Photovoltaics energy: Improved modeling and analysis of the levelized cost of energy (LCOE) and grid parity – Egypt case study

Said, Mohamad Syazarudin Md; EL-Shimy, M.; Abdelraheem, M.A.

doi:10.1016/j.seta.2014.11.003

Cited by 51 publications

(27 citation statements)

References 18 publications

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“…Moreover, there has been in-depth studies which included uncertainties in calculating LCOEs of PV systems. (Biondi and Moretto (2015) [20]; and Said et al (2015) [21]) Biondi and Moretto (2015) examined solar grid parity in Italy by using a real option approach. The study evaluated uncertainties, such as energy prices and PV module costs, and demonstrated how those uncertainties affect the PV market in Italy.…”

Section: Literature Reviewmentioning

confidence: 99%

A Scenario Analysis of Solar Photovoltaic Grid Parity in the Maldives: The Case of Malahini Resort

et al. 2018

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The Maldives, one of the Small Island Developing States (SIDS) with great solar potential, is keen to promote renewable energy systems to reduce its heavy reliance on imported diesel for power generation. However, adopting renewable energy systems is still burdensome for the Maldives not only because of its high initial costs and insufficient financial resources but also because of a lack of understanding about whether the deployment of a renewable system is economically feasible. Therefore, the concept of grid parity is explored as an important concept in this paper to examine the possible timeframe for reaching it. A distinctive feature of the paper is that the paper used actual cost and technical information to analyze the levelized cost of energy (LCOEs) of the independent renewable system in a remote island and examined its timeframe for reaching the grid parity condition. Based on economic and technical information from a project for replacing existing diesel generator to photovoltaic (PV) with energy storage system (ESS) in Kuda Bandos Island in the Maldives, the paper considers three different system configurations and evaluates which configuration could result in the most optimal off-grid energy systems in this remote island. With sensitivity analysis on various uncertainties, the paper shows the range of the levelized costs of energy and the periods required for reaching grid parity for deploying solar photovoltaics and ESSs in Kuda Bandos Island, Maldives. The result indicates that the photovoltaic system is an economically feasible option for the resort, and that grid parity can be reached within the project lifetime. However, the result shows that the use of advanced ESSs is still an expensive option and would not be economically reasonable.

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Section: Literature Reviewmentioning

confidence: 99%

A Scenario Analysis of Solar Photovoltaic Grid Parity in the Maldives: The Case of Malahini Resort

et al. 2018

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“…Hence LCOE of individual technologies is an important indicator to assess cost parity, however it has to be contextualized in order to be meaningful [16,17,19,24,25,29,30,33,42,44,[64][65][66][67][68][69][70][71][72][73][74][75][76].…”

Section: Cost Paritymentioning

confidence: 99%

Economics of pooling small local electricity prosumers—LCOE & self-consumption

Kästel

Gilroy-Scott

2015

Renewable and Sustainable Energy Reviews

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“…The globally installed PV capacity has multiplied by a factor of 37.44 in 10 years from 1.8 GW in 2000 to 67.4 GW at the end of 2011 with a growth rate of 44% per year. In the year 2013, more than 39 GW were added [7].…”

Section: Literature Reviewmentioning

confidence: 99%

An Environmentally-Friendly Tourist Village in Egypt Based on a Hybrid Renewable Energy System––Part Two: A Net Zero Energy Tourist Village

et al. 2015

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Abstract:The main objective of this study is to discuss the economical and the environmental analysis of a net zero energy (NZE) tourist village in Alexandria, Egypt, by maximizing the renewable energy fraction and minimizing the greenhouse gases (GHG) emissions. The hybrid photovoltaics (PV)/wind/diesel/battery system is found to be the optimum hybrid renewable energy system (HRES) for the proposed tourist village under the study. The optimum HRES consists of 1600 kW of PV panels (58.09% solar energy penetration), 1000 kW of wind turbines (41.34% wind energy penetration), 1000 kW of power converters, 200 kW diesel generator (only 0.57% diesel generator penetration) in addition to 2000 batteries with the capacity of 589 Ah each. The levelized cost of energy (COE) from the optimum HRES is $0.17/kWh and the total net present cost (NPC) of this system is $15,383,360. Additionally, the maximum renewable energy fraction is 99.1% and the amount of GHG emitted from the optimum HRES is only 31,289 kg/year, which is negligible in comparison with the other system configurations, therefore the optimum HRES can be considered as a green system. In addition to this, the achieved percentage of the capacity shortage and the unmet load in the optimal HRES is only 0% for both. OPEN ACCESS

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Photovoltaics energy: Improved modeling and analysis of the levelized cost of energy (LCOE) and grid parity – Egypt case study

Cited by 51 publications

References 18 publications

A Scenario Analysis of Solar Photovoltaic Grid Parity in the Maldives: The Case of Malahini Resort

A Scenario Analysis of Solar Photovoltaic Grid Parity in the Maldives: The Case of Malahini Resort

Economics of pooling small local electricity prosumers—LCOE & self-consumption

An Environmentally-Friendly Tourist Village in Egypt Based on a Hybrid Renewable Energy System––Part Two: A Net Zero Energy Tourist Village

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