battery size to minimize the overall electricity generation per unit. In this paper, a standalone solar PV system has been analyzed for the location of Jamshedpur, where an effort has been done to choose the optimum combination of the solar array and battery size within the desired range of LLP so that the electricity generation cost per unit can be minimized. The overall duration of the analysis has been done for a year and the outcome of the research has been verified with the help of MATLAB software.

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Business Development and Environmental Impact in the Solar (PV) Field

Business Models for Renewable Energy Initiatives - Advances in Business Strategy and Competitive Advantage ◽

10.4018/978-1-5225-2688-9.ch002 ◽

2017 ◽

pp. 44-84

Keyword(s):

Economic Analysis ◽

Financial Incentives ◽

Investment Decision ◽

Business Environment ◽

Business Development ◽

Point Of View ◽

Pv System ◽

Investment Projects ◽

Electricity Cost ◽

The Cost

The techno-economic analysis of a PV system is designed to measure the viability of the designed system from an economical and technological point of view assuming some specific environmental conditions. In this research, for the techno-economic analysis of PV system the authors are focused on four general categories of factors which are highly influential on the investment decision in this field. These are the PV system costs, the electricity cost, the sunlight and other environmental characteristics and the financial incentives. Each of this factors is analyzed in order to understand and evaluate the general conditions that influence the decision in the photovoltaic business. The methodology that is used for explaining the real business environment in PV field and the main indicators that can estimate the investment profitability is the case study related to formal opportunities for developing PV investment projects in Romania. The investors in PV field have to understand the life cycle of a PV system that can give an overlook of the cost reduction opportunities and also make them sensible to the decommissioning phase of such an investment. For future investments in the PV field in Europe the authors identified and analyzed the main factors that characterize the PV business development in the next period.

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