Economic Evaluation of PV Installations for Self-Consumption in Industrial Parks
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2021-01-30
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Abstract
This paper presents an analysis of the economic performance of photovoltaic (PV) selfconsumption 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.
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Publisher Copyright: © 2021 by the authors. Licensee MDPI, Basel, Switzerland.
Keywords
Photovoltaics , Legislation , Renewable energy , Industrial parks , Sustainability , Self-consumption , LCC , Photovoltaics , Legislation , