The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.
The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.
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.
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