Creation of Financial and Environmental Values With Solar Photovoltaic Projects While Managing Risks

2020 ◽  
Vol 9 (2) ◽  
pp. 13-26
Author(s):  
Shantha Indrajith Hikkaduwa Liyanage ◽  
Fulufhelo Godfrey Netswera ◽  
Shivajyoti Pal ◽  
Isaac Nthomola
Keyword(s):  
Solar Energy ◽  
Net Present Value ◽  
Economic Value ◽  
Value Added ◽  
Photovoltaic System ◽  
Energy Market ◽  
Solar Photovoltaic ◽  
Low Carbon ◽  
Solar Photovoltaic System ◽  
The University

This study investigates 200 kWp roof-mounted solar photovoltaic system in a country where there is no legal, policy, and institutional framework to de-risk the solar energy market but present naturally conducive environment in the sun-drenched semi-arid country. The analysis of quantitative and qualitative data subject to interpretivist and positivist approaches paves the way to find out that the university, though created financial and environments values, has not addressed the risk associated with illiquid capital intensive investment and conventional financial metrics such as net present value, internal rate of return. Hence, it is recommended to manage the risk with four strategies including maintaining economic value added at 5% or more, leveraging the investment, and withdrawing a part of equity for reinvesting in diversified investment. The findings are significant for low carbon investors to identify opportunities and manage the risk in solar energy market. Energy engineers enable designing a system that meets the fundamentals of the business and environmental value.

Creation of Financial and Environmental Values With Solar Photovoltaic Projects While Managing Risks

2021 ◽  
pp. 753-768
Author(s):  
Shantha Indrajith Hikkaduwa Liyanage ◽  
Fulufhelo Godfrey Netswera ◽  
Shivajyoti Pal ◽  
Isaac Nthomola
Keyword(s):  
Solar Energy ◽  
Net Present Value ◽  
Economic Value ◽  
Value Added ◽  
Photovoltaic System ◽  
Energy Market ◽  
Solar Photovoltaic ◽  
Low Carbon ◽  
Solar Photovoltaic System ◽  
The University

This study investigates 200 kWp roof-mounted solar photovoltaic system in a country where there is no legal, policy, and institutional framework to de-risk the solar energy market but present naturally conducive environment in the sun-drenched semi-arid country. The analysis of quantitative and qualitative data subject to interpretivist and positivist approaches paves the way to find out that the university, though created financial and environments values, has not addressed the risk associated with illiquid capital intensive investment and conventional financial metrics such as net present value, internal rate of return. Hence, it is recommended to manage the risk with four strategies including maintaining economic value added at 5% or more, leveraging the investment, and withdrawing a part of equity for reinvesting in diversified investment. The findings are significant for low carbon investors to identify opportunities and manage the risk in solar energy market. Energy engineers enable designing a system that meets the fundamentals of the business and environmental value.

scholarly journals Performance Assessment of Motorized Solar Photovoltaic Louvers System Using PVSYST Software

2021 ◽  
Vol 3 (2) ◽  
Author(s):  
Hussein Safwat Hasan ◽  
Humor Hwang
Keyword(s):  
Solar Energy ◽  
Weather Conditions ◽  
Photovoltaic System ◽  
Solar Photovoltaic ◽  
Market Penetration ◽  
Simulation Tools ◽  
Building Facades ◽  
Internal Network ◽  
Potential Benefits ◽  
Solar Photovoltaic System

In the realm of technological market penetration of solar photovoltaiclouvers (PVL) addressing environmental difficulties and the industrialrevolution, a new avenue of renewable energy is introduced. Moreover,solar energy exploitation through building façades was addressedthrough motorized solar photovoltaic louvers (MPVL). On the otherhand, proponents exalted the benefits of MPVL overlooking the typicalanalyses. In this communication, we attempted to perform a thoroughindustrial system evaluation of the MPVL. This communication presentsa methodology to validate the industrial claims about MPVL devices andtheir economic efficiency and the insight on how geographical locationinfluences their utilization and augment their potential benefits. This taskis carried out by evaluating the extent of solar energy that can be harvestedusing solar photovoltaic system (PVSYST) software and investigatingwhether existing product claims are associated with MPVL are feasible indifferent locations. The performance and operational losses (temperature,internal network, power electronics) were evaluated. To design and assessthe performance of different configurations based on the geographicalanalogy, simulation tools were successfully carried out based on differenttopographical locations. Based on these findings, various factors affect theemployment of MPVL such as geographical and weather conditions, solarirradiation, and installation efficiency. tt is assumed that we successfullyshed light and provided insights into the complexity associated withMPVL.

scholarly journals Solar Photovoltaic System in India: Challenges and Barriers

2021 ◽  
Vol 9 (VI) ◽  
pp. 1060-1063
Author(s):  
Pushpendra Arya
Keyword(s):  
Renewable Energy ◽  
Solar Energy ◽  
Energy Systems ◽  
Clean Energy ◽  
Photovoltaic System ◽  
Energy Sources ◽  
Solar Photovoltaic ◽  
Indian Government ◽  
Solar Photovoltaic System ◽  
Main Component

