Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small Island
This paper presents a feasibility study of a large simulated stadium-scale photovoltaic generation system (PVGS) on a small island. Both the PVGS contribution to the energy demand on the island and its financial analysis were analysed in this study. The maximum allowable PVGS installation capacity i...
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| Format: | Article |
| Language: | English |
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Wiley
2014-01-01
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| Series: | International Journal of Photoenergy |
| Online Access: | http://dx.doi.org/10.1155/2014/264802 |
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| author | Cheng-Ting Hsu Roman Korimara Tsun-Jen Cheng |
| author_facet | Cheng-Ting Hsu Roman Korimara Tsun-Jen Cheng |
| author_sort | Cheng-Ting Hsu |
| collection | DOAJ |
| description | This paper presents a feasibility study of a large simulated stadium-scale photovoltaic generation system (PVGS) on a small island. Both the PVGS contribution to the energy demand on the island and its financial analysis were analysed in this study. The maximum allowable PVGS installation capacity is obtained by executing load flow analysis without violating the voltage magnitude and voltage variation ratio limits. However, the estimated power generation of PVGS is applied to know its impact on the power system according to the hourly solar irradiation and temperature. After that, the cost-benefit analysis of payback years (PBY) and net present value (NPV) method is derived considering the cash flow from utilities annual fuel and loss saving, the operation and maintenance (O&M) cost, and the capital investment cost. The power network in Kiribati (PUB DNST) is selected for study in this paper. The simulation results are very valuable and can be applied to the other small islands for reducing the usage of fossil fuel and greenhouse gas emissions. |
| format | Article |
| id | doaj-art-4419f970b497433ab9e8f7bcd19c1792 |
| institution | Kabale University |
| issn | 1110-662X 1687-529X |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | International Journal of Photoenergy |
| spelling | doaj-art-4419f970b497433ab9e8f7bcd19c17922025-02-03T05:58:41ZengWileyInternational Journal of Photoenergy1110-662X1687-529X2014-01-01201410.1155/2014/264802264802Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small IslandCheng-Ting Hsu0Roman Korimara1Tsun-Jen Cheng2Department of Electrical Engineering, Southern Taiwan University of Science and Technology, Tainan 710, TaiwanDepartment of Electrical Engineering, Southern Taiwan University of Science and Technology, Tainan 710, TaiwanDepartment of Electrical Engineering, Southern Taiwan University of Science and Technology, Tainan 710, TaiwanThis paper presents a feasibility study of a large simulated stadium-scale photovoltaic generation system (PVGS) on a small island. Both the PVGS contribution to the energy demand on the island and its financial analysis were analysed in this study. The maximum allowable PVGS installation capacity is obtained by executing load flow analysis without violating the voltage magnitude and voltage variation ratio limits. However, the estimated power generation of PVGS is applied to know its impact on the power system according to the hourly solar irradiation and temperature. After that, the cost-benefit analysis of payback years (PBY) and net present value (NPV) method is derived considering the cash flow from utilities annual fuel and loss saving, the operation and maintenance (O&M) cost, and the capital investment cost. The power network in Kiribati (PUB DNST) is selected for study in this paper. The simulation results are very valuable and can be applied to the other small islands for reducing the usage of fossil fuel and greenhouse gas emissions.http://dx.doi.org/10.1155/2014/264802 |
| spellingShingle | Cheng-Ting Hsu Roman Korimara Tsun-Jen Cheng Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small Island International Journal of Photoenergy |
| title | Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small Island |
| title_full | Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small Island |
| title_fullStr | Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small Island |
| title_full_unstemmed | Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small Island |
| title_short | Cost-Effectiveness Analysis of a PVGS on the Electrical Power Supply of a Small Island |
| title_sort | cost effectiveness analysis of a pvgs on the electrical power supply of a small island |
| url | http://dx.doi.org/10.1155/2014/264802 |
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