Affiliation:
1. Engineering Faculty, Department of Energy Systems Engineering, University of Osmaniye Korkut Ata, Fakiusagi, 80000 Osmaniye, Turkey
Abstract
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.
Funder
The Office of Scientific Research Projects of Osmaniye Korkut Ata University
Subject
General Materials Science,Renewable Energy, Sustainability and the Environment,Atomic and Molecular Physics, and Optics,General Chemistry
Cited by
19 articles.
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