Energy assessment and economic sensitivity analysis of a grid-connected photovoltaic system
Journal article
Cui, Yuanlong, Jie, Zhu, Meng, Fanran and Zoras, Stamatis 2019. Energy assessment and economic sensitivity analysis of a grid-connected photovoltaic system. Renewable Energy. https://doi.org/10.1016/j.renene.2019.12.127
| Authors | Cui, Yuanlong, Jie, Zhu, Meng, Fanran and Zoras, Stamatis |
|---|---|
| Abstract | This paper presents techno-economic assessment results of a grid-connected photovoltaic (PV) system for domestic building application. The PV system electricity output, energy conversion efficiency and cell temperature are explored based on the local weather condition, the system life cycle cost is evaluated with full account of the life of assets, volatile economic fluctuations, uncertainty influence factors, net present value (NPV) and discounted payback period (DPP) under Feed-in Tariff (FiT) scheme, the annual savings and payback time are compared for the FiT and new Smart Export Guarantee (SEG) schemes. Technical analysis results indicate that the system is capable of fulfilling the building electrical energy demand from April to October, and the extra electricity of 1530.23 kWh is exported to the grid in this period. The life cycle cost assessment results illustrate that the system achieves a NPV of £1335.32 and has a DPP of 9.34 years under the FiT scheme. Moreover, the sensitive analyses reveal that the high discount rate decreases the system NPV whereas the high initial cost leads to long payback period to realize the positive NPV. Furthermore, the FiT is the most cost-effective solution for PV system and has the shortest DPP compared with the SEG. |
| Keywords | Techno-economic assessment; Photovoltaic system; Smart export guarantee; Economic sensitivity analysis |
| Year | 2019 |
| Journal | Renewable Energy |
| Publisher | Elsevier |
| ISSN | 09601481 |
| 18790682 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1016/j.renene.2019.12.127 |
| Web address (URL) | http://hdl.handle.net/10545/624449 |
| hdl:10545/624449 | |
| Publication dates | 30 Dec 2019 |
| Publication process dates | |
| Deposited | 05 Feb 2020, 10:10 |
| Accepted | 27 Dec 2019 |
| Contributors | University of Nottingham and University of Derby |
| File | |
| File | File Access Level Open |
Permalink -
https://repository.derby.ac.uk/item/92q47/energy-assessment-and-economic-sensitivity-analysis-of-a-grid-connected-photovoltaic-system
Download files
36
total views51
total downloads1
views this month4
downloads this month
Export as
Related outputs
Photovoltaic/Thermal Module Integrated with Nano-Enhanced Phase Change Material: A Numerical Analysis
Cui, Y, Zhu, J., Zoras, S., Hassan, K. and Tong, H. 2022. Photovoltaic/Thermal Module Integrated with Nano-Enhanced Phase Change Material: A Numerical Analysis. Energies. 15 (14), pp. 1-12. https://doi.org/10.3390/en15144988Review of the recent advances in dew point evaporative cooling technology: 3E (energy, economic and environmental) assessments
cui, yuanlong, Zhu, Jie, Zoras, Stamatis and Liu, Lin 2021. Review of the recent advances in dew point evaporative cooling technology: 3E (energy, economic and environmental) assessments. Renewable and Sustainable Energy Reviews. 148, pp. 1-46. https://doi.org/10.1016/j.rser.2021.111345The cradle to gate life-cycle assessment of thermoelectric materials: A comparison of inorganic, organic and hybrid types
Soleimani, Zohreh, Zoras, Stamatis, Ceranic, Boris, Shahzad, Sally and Cui, Yuanlong 2021. The cradle to gate life-cycle assessment of thermoelectric materials: A comparison of inorganic, organic and hybrid types. Sustainable Energy Technologies and Assessments. 44, pp. 1-12. https://doi.org/10.1016/j.seta.2021.101073
A comprehensive review on the output voltage/power of wearable thermoelectric generators concerning their geometry and thermoelectric materials
Soleimani, Zohreh, Zoras, Stamatis, Ceranic, Boris, Cui, yuanlong and Shahzad, Sally 2021. A comprehensive review on the output voltage/power of wearable thermoelectric generators concerning their geometry and thermoelectric materials. Nano Energy. 89, pp. 1-31. https://doi.org/10.1016/j.nanoen.2021.106325Comprehensive review of the recent advances in PV/T system with loop-pipe configuration and nanofluid
Cui, Yuanlong, Zhu, Jie, Zoras, Stamatis and Zhang, Jizhe 2020. Comprehensive review of the recent advances in PV/T system with loop-pipe configuration and nanofluid. Renewable and Sustainable Energy Reviews. https://doi.org/10.1016/j.rser.2020.110254Energy performance and life cycle cost assessments of a photovoltaic/thermal assisted heat pump system
Cui, Yuanlong, Zhu, Jie, Zoras, Stamatis, Qiao, Yaning and Zhang, Xin 2020. Energy performance and life cycle cost assessments of a photovoltaic/thermal assisted heat pump system. Energy. https://doi.org/10.1016/j.energy.2020.118108Design of heat sinks for wearable thermoelectric generators to power personal heating garments: A numerical study
