Financial Analysis of Photovoltaic Installations in Burkina Faso

2019 ◽  
pp. 1-13
Author(s):  
Ladifata Mogmenga ◽  
Bouchaib Hartiti ◽  
Amadou Diallo ◽  
Adama Ouedraogo ◽  
Nébon Bado ◽  
...  
Keyword(s):  
Burkina Faso ◽  
Energy Production ◽  
Financial Analysis ◽  
Electrical Energy ◽  
Cash Flows ◽  
Electricity Production ◽  
Internal Rate Of Return ◽  
Average Value ◽  
Cost Of Energy ◽  
The Cost

This article focuses on the economic and financial calculations concerning the production of electrical energy from photovoltaic installations connected to the grid. The estimation of energy production is done in fifteen cities in Burkina Faso. Among these localities, ten cities are homes to synoptic stations. The economic return in terms of the return on investment of the electricity production from PV installations is calculated by using the method of budgeted capital. The cost of the energy produced by photovoltaic installations during their operational lives (taken here equal to 25 years) is calculated and compared with other economic parameters. The observation shows that Gaoua records the smallest production and that the highest production is recorded in Ouahigouya. The analysis of the cash flows generated by the operation of these PV installations shows that the profits are perceptible from the 8th year in Ouahigouya and the 9th year in Gaoua. An Internal Rate of Return (IRR) of 14.42% is obtained in the locality of Ouahigouya. For locality of Gaoua the IRR is equal to13.72%. The calculation of Leveled Cost Of Energy (LCOE) gives an average value of 60 Fcfa / kWh for a discount rate of 4%. This value is almost equal to half the average price of electricity in Burkina Faso, which is 119 Fcfa / kWh.

scholarly journals Techno-Economic Study of Substation Electric Power in Indonesia: A Mini-Review

2021 ◽  
Vol 1 (1) ◽  
pp. 28-32
Author(s):  
Rosyid Ridlo Al Hakim ◽  
Eko Ariyanto ◽  
Yanuar Zulardiansyah Arief
Keyword(s):  
Power System ◽  
Electric Power ◽  
Financial Analysis ◽  
Electrical Energy ◽  
Electric Power System ◽  
Literature Study ◽  
Advantages And Disadvantages ◽  
Cost Of Energy ◽  
Energy Needs ◽  
The Cost

Energy is something that people need every day. One of the energies that are glorified to meet people's energy needs is electrical energy. The need for electrical energy in Indonesia continues to increase in line with economic growth and the increasing population. One of the components of electric power that is useful for delivering electric current to transmission networks is a substation. With the feasibility of techno-economic, it is possible to know the feasibility of the quality of an electric power system based on financial analysis. This paper provides a mini-review of the techno-economy of substation electricity and its maintenance in several regions in Indonesia today. The research stages consist of literature study, identification of article titles, article abstract screening, complete article selection, and mini-review reviews. Several studies are still not widely applied to the calculation of the cost of energy consumption to customers. In addition, the basic cost of providing electricity, the profit from electricity sales, and the payback period method need to be improved in research related to the techno-economic analysis of electrical energy. It is important to do this to determine the potential feasibility and the estimated advantages and disadvantages of an electric power system.

scholarly journals Photovoltaic Systems and Net Metering in Greece

2018 ◽  
Vol 8 (4) ◽  
pp. 3168-3171
Author(s):  
F. Mavromatakis ◽  
G. Viskadouros ◽  
H. Haritaki ◽  
G. Xanthos
Keyword(s):  
Net Present Value ◽  
Electricity Consumption ◽  
Electrical Energy ◽  
Internal Rate Of Return ◽  
Pv System ◽  
Local Loads ◽  
Electricity Bill ◽  
Net Metering ◽  
Cost Of Energy ◽  
Electrical Consumption

The latest measure for the development of photovoltaics in Greece utilizes the net-metering scheme. Under this scheme the energy produced by a PV system may be either consumed by the local loads or be injected to the grid. The final cost reported in an electricity bill depends upon the energy produced by the PV system, the energy absorbed from the grid and the energy injected to the grid. Consequently, the actual electricity consumption profile is important to estimate the benefit from the use of this renewable energy source. The state latest statistics in Greece for households reveal that the typical electrical consumption is 3750 kWh while 10244 kWh are consumed in the form of thermal energy. We adopt in our calculations the above amount of electrical energy but assume four different scenarios. These different hourly profiles are examined to study the effects of synchronization upon the final cost of energy. The above scenarios are applied to areas in different climate zones in Greece (Heraklion, Athens and Thessaloniki) to examine the dependence of the hourly profiles and the solar potential upon the financial data with respect to internal rate of return, payback times, net present value and the levelized cost of energy. These parameters are affected by the initial system cost and the financial parameters.

