Renewable electricity sources selection based on the economy applied approach

Abstract

The aim of the work is to develop an economically justified approach to the selection of renewable sources of electricity. This aim is achieved by construction an automated algorithm that takes into account a set of restrictions for creating the optimal structure of a photovoltaic station. The work confirms the influence of such factors on project implementation as: electricity consumption schedule, built-up area, photovoltaic station mounting system type, allocated amount of money for project implementation, fixed and variable costs for maintenance of photovoltaic station, cost of electricity. The results of an economically justified approach to the selection of renewable sources of electricity at a real photovoltaic station are given. Indicators such as pay-back period and cash flow were calculated, which show the feasibility of the proposed approach.