Soleimani, Zohreh, Zoras, Stamatis, Cui, Yuanlong, Ceranic, Boris and Shahzad, Salome 2020. Design of heat sinks for wearable thermoelectric generators to power personal heating garments: A numerical study. IOP Conference Series: Earth and Environmental Science. https://doi.org/10.1088/1755-1315/410/1/012096Optimization of a wearable thermoelectric generator encapsulated in polydimethylsiloxane (PDMS): A numerical modelling
Soleimani, Zohreh, Zoras, Stamatis, Ceranic, Boris, Cui, Yuanlong and Shahzad, Sally 2020. Optimization of a wearable thermoelectric generator encapsulated in polydimethylsiloxane (PDMS): A numerical modelling. IEEE. https://doi.org/10.1109/REPE48501.2019.9025156A review on recent developments of thermoelectric materials for room-temperature applications
Solemaini, Zohreh, Zoras, Stamatis, Ceranic, Boris, Shahzad, Sally and Cui, YUANLONG 2019. A review on recent developments of thermoelectric materials for room-temperature applications. Sustainable Energy Technologies and Assessments. https://doi.org/10.1016/j.seta.2019.100604State-of-the-art review of 3DPV technology: structures and models
Cui, Yuanlong, Zhu, Jie, Stamatis, Zoras, Chen, Xiangjie, Bi, Haixia, Qiao, Yaning and Soleimani, Zohreh 2019. State-of-the-art review of 3DPV technology: structures and models. Energy Conversion and Management. 200, p. 112130. https://doi.org/10.1016/j.enconman.2019.112130Design of heat sinks for wearable thermoelectric generators to power personal heating garments: A numerical study
Soleimani, Zohreh, Zoras, Stamatis, Cui, Yuanlong, Ceranic, Boris and Shahzad, Sally 2019. Design of heat sinks for wearable thermoelectric generators to power personal heating garments: A numerical study. IOP Conference Series: Earth and Environmental Science.Techno-economic assessment of the horizontal geothermal heat pump systems: A comprehensive review
Cui, Yuanlong, Jie, Zhu, Ssennoga, Twaha, Junze, Chu, Hongyu, Bai, Xiangjie, Chen, Stamatis, Zoras and Zohreh, Soleimani 2019. Techno-economic assessment of the horizontal geothermal heat pump systems: A comprehensive review. Energy Conversion and Management. https://doi.org/10.1016/j.enconman.2019.04.018Urban environment thermal improvement by the bioclimatic simulation of a populated open urban space in Greece.
Zoras, Stamatis 2013. Urban environment thermal improvement by the bioclimatic simulation of a populated open urban space in Greece. International Journal of Ambient Energy. https://doi.org/10.1080/01430750.2013.829787Experimental investigation of microclimatic conditions in relation to the built environment in a central urban area in Thessaloniki (Northern Greece): A case study.
Kantzioura, Athena, Kosmopoulos, Panos, Dimoudi, Argyro and Zoras, Stamatis 2015. Experimental investigation of microclimatic conditions in relation to the built environment in a central urban area in Thessaloniki (Northern Greece): A case study. Sustainable Cities and Society. https://doi.org/10.1016/j.scs.2015.03.006Operational precise irrigation for cotton cultivation through the coupling of meteorological and crop growth models.
Tsakmakis, Ioannis, Kokkos, Nikolaos, Pisinaras, Vassilios, Papaevangelou, Vasiliki, Hatzigiannakis, Evangelos, Arampatzis, George, Gikas, Georgios, D., Linker, Raphael, Zoras, Stamatis, Evagelopoulos, Vasilis, Tsihrintzis, Vassilios, A., Battilani, Adriano and Sylaios, Georgios 2016. Operational precise irrigation for cotton cultivation through the coupling of meteorological and crop growth models. Water Resources Management. https://doi.org/10.1007/s11269-016-1548-7Transformation of a university building into a zero energy building in Mediterranean climate.
Mytafides, Christos K., Dimoudi, Argyro and Zoras, Stamatis 2017. Transformation of a university building into a zero energy building in Mediterranean climate. Energy and Buildings. https://doi.org/10.1016/j.enbuild.2017.07.083The influence of bioclimatic urban redevelopment on outdoor thermal comfort.
Karakounos, Ioannis, Dimoudi, Argyro and Zoras, Stamatis 2017. The influence of bioclimatic urban redevelopment on outdoor thermal comfort. Energy and Buildings. https://doi.org/10.1016/j.enbuild.2017.11.035Micro- climate adaptation of whole building energy simulation in large complexes.
Zoras, Stamatis, Veranoudis, Sotiris and Dimoudi, Argyro 2017. Micro- climate adaptation of whole building energy simulation in large complexes. Energy and Buildings. https://doi.org/10.1016/j.enbuild.2017.05.060Use of cool materials and other bioclimatic interventions in outdoor places in order to mitigate the urban heat island in a medium size city in Greece
Dimoudi, Argyro, Zoras, Stamatis, Kantzioura, A., Stogiannou, X., Kosmopoulos, Panagiotis and Pallas, C. 2014. Use of cool materials and other bioclimatic interventions in outdoor places in order to mitigate the urban heat island in a medium size city in Greece. Sustainable Cities and Society. https://doi.org/10.1016/j.scs.2014.04.003Evaluation of the application of cool materials in urban spaces: A case study in the center of Florina
Zoras, Stamatis, Tsermentselis, Antonios, Kosmopoulos, Panagiotis and Dimoudi, Argyro 2014. Evaluation of the application of cool materials in urban spaces: A case study in the center of Florina. Sustainable Cities and Society. https://doi.org/10.1016/j.scs.2014.01.007