scholarly journals Techno-Economic Feasibility Study of Investigation of Renewable Energy System for Rural Electrification in South Algeria

2018 ◽  
Vol 8 (5) ◽  
pp. 3421-3426 ◽  
Author(s):  
F. Chermat ◽  
M. Khemliche ◽  
A. E. Badoud ◽  
S. Latreche
Keyword(s):  
Greenhouse Gas Emission ◽  
Electrical Energy ◽  
Energy System ◽  
Economic Feasibility ◽  
Maintenance Cost ◽  
Management Algorithm ◽  
Cost Of Energy ◽  
The Cost ◽  
Operation And Maintenance Cost ◽  
Different Sources

This work aims to consider the combination of different technologies regarding energy production and management with four possible configurations. We present an energy management algorithm to detect the best design and the best configuration from the combination of different sources. This combination allows us to produce the necessary electrical energy for supplying habitation without interruption. A comparative study is conducted among the different combinations on the basis of the cost of energy, diesel consumption, diesel price, capital cost, replacement cost, operation, and maintenance cost and greenhouse gas emission. Sensitivity analysis is also performed.

scholarly journals Reinvestment Bias When Analyzing Mutually Exclusive Assets

2011 ◽  
Vol 2 (3) ◽  
pp. 71
Author(s):  
Robert J. Sweeney
Keyword(s):  
Net Present Value ◽  
Capital Budgeting ◽  
Cash Flows ◽  
Rate Of Return ◽  
Internal Rate Of Return ◽  
Present Value ◽  
Internal Rate ◽  
Current Period ◽  
The Cost ◽  
Flows Over Time

Capital budgeting decisions generally involve the commitment of resources in the current period to secure positive cash flows over time that generate a rate of return in excess of the cost of the funds invested. The most common techniques used to perform this analysis are the Net Present Value (NPV) and the Internal Rate of Return (IRR).Conceptually, these two techniques are substitutable; i.e. the resulting decision from a NPV analysis is identical to the decision from an IRR analysis. In practice, however, the NPV and the IRR can, on occasion, produce conflicting decisions. Specifically, when analyzing mutually exclusive assets the Net Present Value can support one asset while the Internal Rate of Return supports the other. The purpose of this paper is twofold; first, to highlight structural deficiencies in the conventional application of the NPV and the IRR, and second, to demonstrate a procedure to correct for these structural errors.

RESEARCH OF ENERGY EFFICIENCY OF TWO-CHAMBER PULSE DEVICES FOR STAMPING

2021 ◽  
pp. 128-133
Author(s):  
А.Ю. Боташев ◽  
А.А. Мусаев
Keyword(s):  
Energy Efficiency ◽  
Combustion Chamber ◽  
Electrical Energy ◽  
Energy Carrier ◽  
Thermodynamic Efficiency ◽  
Total Energy Consumption ◽  
Cost Of Energy ◽  
Sheet Stamping ◽  
Fuel Mixtures ◽  
The Cost

Одной из разновидностей устройств, осуществляющих импульсные методы обработки давлением, являются двухкамерные устройства для листовой штамповки, использующие в качестве энергоносителя газовоздушные топливные смеси. Подача сжатого воздуха в камеру сгорания в рассматриваемом двухкамерном устройстве для листовой штамповки осуществляется компрессором. Проведен анализ термодинамических процессов, протекающих в камере сгорания и рабочем цилиндре двухкамерного устройства для листовой штамповки. При этом установлено, что энергия, затрачиваемая на работу компрессора, составляет около 45% от энергии, выделяющейся в камере сгорания. Получена зависимость для определения термодинамического КПД двухкамерных устройств для листовой штамповки, величина его составляет около 0,25. Установлено, что энергоэффективность двухкамерных устройств не уступает энергоэффективности традиционного штамповочного оборудования, при этом затраты на энергоносители двухкамерных устройств ниже за счет использования дешевого энергоносителя. В двухкамерном штамповочном устройстве для листовой штамповки электрическая энергия, используемая на работу компрессора, составляет менее 1/3 общей потребляемой энергии устройства. Поэтому при прочих равных условиях расходы на энергоносители будут значительно меньше, чем в штамповочном оборудовании, работающем на электрическом токе One of the types of devices that carry out pulse methods of pressure treatment are two-chamber devices for sheet stamping, using gas-air fuel mixtures as an energy carrier. The supply of compressed air to the combustion chamber in the considered two-chamber device for sheet stamping is carried out by a compressor. We carried out the analysis of thermodynamic processes taking place in the combustion chamber and the working cylinder of a two-chamber device for sheet stamping. We found that the energy spent on the operation of the compressor is about 45% of the energy released in the combustion chamber. We obtained the dependence for determining the thermodynamic efficiency of two-chamber devices for sheet stamping; its value is about 0.25. We established that the energy efficiency of two-chamber devices is not inferior to the energy efficiency of traditional stamping equipment, while the energy costs of two-chamber devices are lower due to the use of a cheap energy carrier. In a two-chamber die-forging device for sheet metal stamping, the electrical energy used to operate the compressor is less than 1/3 of the total energy consumption of the device. Therefore, all other things being equal, the cost of energy carriers will be significantly less than in stamping equipment operating on electric current