In today’s world we are going towards the major share of renewable energy to reduce the effect Green House Gases (GHG) in the atmosphere. The limitation of energy sources which produces clean energy, the rise in the pollution in the environment, and programs initiated by the Indian Government have encouraged lots of open field researches on Solar Photovoltaic Systems or Solar Energy Systems. As producing the clean and renewable energy is main component of energy sector, solar photovoltaic could be considered as an alternative in various regions. Although Solar Photovoltaic does have different advantages and can be used for various purposes, but also there are several challenges for it. This paper took a whole overview of the advantages and uses of Solar Photovoltaic and barriers in their adaptation/opportunities.

scholarly journals Design, Model & Planning of Prosumer Microgrid for MNS UET Multan Campus

2021 ◽  
Author(s):  
Haseeb Javed
Keyword(s):  
Conceptual Design ◽  
Financial Analysis ◽  
Electrical Power ◽  
Photovoltaic System ◽  
Solar Photovoltaic ◽  
University Campus ◽  
Solar Pv ◽  
Proposed Model ◽  
Solar Photovoltaic System ◽  
The University

The goal of this study is to provide a model and conceptual design for a prosumer campus microgrid that will help the university campus economically. The proposed model is based on solar PV installation at department rooftop for the campus of Muhammad Nawaz Sharif University of Engineering and Technology's in Multan, Pakistan. This study indicates that a 3,196-kW grid-connected solar photovoltaic system may generate enough electrical power to meet consumption, reducing grid reliance and minimizing energy from grid supply. This study also includes an economical and financial analysis of the proposed system based on various assumptions. PVSol Software was used to conduct a solar potential study and design of the site. Our study and analysis revealed that our suggested PV model can create 3,196.53 kWh of PV energy (DC), which is about 81.6 percent of the yearly consumption of our chosen site of 3,784.56 kWh.

scholarly journals Design of Off-Grid Solar Photovoltaic and Energy Storage System for Slow Pyrolysis Reactor

2021 ◽  
Vol 9 (9) ◽  
pp. 1707-1727
Author(s):  
Karan Bhatia
Keyword(s):  
Solar Energy ◽  
Lithium Ion Batteries ◽  
Lithium Ion ◽  
Chemical Conversion ◽  
Photovoltaic System ◽  
Solar Photovoltaic ◽  
Pyrolysis Process ◽  
Pv System ◽  
Biomass Waste ◽  
Solar Photovoltaic System

Abstract: The need for sustainable methods of producing energy is growing now more than ever due to the increasing environmental concerns and the current climate crisis. By combining the existing pyrolysis setup available to us, with solar energy, we can help in reducing the carbon footprint of the setup. India is one of the largest agrarian economies and as a result produces vast amounts of biomass waste, which is disposed of by burning. This produces a lot of smoke which contributes to a thick hazy smog in northern India and has a serious impact on the health of its population. Research in the thermo-chemical conversion of biomass waste and polymer wastes has also gained momentum in recent years. Various methods have been developed to reduce agricultural biomass and plastic wastes, but the Pyrolysis process proves its effectiveness in reducing wastes as well as converting them into useful fuels. Pyrolysis is a relatively simple, inexpensive, and robust thermo-chemical technology for transforming biomass into bio‐oil, biochar, and syngas. In this report, we focused on how to make the pyrolysis process more efficient, eco-friendly, and cost-effective by combining it with a solar photovoltaic system. A Photovoltaic (PV) system also helps in decreasing the grid dependence and increasing the reliability of the pyrolysis setup. It is used in conjunction with lithium-ion batteries to provide the necessary power required to carry out the pyrolytic conversion. Thus, with this solution, we can effectively produce energy while getting rid of bulky organic and plastic waste. Keywords: Pyrolysis, Sustainable energy, Solar Energy, Renewable Energy, Solar Photovoltaic System, Lithium-ion batteries

Solar Energy Assessment in Various Regions of Indian Sub-continent

2020 ◽  
Author(s):  
Johny Renoald Albert ◽  
Dishore Shunmugham Vanaja
Keyword(s):  
Solar Energy ◽  
Energy Demand ◽  
Graphical Representation ◽  
Photovoltaic System ◽  
Solar Irradiation ◽  
Solar Photovoltaic ◽  
Pv System ◽  
Energy Assessment ◽  
Energy Auditing ◽  
Solar Photovoltaic System

The demand for sustainable energy has increased significantly over the years due to the rapid depletion of fossil fuels. The solar photovoltaic system has been the advantage of converting solar irradiation directly to electricity, and it is suitable for most of the regions. But in the case of solar energy conversion, the voltage evolved from the solar photovoltaic cells is not adequate to meet the energy demand. Therefore, the converters and inverters with energy storage systems are used to fulfill the energy demand. These conversion architectures create new challenges for effective management of the grid. Due to the evaluation of power generation, load in a particular region or area, let us simplify with the help of the duck curve. The study is focused on the energy auditing, assessment, and measurement of solar irradiation from PV system design software. This graphical representation is implemented with a typical electricity load pattern at any region.

