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Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant
Joint Authors
Yaniktepe, Bulent
Kara, Osman
Ozalp, Coskun
Source
International Journal of Photoenergy
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-03-30
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Abstract EN
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.
American Psychological Association (APA)
Yaniktepe, Bulent& Kara, Osman& Ozalp, Coskun. 2017. Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant. International Journal of Photoenergy،Vol. 2017, no. 2017, pp.1-7.
https://search.emarefa.net/detail/BIM-1168201
Modern Language Association (MLA)
Yaniktepe, Bulent…[et al.]. Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant. International Journal of Photoenergy No. 2017 (2017), pp.1-7.
https://search.emarefa.net/detail/BIM-1168201
American Medical Association (AMA)
Yaniktepe, Bulent& Kara, Osman& Ozalp, Coskun. Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant. International Journal of Photoenergy. 2017. Vol. 2017, no. 2017, pp.1-7.
https://search.emarefa.net/detail/BIM-1168201
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1168201