Hybrid Distributed Power Generation for an Isolated Rural Settlement in Masirah Island, Oman

2011 ◽  
Author(s):  
Saleh Al Saadi ◽  
Moncef Krarti
Keyword(s):  
Power Systems ◽  
Residential Buildings ◽  
Renewable Energy Sources ◽  
Electrical Energy ◽  
Small Community ◽  
Solar Pv ◽  
Cost Of Energy ◽  
Storage Batteries ◽  
Electrical Generation ◽  
The Cost

This paper summarizes the findings from a feasibility study of using renewable energy sources in combination with conventional power systems to meet the electrical requirements for an isolated island of Masirah in Oman. The study has been conducted to determine the best hybrid system to generate electrical energy needed for a small community of 500 residential buildings. A series of a simulation analyses have been carried out to evaluate and optimize different distribution technologies including photovolatics, wind and diesel for electrical generation in combination with storage batteries. It was found that the cost of energy could be reduced by as much as 48% compared to the cost for the baseline generation system currently used in the Masirah Island (i.e. diesel-driven generators). In particular, it was found that wind turbines in combination with storage batteries have a great impact in reducing the cost of generating electrical energy for the residential community. Moreover, solar PV panels were found unattractive under the current diesel price rates but could potentially become viable if the diesel prices increase. The paper outlines an optimal design for generating electricity for the community at lowest cost while minimizing carbon emissions.

ANÁLISE COMPARATIVA DO CUSTO PARA APLICAÇÃO DE UMA LÂMINA DE IRRIGAÇÃO UTILIZANDO ENERGIA ELÉTRICA E DIESEL

2016 ◽  
Vol 31 (3) ◽  
pp. 259
Author(s):  
Arionaldo De Sá Júnior ◽  
Jacinto de Assunção Carvalho
Keyword(s):  
Low Voltage ◽  
Electric Energy ◽  
Electrical Energy ◽  
Minas Gerais ◽  
Linear Increase ◽  
Energy Company ◽  
Cost Of Energy ◽  
Irrigation Depth ◽  
Tariff Rates ◽  
The Cost

Objetivou-se com a realização deste trabalho, estimar o custo com energia elétrica e à diesel para aplicação de 1 milímetro de lâmina de irrigação em uma área de 1 hectare. O grupo tarifário considerado foi o “B” para baixa tensão e subgrupo “B2 - Rural”. Os valores tarifários aplicados foram obtidos na Companhia energética de Minas Gerais – CEMIG. O valor adotado para o diesel foi respectivo à média observada na região sul de Minas Gerais no segundo semestre de 2012. Para efeito de cálculos, os rendimentos globais do conjunto motobomba e alturas manométricas totais adotadas foram, respectivamente; 60%, 65%, 70%, 75% e 10, 25, 75, 100, 125, 150, 175 e 200 m.c.a. Para o cálculo do custo total com a aplicação da lâmina de 1mm ha-1 foi considerado que o custo com a energia na atividade de irrigação representa 65% e 75% para elétrica e diesel, respectivamente. Os resultados obtidos mostram um crescimento linear dos custos com energia com o aumento da altura manométrica total. A utilização de sistemas motobomba mais eficientes reduz o custo com energia elétrica na ordem de 7% a 20% e diesel entre 4% a 16%, para as situações propostas.Em todos os casos a energia elétrica é mais favorável com relação ao custo.Palavras-chave: Lâmina de irrigação, Motobomba, Tarifa, Grupo tarifário.COMPARATIVE ANALYSIS OF THE COST OF AN IRRIGATION DEPTH USING ELECTRIC ENERGY AND DIESELABSTRACT: The aim of this study was to estimate the cost of electricity and diesel use for application of 1 mm water depth in an area of 1 hectare. The tariff group considered was "B" for low voltage and subgroup "B2 - Rural". The applied tariff rates were obtained from the energy company of Minas Gerais - CEMIG. The value adopted for a liter of diesel fuel was the average observed in the southern region of Minas Gerais in the second semester  of 2012. To do the  calculation, the overall yields adopted for  the whole pump and manometer total elevation  were, respectively, 60%, 65%, 70%, 75% and 10, 25, 75, 100, 125, 150, 175, 200 meters of water column. To calculate the total cost of 1mm ha-1 application, it was considered that the cost of energy on irrigation activity represents 65% and 75% for electricity and diesel, respectively. The results showed a linear increase of energy costs by increasing the manometer total elevation. The use of more efficient pump systems reduces the cost of electric power in the range of 7% to 20% and of diesel by 4% to 16% considering the proposed situations. In all cases, the electrical energy is more advantageous regarding the cost.Keywords: Depth irrigation, Motor-pump, Tariff, Tariff Group.

