Economic Evaluation of PV Installations for Self-Consumption in Industrial Parks

Abstract

This paper presents an analysis of the economic performance of photovoltaic (PV) self-consumption systems at an industrial park in the Basque Country (north of Spain). The economic feasibility of the installations is largely dependent on self-consumption and compensation due to electricity injected into the grid, as well as the assumed evolution of the electricity prices. A sensitivity analysis is carried out for different installation sizes and different evolution scenarios concerning electricity prices. The potential for installations for shared self-consumption with dynamic and static distribution coefficients is also analyzed. The results show that medium sized installations are generally a cost effective way to reduce energy bills, while the economic performance of larger installations is more uncertain, and is largely dependent on the selling price for electricity injected into the grid. This case study found that the economic benefits of shared self-consumption between different companies are substantial, and are slightly more favorable when applying dynamic distribution factors.