학술논문

Adaptable pathway to net zero carbon: A case study for Techno-Economic & Environmental assessment of Rooftop Solar PV System
Document Type
article
Source
Energy Reports, Vol 9, Iss , Pp 3482-3492 (2023)
Subject
CO2 emission
Decarbonization
Financial feasibility
Performance indices
Rate of investment return
Rooftop SPV plant
Electrical engineering. Electronics. Nuclear engineering
TK1-9971
Language
English
ISSN
2352-4847
Abstract
Several countries have a critical need to enhance their electricity production to satisfy the tremendously increasing energy demand and to minimize the black outs. Due to scarcity of fossil fuels and degrading environment, rooftop Solar Photovoltaic (SPV) can be a suitable renewable alternative of green and clean energy. In this paper, due to the techno-economic, environmental and social benefits of Solar PV, the modelling and planning of a solar PV plant to fulfil the energy demand of an academic building is carried out. The analysis is done including all the financial and environmental aspects considering recent market prices and future price escalation. A Modified Greedy Search based optimal planning of the SPV to minimize grid dependence considering load variation pattern with its assessment analysis for an academic building is proposed in this research work. The various financial parameters that affect the feasibility of Solar PV plant i.e., energy payback period, grid dependency, rate of investment return, economic payback period, rate of escalation with actual cost of electricity, annual maintenance cost, depreciation and taxation are considered and evaluated. The environmental factors related to the generation from Solar PV i.e., CO2emission reduction and carbon credit are also included in analysis. The results obtained for the proposed Solar PV plant shows that the energy payback period is 8 years and IRR with depreciation and taxation is 21% (approx.) with net CO2mitigation of 1199 tCO2during the useful life span (25 years) of the plant.