A Techno-Economic Analysis of a Proposed 1.5 MW Wind Turbine With a Hydrostatic Drive Train

2009 ◽  
Author(s):  
James R. Browning ◽  
Jon G. McGowan ◽  
James F. Manwell
Keyword(s):  
Wind Turbine ◽  
Energy Production ◽  
Capital Cost ◽  
Performance Model ◽  
Drive Train ◽  
Cost Models ◽  
Initial Capital ◽  
Cost Of Energy ◽  
The Cost ◽  
Utility Scale

Although decreases in the cost of energy from utility scale wind turbine generators has made them competitive with conventional forms of utility power generation, further reductions can increase the presence of wind energy in the global energy mix. The cost of energy from a wind turbine can be reduced by increasing the annual energy production, reducing the initial capital cost of the turbine, or doing both. In this study, the cost of energy is estimated for a theoretical 1.5 MW wind turbine utilizing a continuously variable ratio hydrostatic drive train between the rotor and the generator. The estimated cost of energy is then compared to that of a conventional wind turbine of equivalent rated power. The annual energy production is estimated for the theoretical hydrostatic turbine using an assumed wind speed distribution and a turbine power curve resulting from a steady state performance model of the turbine. The initial capital cost of the turbine is estimated using cost models developed for various components unique to the hydrostatic turbine as well as economic parameters and models developed by the National Renewable Energy Lab (NREL) for their 2004 WindPACT advanced wind turbine drive train study. The resulting cost of energy, along with various performance characteristics of interest, are presented and compared to those of the WindPACT baseline turbine intended to represent a conventional utility scale wind turbine.

scholarly journals The cost load regulation and management of electrical energy by directions of impact on the components of total price

2021 ◽  
Vol 295 ◽  
pp. 02001
Author(s):  
Alexey Pleshkov ◽  
Aleksey Kopylov ◽  
Petr Ulyankin
Keyword(s):  
Electrical Energy ◽  
Energy Resources ◽  
Managerial Decisions ◽  
Regional Features ◽  
Cost Of Energy ◽  
Load Regulation ◽  
Kaliningrad Region ◽  
The Cost ◽  
The Impact ◽  
Total Price

The issues of optimizing regional pricing are especially acute for the Kaliningrad Region due to its exclave features. At the same time, the cost of energy resources has become one of the main issues in making managerial decisions. Recently, the so-called Technoparks have become one of the new forms of organizing the production process in a certain branch of industry, or a process that is at the junction of several branches. There are a variety of descriptions of the indisputable advantages of this work format for a specific technological process, however, the possibilities in the field of reducing the costs of consumed energy resources that arise with such a local siting of production are not discussed that often. According to the authors of the article, based on the structure of the tariff, it is possible to classify methods of reducing the cost price by the impact on the components of the final cost of energy supply services. It should be noted that the classification sign of saving methods will be precisely the component of the tariff, while the methods themselves can be aimed both at reducing the price expression of each component of the tariff and at the volume of services for this component. The authors have also identified regional features of the pricing processes in the energy industry.

scholarly journals The results of the competitiveness analysis of photovoltaic microgeneration systems in the Russian Federation

2019 ◽  
Vol 486 (5) ◽  
pp. 543-546
Author(s):  
T. S. Gabderakhmanova ◽  
O. S. Popel
Keyword(s):  
Energy Storage ◽  
Dynamic Modelling ◽  
Electrical Energy ◽  
Economic Feasibility ◽  
Government Support ◽  
Feasibility Assessment ◽  
Pv Systems ◽  
Cost Of Energy ◽  
Regulatory Standards ◽  
The Cost

The results of the economic feasibility assessment of photovoltaic (PV) microgeneration systems by the criterion of the cost of energy are presented. The assessment is based on dynamic modelling of three different configurations of grid-connected PV systems - without energy storage, with electrical energy storage and with thermal energy storage - performed for weather and electricity tariff conditions of several prospective Russian regions. Government support measures and regulatory standards currently developing in Russia for microgeneration technologies are taken into account. It is shown that under certain conditions PV microgeneration technologies could be economically feasible in some energy isolated areas and non-pricing zones of the wholesale electricity and capacity market of Russia, particularly in the Sakha Republic, whereas in pricing zones - couldn’t for any of the considered system configurations.

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