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ECONOMIC FEASIBILITY ANALYSIS of a GRID-CONNECTED PV ENERGY SYSTEM: A CASE STUDY of KUTAHYA DUMLUPINAR UNIVERSITY, TÜRKİYE

Year 2022, Issue: 050, 200 - 216, 30.09.2022

Abstract

Due to their clean energy generation process, PV energy systems are an important alternative energy production system against fossil fuel-based energy production systems. However, it is important to make a clear and brief economic feasibility analysis before the installation of a PV energy system. The return time of the investment should have been calculated carefully. So, this paper presents an economic feasibility analysis of a grid-connected PV energy system. The system is planned to locate on the campus of Kutahya Dumlupinar University, Türkiye. The proposed system is planned to establish approximately 3000 m2 of an unused field near a pond on the campus. The DC side power plant installed power capacity has been determined as 150kWp. The network side power of the system is determined as 125kWe. The total cost of the system is determined and the monthly energy production of the proposed PV energy system in years is calculated according to solar radiation data. The overall profit of the system is calculated by years. It is found that the system will start to make profits at the middle of the 5th year of the investment.

Thanks

The author declares that there was no conflict of interest in the course of this study.

References

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  • [23] Kassem, Y., Camur, H., and Aateg, R. A. F. (2020), Exploring Solar and Wind Energy as a Power Generation Source for Solving the Electricity Crisis in Libya. Energies, 13(14), 28. doi:10.3390/en13143708
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  • [25] Sun path chart of 39.29 North, 29.54 East. [cited 2022 09.06.2022]; Available from: http://solardat.uoregon.edu/SunChartProgram.html.
  • [26] Karafil, A., Ozbay, H., Kesler, M., and Parmaksiz, H. (2015), Calculation of optimum fixed tilt angle of PV panels depending on solar angles and comparison of the results with experimental study conducted in summer in Bilecik, Turkey. Paper presented at the 2015 9th International Conference on Electrical and Electronics Engineering (ELECO),
  • [27] European Union Photovoltaic Geographical Information System (PVGIS), 10.06.2022]; Available from: https://re.jrc.ec.europa.eu/pvg_tools/en/.
Year 2022, Issue: 050, 200 - 216, 30.09.2022

