International Journal of Renewable Energy Development
Vol 1, No 3 (2012): October 2012

Design and Economic Analysis of a Photovoltaic System: A Case Study

Oko, COC (Unknown)
Diemuodeke, E.O (Unknown)
Omunakwe, E.O (Unknown)
Nnamdi, E (Unknown)



Article Info

Publish Date
30 Oct 2012

Abstract

This paper presents the design analysis of a photovoltaic (PV) system to power the CAD/CAM Laboratory at the Department of Mechanical Engineering, University of Port Harcourt. Life cycle cost and break-even point analyses are also carried out to assess the economic viability of the system. The unit cost of electricity for the designed PV system is high compared to the current unit cost of the municipally supplied electricity, but will be competitive with lowering cost of PV system components and favourable government policies on renewable energy. The approach and data provided are useful for designing solar systems in the area. The automated MS Excel spreadsheet developed could be used for the design and economic analyses of PV system in any other geographical region once the input data are sorted. Since about 90% of businesses in Nigeria currently own diesel generators, it is expected that future work should be devoted to the optimum combination of PV-Battery-Diesel system in electricity generation for optimum economic benefits to the country. Keywords: photovoltaic system design, renewable energy technology, solar energy economics

Copyrights © 2012






Journal Info

Abbrev

ijred

Publisher

Subject

Chemistry Energy

Description

The scope of journal encompasses: Photovoltaic technology, Solar thermal applications, Biomass, Wind energy technology, Material science and technology, Low energy Architecture, Geothermal energy, Wave and Tidal energy, Hydro power, Hydrogen Production Technology, Energy Policy, Socio-economic on ...