TY - GEN
T1 - An economic feasibility analysis of photovoltaic battery technology implementation
AU - Satoglu, Sule Itir
AU - Onbasli, Mehmet Cengiz
PY - 2012
Y1 - 2012
N2 - Solar energy has been tried to be exploited more extensively due to the need of more economic and sustainable energy resources. In this context, photovoltaic (PV) technology is based on conversion of solar energy into the electricity, using state-of-the-art semiconductor materials. In this study, an economic feasibility analysis of a grid-connected utility scale PV system is conducted for a facility located in Adana, Turkey. Many parameters of the system design are uncertain. For this reason, a risk analysis of the levelized cost of electricity (LCOE) of this system is conducted based on the Monte Carlo simulation. Simulations were conducted for a distribution of each of the annual insolation, the degradation rate of each system, the real discount rate, and the operations and maintenance costs; and the probability that the LCOE will be positive was estimated. Copyright, American Society for Engineering Management, 2012.
AB - Solar energy has been tried to be exploited more extensively due to the need of more economic and sustainable energy resources. In this context, photovoltaic (PV) technology is based on conversion of solar energy into the electricity, using state-of-the-art semiconductor materials. In this study, an economic feasibility analysis of a grid-connected utility scale PV system is conducted for a facility located in Adana, Turkey. Many parameters of the system design are uncertain. For this reason, a risk analysis of the levelized cost of electricity (LCOE) of this system is conducted based on the Monte Carlo simulation. Simulations were conducted for a distribution of each of the annual insolation, the degradation rate of each system, the real discount rate, and the operations and maintenance costs; and the probability that the LCOE will be positive was estimated. Copyright, American Society for Engineering Management, 2012.
UR - http://www.scopus.com/inward/record.url?scp=84883353931&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:84883353931
SN - 9781627482820
T3 - Annual International Conference of the American Society for Engineering Management 2012, ASEM 2012 - Agile Management: Embracing Change and Uncertainty in Engineering Management
SP - 246
EP - 250
BT - Annual International Conference of the American Society for Engineering Management 2012, ASEM 2012 - Agile Management
T2 - 33rd Annual International Conference of the American Society for Engineering Management 2012, ASEM 2012 - Agile Management: Embracing Change and Uncertainty in Engineering Management
Y2 - 17 October 2012 through 20 October 2012
ER -