Abstract

References

  • [1] Our world in data - How much of our primary energy comes from renewables. [cited 2022 10.03.2022]; Available from: https://ourworldindata.org/renewable-energy.
  • [2] Celik, A. N. (2006), Present status of photovoltaic energy in Turkey and life cycle techno-economic analysis of a grid-connected photovoltaic-house. Renewable and Sustainable Energy Reviews, 10(4), 370-387.
  • [3] Abbasoglu, S., Nakipoglu, E., and Kelesoglu, B. (2011), Viability analysis of 10 MW PV plant in Turkey. Energy Education Science and Technology Part a-Energy Science and Research, 27(2), 435-446.
  • [4] Duman, A. C., and Guler, O. (2020), Economic analysis of grid-connected residential rooftop PV systems in Turkey. Renewable Energy, 148, 697-711. doi:10.1016/j.renene.2019.10.157
  • [5] Kalinci, Y. (2015), Alternative energy scenarios for Bozcaada island, Turkey. Renewable and Sustainable Energy Reviews, 45, 468-480. doi:10.1016/j.rser.2015.02.001
  • [6] Akpolat, A. N., Dursun, E., Kuzucuoglu, A. E., Yang, Y. H., Blaabjerg, F., and Baba, A. F. (2019), Performance Analysis of a Grid-Connected Rooftop Solar Photovoltaic System. Electronics, 8(8), 20. doi:10.3390/electronics8080905
  • [7] Aykut, E., and Terzi, U. K. (2020), Techno-economic and environmental analysis of grid connected hybrid wind/photovoltaic/biomass system for Marmara University Goztepe campus. International Journal of Green Energy, 17(15), 1036-1043. doi:10.1080/15435075.2020.1821691
  • [8] Batman, A., Bagriyanik, F. G., Aygen, Z. E., Gul, O., and Bagriyanik, M. (2012), A feasibility study of grid-connected photovoltaic systems in Istanbul, Turkey. Renewable and Sustainable Energy Reviews, 16(8), 5678-5686.
  • [9] Caglayan, N. (2020), ENERGY AND ECONOMIC FEASIBILITY OF A GRID-CONNECTED SOLAR PV SYSTEM IN ANTALYA, TURKEY. Fresenius Environmental Bulletin, 29(3), 1581-1589.
  • [10] Karaveli, A. B., Akinoglu, B. G., and Soytas, U. (2018), Measurement of economic feasibility of photovoltaic power plants-application to Turkey. Paper presented at the 2018 International Conference on Photovoltaic Science and Technologies (PVCon),
  • [11] Kirbas, İ., and ÇİFCİ, A. (2019), Feasibility study of a solar power plant installation: a case study of lake Burdur, Turkey. El-Cezerî Journal of Science, 6(3), 830-835.
  • [12] Cetinbas, I., Tamyurek, B., and Demirtas, M. (2019), Design, Analysis and Optimization of a Hybrid Microgrid System Using HOMER Software: Eskisehir Osmangazi University Example. International Journal of Renewable Energy Development-Ijred, 8(1), 65-79. doi:10.14710/ijred.8.1.65-79
  • [13] Taner, T. (2019), A feasibility study of solar energy-techno economic analysis from Aksaray city, Turkey. J Journal of Thermal Engineering, 3(5), 1-1.
  • [14] Adan, H. K., and Basaran Filik, U. (2021), Technical and economic evaluation of a standalone and on grid hybrid renewable energy: A case study at Eskisehir Technical University. Sigma Journal of Engineering and Natural Sciences-Sigma Muhendislik Ve Fen Bilimleri Dergisi, 39(2), 184-194. doi:10.14744/sigma.2021.00008
  • [15] Ates, A. M., and Salmanoğlu, F. (2017), A Project That Provides Electricity from Solar Energy for Vocational School Campus. Paper presented at the Solaris 2017 Conference Proceedings.
  • [16] Ayran, Z. A., and Aslan, Y. KÜTAHYA İLİ GÜNEŞ ENERJİ POTANSİYELİNİN ARAŞTIRILMASI VE ÖRNEK BİR GÜNEŞ ENERJİ SANTRALİNİN EKONOMİK ANALİZİ. Journal of Scientific Reports-C, 1(June 2020), 17-37.
  • [17] Akpinar, K. N., Bilu, A. C., and Kekezoglu, B. (2019), MATLAB GUI Model for PV System Feasibility of a House Electricity Consumption in Turkey. European Journal of Engineering and Natural Sciences, 3(2), 27-31.
  • [18] Gurturk, M. (2019), Economic feasibility of solar power plants based on PV module with levelized cost analysis. Energy and Buildings, 171, 866-878.
  • [19] Atikol, U., Abbasoglu, S., and Nowzari, R. (2013), A feasibility integrated approach in the promotion of solar house design. International Journal of Energy Research, 37(5), 378-388. doi:10.1002/er.3025
  • [20] Al-Turjman, F., Qadir, Z., Abujubbeh, M., and Batunlu, C. (2020), Feasibility analysis of solar photovoltaic-wind hybrid energy system for household applications. Computers and Electrical Engineering, 86, 106743.
  • [21] Sadati, S. M. S., Jahani, E., Taylan, O., and Baker, D. K. (2018), Sizing of Photovoltaic-Wind-Battery Hybrid System for a Mediterranean Island Community Based on Estimated and Measured Meteorological Data. Journal of Solar Energy Engineering-Transactions of the Asme, 140(1), 12. doi:10.1115/1.4038466
  • [22] Abujubbeh, M., Marazanye, V. T., Qadir, Z., Fahrioglu, M., and Batunlu, C. (2019), Techno-economic feasibility analysis of grid-tied PV-wind hybrid system to meet a typical household demand: Case study-amman, Jordan. Paper presented at the 2019 1st Global Power, Energy and Communication Conference (GPECOM),
  • [23] Kassem, Y., Camur, H., and Aateg, R. A. F. (2020), Exploring Solar and Wind Energy as a Power Generation Source for Solving the Electricity Crisis in Libya. Energies, 13(14), 28. doi:10.3390/en13143708
  • [24] Greenmetric Detail Rankings 2021 - Kutahya Dumlupinar University. [cited 07.06.2022]; Available from: https://greenmetric.ui.ac.id/rankings/overall-rankings-2021/dpu.edu.tr.
  • [25] Sun path chart of 39.29 North, 29.54 East. [cited 2022 09.06.2022]; Available from: http://solardat.uoregon.edu/SunChartProgram.html.
  • [26] Karafil, A., Ozbay, H., Kesler, M., and Parmaksiz, H. (2015), Calculation of optimum fixed tilt angle of PV panels depending on solar angles and comparison of the results with experimental study conducted in summer in Bilecik, Turkey. Paper presented at the 2015 9th International Conference on Electrical and Electronics Engineering (ELECO),
  • [27] European Union Photovoltaic Geographical Information System (PVGIS), 10.06.2022]; Available from: https://re.jrc.ec.europa.eu/pvg_tools/en/.
There are 27 citations in total.

Details

Primary Language English
Subjects Engineering
Journal Section Research Articles
Authors

Kerim Karabacak 0000-0002-9724-4612

Publication Date September 30, 2022
Submission Date March 29, 2022
Published in Issue Year 2022 Issue: 050

Cite

IEEE K. Karabacak, “ECONOMIC FEASIBILITY ANALYSIS of a GRID-CONNECTED PV ENERGY SYSTEM: A CASE STUDY of KUTAHYA DUMLUPINAR UNIVERSITY, TÜRKİYE”, JSR-A, no. 050, pp. 200–216, September 2022.