Economic Feasibility of Agrivoltaic Systems in Food-Energy Nexus Context: Modelling and a Case Study in Niger

Bhandari, Srijana Neupane; Schlüter, Sabine; Kuckshinrichs, Wilhelm; Schlör, Holger; Adamou, Rabani; Bhandari, Ramchandra

doi:10.3390/agronomy11101906

Cited by 31 publications

(12 citation statements)

References 26 publications

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“…When the dynamic payback period (DPP) is high, the NPV is higher than the benchmark electricity price without subsidies, but lower than the actual on-grid electricity price with subsidies, and the economic benefits of the case project depend on the degree of subsidies. Previous studies [34,67] have also reached similar conclusions. We identified the following factors:…”

Section: Results Of the Baseline Scenariosupporting

confidence: 82%

Cost–Benefit Analysis of Kaposvár Solar Photovoltaic Park Considering Agrivoltaic Systems

2022

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In the context of the global energy crisis and crucial issues on food, the development and utilization of agrivoltaic (APV) systems could be a way to solve both the energy shortage and agricultural production at the same time and in the same area. As a combination of photovoltaics (PV) and agriculture, agrivoltaics has broad prospects for the future agricultural development of Hungary. Since especially large-scale PV systems can be considered as a potential basis of APV systems, the Kaposvár Solar Power Plant Project in Hungary was analyzed in this study. Two comparative analyses were used: between APV and PV systems, and between APV and apple plantation. An economic model has been developed. The baseline scenario shows that APV systems in current technological and economic conditions are not competitive with PV systems and are also less attractive for agricultural farmers, due to the long return period of the surplus investment cost. By analyzing uncertain factors and seeking possible solutions, the authors’ recommendations for the development, subsidy system and technology might be useful for both farmers and for decision makers to promote APV systems in the future.

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Section: Results Of the Baseline Scenariosupporting

confidence: 82%

Cost–Benefit Analysis of Kaposvár Solar Photovoltaic Park Considering Agrivoltaic Systems

2022

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“…Dinesh and Pearce argued that the economic value of a farm increases by more than 30% when agrivoltaics are used instead of traditional agricultural practices [53]. In Niger, Bhandari et al estimated and compared the LCOE of energy production facilities using diesel engines and PV systems on salad, cabbage, tomato, and mint farms [54]. Poonia et al estimated the LCOE of PV systems according to one-, two-, and three-row array structures in India [55].…”

Section: Literature Reviewmentioning

confidence: 99%

Estimating the Deterministic and Stochastic Levelized Cost of the Energy of Fence-Type Agrivoltaics

Hwang,

Lee

2024

Energies

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Agrivoltaics can be used to supply energy and produce agricultural products in order to meet the growing demand for energy and food. The amount of power generation is affected by the solar panel direction, spacing, tilt, and panel technology; however, there is insufficient empirical data-based research on the operation of agrivoltaics. This study estimates the levelized cost of energy (LCOE) for a fence-based agrivoltaics system using bifacial modules. This study installed and operated photovoltaic (PV) systems on a rice paddy and saltern in South Korea to estimate the input variables that could affect their economic efficiency and LCOE. For the research methods, this study used Monte Carlo simulation (a stochastic analysis method that reflects the uncertainty of the input variables), a deterministic LCOE analysis, and a sensitivity analysis of the input variables. In terms of space utilization, the LCOE of the paddy system (139.07~141.19 KRW/kWh) was found to be relatively lower than that of the saltern system (145.43~146.18 KRW/kWh), implying that the PV system on the paddy was economically favorable. In terms of installation direction, it was more economical to operate the southwest-facing panels (139.07~145.43 KRW/kWh) than the southeast-facing panels (141.19~146.18 KRW/kWh). This study provides foundational policy data for the adoption of fence-based agrivoltaics and contributes to the widespread and active use of agrivoltaics.

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“…The BCR is used in CBA with the objective of summarizing the overall relationship between costs and benefits of a proposed investment. When the BCR is >1 the project shows suitability and desirability (Bhandari et al, 2021).…”

Section: Bcrmentioning

confidence: 99%

Life cycle cost assessment and economic analysis of a decentralized wastewater treatment to achieve water sustainability within the framework of circular economy

López-Serrano

Lakho

Hulle

et al. 2023

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Research background: The increasing water demand together with an unceasing production of wastewater worldwide has resulted in a situation where the scarcity and pollution of water resources are jeopardizing and depleting such a vital asset. Purpose of the article: In this context, Nature Based Solutions (NBS) such as Vertical Flow Constructed Wetlands (VFCWs) are key because of their capacity of channelling a waste into a resource. However, and notwithstanding their essential role, their financial benefits too often go unnoticed because of missing research that study them from an economic perspective and this article has covered this existing gap. The objective of this research is to analyse the economic consequences of using VFCW against its traditional alternative through a comprehensive economic assessment. Methods: After doing a Life Cycle Assessment (LCA), a combination of two approaches has been carried out. This research has developed a holistic approach where a Life Cycle Cost Assessment (LCCA) based on a Cost Benefit Analysis (CBA) along with an economic evaluation of cleaning environmental costs have been calculated for two different scenarios. For this monetary analysis, the environmental externalities derived from the use of cleaning the pollution caused by a public water supply and sewerage system and the VFCW have been quantified. Findings & value added: Results conclude that VFCW apart of being a cost-effective and profitable alternative for an investor, it has also valuable benefits for the society in general because of its meaningful and positive externalities and the high removal cost of the environmental pollutants of the traditional water supply and sewage system both contributing directly to the achievement of Sustainable Development Goals (SDGs). Furthermore, 4/5 environmental impacts derived from the use of traditional alternative pollute more than twice as much as the VFCW does. Lastly, the cleaning costs difference between both alternatives is 1,984,335?.

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Economic Feasibility of Agrivoltaic Systems in Food-Energy Nexus Context: Modelling and a Case Study in Niger

Cited by 31 publications

References 26 publications

Cost–Benefit Analysis of Kaposvár Solar Photovoltaic Park Considering Agrivoltaic Systems

Cost–Benefit Analysis of Kaposvár Solar Photovoltaic Park Considering Agrivoltaic Systems

Estimating the Deterministic and Stochastic Levelized Cost of the Energy of Fence-Type Agrivoltaics

Life cycle cost assessment and economic analysis of a decentralized wastewater treatment to achieve water sustainability within the framework of circular economy

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