Techno‐economic assessment of solar photovoltaic integration into national grids: A case study of Burkina Faso

Ouedraogo, Bachir Ismael; Yamegueu, Daniel

doi:10.1002/ese3.364

Cited by 12 publications

(6 citation statements)

References 24 publications

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“…The literature provides numerous examples of these methods being used in practice, for example, these methods have been applied in Latin America to evaluate the possibilities of an economic development of a country based on renewable energy sources; in Asian countries, they served to measure the economic efficiency of high-income economy, 35,36 while a technoeconomic assessment of solar photovoltaic integration into national grids has been made in South Africa. 37 Economic efficiency analyses are often used to evaluate the profitability of investing in renewable energy sources. [37][38][39] Other examples of how investment economic efficiency assessments have been used worldwide are given in Table 1.…”

Section: The Annuity Methodsmentioning

confidence: 99%

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Assessment of the economic efficiency of energy‐saving projects, methodology based on simple and compound methods

Szafranko

2021

Energy Science & Engineering

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Among different engineering projects, there are ones intended to improve the energy-saving properties of buildings. Both new and much older buildings undergoing refurbishment can be involved. Broadly understood energy-saving projects increasingly often entail renewable energy installations. Every implementation of such an investment project needs to be preceded by an assessment of its economic efficiency. Although the literature provides examples of methods which can serve this purpose, a coherent methodological approach seems lacking. In this article, the author proposes methodology based on several simple and compound methods combined into a schematic assessment procedure. The methodology is presented as applied in a case of typical photovoltaic roof installation to generate electricity for a single-family house. The assessment procedure consists of a few steps leading from a preliminary to a more detailed appraisal. The first stage is an How to cite this article: Szafranko E. Assessment of the economic efficiency of energy-saving projects, methodology based on simple and compound methods.

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Section: The Annuity Methodsmentioning

confidence: 99%

“…37 Economic efficiency analyses are often used to evaluate the profitability of investing in renewable energy sources. [37][38][39] Other examples of how investment economic efficiency assessments have been used worldwide are given in Table 1.…”

Section: The Annuity Methodsmentioning

confidence: 99%

Assessment of the economic efficiency of energy‐saving projects, methodology based on simple and compound methods

Szafranko

2021

Energy Science & Engineering

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“…The current extensive interest in solar energy exploitation is generally due to the huge potential it portends, as with all clean and renewable energy sources, to amply reduce the impacts of carbon emissions resulting from fossil fuels combustions in conventional systems. Moreover, some studies have highlighted that integration of solar systems, especially based on PV, to power grids can portend economically feasible option in some cases, as exemplified in [106] for the case of grid integration of solar PV systems in Burkina Faso, replacing existing diesel generators. However, such integration is known generally to be associated with diverse challenges, especially due to the transient nature of solar irradiation, and this has led to myriad of studies for the discussion of these challenges in their diverse faces.…”

Section: Solar Energymentioning

confidence: 99%

Impacts of Renewable Energy Resources on Effectiveness of Grid-Integrated Systems: Succinct Review of Current Challenges and Potential Solution Strategies

et al. 2020

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This study is aimed at a succinct review of practical impacts of grid integration of renewable energy systems on effectiveness of power networks, as well as often employed state-of-the-art solution strategies. The renewable energy resources focused on include solar energy, wind energy, biomass energy and geothermal energy, as well as renewable hydrogen/fuel cells, which, although not classified purely as renewable resources, are a famous energy carrier vital for future energy sustainability. Although several world energy outlooks have suggested that the renewable resources available worldwide are sufficient to satisfy global energy needs in multiples of thousands, the different challenges often associated with practical exploitation have made this assertion an illusion to date. Thus, more research efforts are required to synthesize the nature of these challenges as well as viable solution strategies, hence, the need for this review study. First, brief overviews are provided for each of the studied renewable energy sources. Next, challenges and solution strategies associated with each of them at generation phase are discussed, with reference to power grid integration. Thereafter, challenges and common solution strategies at the grid/electrical interface are discussed for each of the renewable resources. Finally, expert opinions are provided, comprising a number of aphorisms deducible from the review study, which reveal knowledge gaps in the field and potential roadmap for future research. In particular, these opinions include the essential roles that renewable hydrogen will play in future energy systems; the need for multi-sectoral coupling, specifically by promoting electric vehicle usage and integration with renewable-based power grids; the need for cheaper energy storage devices, attainable possibly by using abandoned electric vehicle batteries for electrical storage, and by further development of advanced thermal energy storage systems (overviews of state-of-the-art thermal and electrochemical energy storage are also provided); amongst others.

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“…Ouedraogo and Yamegueu [28] used methods of economic feasibility analysis based on the useful lifetime of the system. According to them, the calculation of LCOE can be defined as the sum of all costs discounted during the project's useful lifetime, divided by the units of discounted energy produced.…”

Section: Lifetimementioning

confidence: 99%

Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments

et al. 2020

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The introduction of environmental impact targets around the world has highlighted the need to adopt alternative sources of energy, which can supply the demand and mitigate the damage caused to the environment. Solar energy is one of the main sources of alternative energy, and is considered an abundant source of clean energy. However, to facilitate and encourage investors interested in the installation of photovoltaic energy systems for electricity production, it is essential to evaluate the factors that impact the economic viability of the projects. Therefore, the objective of this research is to present a systematic analytical framework, in order to identify and analyze the main factors that impact the financial feasibility of projects for the installation of photovoltaic energy plants. For this purpose, a systematic literature review was carried out, analyzing the main studies related to the topic and identifying the main factors that may financially affect investments in photovoltaic energy systems. From this review, 29 influencing factors were identified and separated into five categories, namely, location, economic, political, climatic and environmental, and technical factors. The main factors highlighted are the investment cost, power generation, operation and maintenance costs, solar radiation, lifetime, energy tariff, efficiency, electricity consumption, and interest and taxes. The results may assist policy makers, investors, researchers, and other stakeholders to identify the key factors that are being examined in the literature, and to evaluate which ones should be considered in their study to ensure the sustainable development of power generation through the solar source.

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Techno‐economic assessment of solar photovoltaic integration into national grids: A case study of Burkina Faso

Cited by 12 publications

References 24 publications

Assessment of the economic efficiency of energy‐saving projects, methodology based on simple and compound methods

Assessment of the economic efficiency of energy‐saving projects, methodology based on simple and compound methods

Impacts of Renewable Energy Resources on Effectiveness of Grid-Integrated Systems: Succinct Review of Current Challenges and Potential Solution Strategies

Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments

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