Economic performance of off-grid photovoltaic systems for irrigation

Abstract

Renewable energies are alternatives to replace fossil fuels and are crucial for the sustainability of the agricultural sector, besides being an important alternative for pumping water in irrigation. Thus, understanding revenues and expenses is fundamental in economic feasibility. Therefore, the aim of this study was to assess the behavior of economic indicators in off-grid solar energy system for irrigation based on different scenarios. Photovoltaic projects were developed for different irrigation powers ranging from 0.736 to 22.1 kW, and the costs for implementation and operation, as well as the occurrence of economy of scale were evaluated, and the levelized cost of energy for each power analyzed was determined. In addition, sensitivity analyses were performed, considering the variation in product price and investment cost, to demonstrate the responses in relation to economic indicators. Photovoltaic energy projects showed increasing costs with the increase in power, and the normalized cost per kW followed an economy of scale, while the levelized cost of energy showed feasibility, except for the power of 22.1 kW. The sensitivity analyses showed profitability for the analyzed configurations.