Technical and Economic Viability Assessment of PV Power Plants for Rural Electrification in the Gambia

Sowe, Samba; Ketjoy, Nipon; Thanarak, Prapita; Suriwong, Tawat

doi:10.1016/j.egypro.2014.07.091

Cited by 26 publications

(15 citation statements)

References 3 publications

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“…It is well known that the criterion of PBP value for the availability is higher than the profitability of the PV project. PBP is shown as follows [14,22]: PBP = Initial investment USD Annual saving USD/years = years 2…”

Section: Solar Pv System Description and Economic Feasibilitymentioning

confidence: 99%

“…As the IRR is greater than the discount rate, the PV project is considered as satisfactory and worthwhile. The IRR is defined in (3) where i = IRR [14,23].…”

Section: Solar Pv System Description and Economic Feasibilitymentioning

confidence: 99%

“…Another study carries out the economic analysis of a 1.2 MW capacity grid-connected photovoltaic (PV) power plant installed at the Colorado State University-Pueblo [13]. Cash flow economic analysis is performed on a 1 MWp PV power station in Farafenni [14]. Quansah et al [15] develop analytical models to conduct a technical and economic comparison of grid-charged battery-inverter systems (GBIS) and solar PV with battery storage systems (SPVS).…”

Section: Introductionmentioning

confidence: 99%

“…Positive NPV represents an indicator of a potentially feasible project[21]. Sowe et al[14] also provided the following equation:…”

mentioning

confidence: 99%

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Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant

Yanıktepe

Kara

Özalp

2017

International Journal of Photoenergy

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Solar energy production and economic evaluation are analyzed, in this study, by using daily solar radiation and average temperature data which are measured for 3 years in the Osmaniye province in Turkey. Besides, this study utilizes the photovoltaic- (PV-) based grid connected to a power plant which has an installed capacity of 1 MW investment in electricity production. Economic values show that the net present value (NPV), the first economic method in the research, is about 111941 USD, which is greater than zero. Therefore, the payback year of this investment is approximately 8.3. The second one of these methods, the payback period of the simple payback period (PBP), is 6.27 years. The last method, which is the mean value of the internal rate of return (IRR), is 10.36%. The results of this study show that Osmaniye is a considerable region for the PV investment in electricity production. As a result, investment of a PV system in Osmaniye can be applicable.

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Section: Solar Pv System Description and Economic Feasibilitymentioning

confidence: 99%

“…As the IRR is greater than the discount rate, the PV project is considered as satisfactory and worthwhile. The IRR is defined in (3) where i = IRR [14,23].…”

Section: Solar Pv System Description and Economic Feasibilitymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…Positive NPV represents an indicator of a potentially feasible project[21]. Sowe et al[14] also provided the following equation:…”

mentioning

confidence: 99%

See 2 more Smart Citations

Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant

Yanıktepe

Kara

Özalp

2017

International Journal of Photoenergy

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show abstract

“…Based on the simulation results and the total cost of installing the system, the authors analyse the economic indicators of the project, including net present value (NPV), benefit cost ratio (BCR), internal rate of return (IRR), payback period (PB) and levelised cost of energy (LCOE) [55][56][57][58][59]. The lifetime of the PV system is estimated to be 20 years, and 10 years for the inverter.…”

Section: Economic Indicatorsmentioning

confidence: 99%

Design, Simulation and Economic Analysis of A Rooftop Solar PV System in Vietnam

Nguyen¹,

Van²

2018

EAI Endorsed Transactions on Energy Web

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Installing a grid-connected rooftop solar system for a household is an important issue; therefore, there are many factors that need to be considered before the installation is decided. The main factors to be noted are the total cost of the installation, the amount of electricity generated as well as the government's support policies for the development of solar energy. This article presents the design, simulation and economic analysis of an 8.36kWp grid-connected rooftop solar power project for a household in Thu Dau Mot City, Vietnam. The study calculates the generated electricity, the efficiency of the Photovoltaic (PV) power system, the ability to reduce the amount of CO2 emitted into the environment and the economic indicators of the project. This research is useful for stakeholders investing in residential rooftop solar PV systems and Vietnam's energy policymakers as well.

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Cost-benefit analysis for smart grid resiliency

Goel

Sharma

2022

Electric Power Systems Resiliency

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Technical and Economic Viability Assessment of PV Power Plants for Rural Electrification in the Gambia

Cited by 26 publications

References 3 publications

Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant

Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant

Design, Simulation and Economic Analysis of A Rooftop Solar PV System in Vietnam

Cost-benefit analysis for smart grid resiliency

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