Measurement of economic feasibility of photovoltaic power plants - application to Turkey

Date

2018-11-05

Author

Karaveli, Abdullah Bugrahan
Akınoğlu, Bülent Gültekin
Soytaş, Uğur

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

211
views

0
downloads

Photovoltaic (PV) technology has reached a competitive level owing to high learning rate and technological advance. It is now a feasible technology however its feasibility varies with many parameters such as: location where PV Power Plant (PV PP) is installed, its technology, economic and social state of the country and even the unpredictable future events. In short, it depends on the cost and revenue and so the legislation, incentives, market situation, climate of the location together with solar irradiation exposure. This study questions the differences in the feasibilities of PV PP installments in two Turkish cities by using Economic Feasibility Concept (EFC) a concept developed by the authors of this study. EFC includes the calculations of newly defined parameters: levelized revenue of electricity (LROE), levelized profitability of electricity (LPOE) and net feasibility measure (NFM). They are analyzed together with the well-known parameter levelized cost of electricity (LCOE). A 1 MWs of PV PP is simulated in two cities Antalya and Ordu, and its feasibility dependence on the location is determined. The results of economics feasibility analysis yield NFM result of 2.10 for Antalya while a quite low value of 1.43 has been determined for Ordu. Consequently, it can be inferred that going from North to South NF increases; in any case however, North (Ordu) is also feasible while South (Antalya) is highly feasible.

Subject Keywords

LCOE, Net feasibility, Photovoltaics, LROE, LPOE

URI

https://hdl.handle.net/11511/34573

DOI

https://doi.org/10.1109/pvcon.2018.8523967

Collections

Department of Physics, Conference / Seminar

Suggestions

OpenMETU
Core

Analysis of the first perc type cell fabricated in GUNAM photovoltaic line (GPVL) Es, Fırat; Semiz, Emel; Orhan, Efe; Genç, Ezgi; Kökbudak, Gamze; Baytemir, Gülsen; Turan, Raşit (Middle East Technical University; 2018-07-06) PERC concept with an already developed roadmap for 24% production efficiency will be leading the photovoltaics industry in the upcoming years. In a few industrial pilot lines, efficiencies above 22% have already been attained. Pilot lines have important roles in bridging lab scale proven concepts with the products which are ready for mass production. Therefore, GUNAM Photovoltaic Line which is specialized on PERC concepts has been established to overcome the barriers that hinder the performance of c-Si sola...
Optimal sizing of stand-alone photovoltaic systems in residential buildings Okoye, Chiemeka Onyeka; Solyali, Oguz (2017-05-01) Solar photovoltaic (PV) system is one of the matured solar-to-electricity conversion technologies with a great potential for residential applications. For wider adoption of PV systems, there is a need for an accurate sizing and economic assessment tool to inform decision makers. In this study, we propose a new optimization model based on integer programming for the adoption of stand-alone PV systems in the residential sector. The proposed model not only determines the optimal number of PV modules and batter...
Clean coal and carbon capture and storage technology roadmap of Turkey Vural, Aslı; Kök, Mustafa Verşan; Department of Petroleum and Natural Gas Engineering (2010) The present study presents a draft national CCT (Clean Coal Technologies) and CCS (Carbon Capture and Storage) technology roadmap to policy makers. Various technical and non-technical (economic and social) challenges that currently prevent CCT and CCS from being a widely used commercial technology are discussed and the goals for each research pathway are defined. The process of creating the roadmap started with a review and assessment of the existing national and international technology roadmaps which repr...
Investigation of flow and heat transfer behavior of integrated pin fin-aluminum foam heat sink ŞAHİN, Yiğit Serkan; TOPRAK, Beytullah İsmet; SOLMAZ, İsmail; Bayer, Özgür (2023-01-01) With the rapid development in the electronics industry, the thermal management of high power density elec-tronic products (HPDEPs) has become very important and requires innovative heat removal technologies. In this study, an integrated heat sink (IHS) fabricated by combining aluminum foam and pin-finned heat sink config-urations that are frequently used in the cooling of electronic products has been proposed as an effective solution for the thermal management of HPDEPs. The heat removal and pressure drop c...
Evaluation of Turkey’s status using energy indicators for sustainable development and sustainability assessment of a hydropower project : a case study of Çetin Dam and HEPP Vural Özünlü, Berna; Kentel Erdoğan, Elçin; Department of Civil Engineering (2013) One of the crucial problems of the new millennium is increasing energy demand due to development of technology. This energy demand is supplied by new power plants all over the world. In our time, just generating energy is not sufficient; it has to be realized in a sustainable manner from domestic resources as well. Any type of renewable energy that supports healthy environment, economic wealth, and social justice simultaneously for today’s usage without compromising future generations’ well-being and qualit...

Citation Formats

A. B. Karaveli, B. G. Akınoğlu, and U. Soytaş, “Measurement of economic feasibility of photovoltaic power plants - application to Turkey,” 2018, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/34573.