Methodology for Optimization of Stand-Alone Solar Photovoltaic Systems

2012 ◽  
Author(s):  
N. Fumo ◽  
V. Bortone ◽  
J. C. Zambrano
Keyword(s):  
Solar Energy ◽  
Energy Demand ◽  
Photovoltaic System ◽  
Design Stage ◽  
Solar Photovoltaic ◽  
Zero Energy ◽  
Photovoltaic Array ◽  
Net Zero Energy ◽  
Net Zero ◽  
Solar Photovoltaic System

The concept of Net-Zero Energy in building refers to a building which has an annual balance of energy flow at the utility meter of zero. The concept implies that the building may consume energy from an external provider at times in order to satisfy the building demands, but at other times it must produce enough on-site energy to compensate for this energy. The use of renewable energy technologies is implicit as the source of energy to compensate for any energy used from an external provider. Solar photovoltaic is a proved technology for achieving Net-Zero Energy building but economic factors has limited its broad use. The design stage of a solar photovoltaic project is critical to make a project feasible. In the design stage, the equipment sizing must be optimized in order to reduce the initial capital cost and, therefore, improve the economics of the project. For houses, which is the focus of this paper, a stand-alone solar photovoltaic system must supply the house energy demand at all times since it is not connected to the electric grid. As a means to size the system, data of solar energy availability must be used to ensure that the system will provide enough energy to satisfy the energy demand as well as provide energy to charge the batteries that will provide the energy required when the solar energy is not available. In this paper, a methodology to optimize the size of the photovoltaic array and the battery bank is proposed. The methodology accounts for Typical Meteorological Year data (TMY3) to ensure that the system, based on accepted statistical data, will be able to satisfy the energy demand at all times. An example that uses energy demand data obtained from the simulation of a house using the software EnergyGauge is used to illustrate the implementation of the methodology.

A renewable energy scenario for a new low carbon settlement in northern Italy: Biomass district heating coupled with heat pump and solar photovoltaic system

Energy ◽  
2020 ◽  
Vol 206 ◽  
pp. 118091 ◽  
Author(s):  
Niccolò Aste ◽  
Paola Caputo ◽  
Claudio Del Pero ◽  
Giulio Ferla ◽  
Harold Enrique Huerto-Cardenas ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Heat Pump ◽  
District Heating ◽  
Northern Italy ◽  
Photovoltaic System ◽  
Solar Photovoltaic ◽  
Low Carbon ◽  
Energy Scenario ◽  
Solar Photovoltaic System

scholarly journals Simulation of sizing of energy storage for off-grid decentralized wastewater treatment units: A case study in the Netherlands

2018 ◽  
Vol 13 (4) ◽  
pp. 771-779 ◽  
Author(s):  
Diego F. Quintero Pulido ◽  
Carlos M. Barreto ◽  
Marnix V. ten Kortenaar ◽  
Roberto R. Balda ◽  
Johann L. Hurink ◽  
...  
Keyword(s):  
Wastewater Treatment ◽  
The Netherlands ◽  
Rural Areas ◽  
Wastewater Treatment Plants ◽  
Sea Salt ◽  
Photovoltaic System ◽  
Solar Photovoltaic ◽  
Decentralized Wastewater Treatment ◽  
Solar Photovoltaic System ◽  
The University

Abstract Constant energy supply for decentralized wastewater treatment plants (DWWTPs) is crucial in order to ensure its functionality and prevent contamination of rivers and human illnesses due to pollution. However, power blackouts are a common problem in rural areas, which can affect the reliability of wastewater treatment plants. This paper presents a simulation study of sizing of solar photovoltaics and Sea-Salt batteries for powering a DWWTP working in 100% off-grid mode. The analysis is performed for two different DWWTPs: a prototype membrane bioreactor (MBR) and a Bever III compact wastewater aerobic system. The study is performed using the simulation package DEMKit developed at the University of Twente in the Netherlands. Results show that a solar photovoltaic system of 15 kWp coupled with a 20 kWh Sea-Salt battery may provide 100% of the electricity necessary during summer and up to 75% during winter in the Netherlands for the Bever III. In the case of the MBR, a photovoltaic system of 30 kWp in combination with a Sea-Salt battery of 50 kWh meets 100% of the electricity needs during summer and up to 65% during the winter in the Netherlands. Furthermore, in order to power the DWWTPs during the months of low sunlight, the dimensions of the solar photovoltaic system and the Sea-Salt battery needs to be increased by a factor of three.

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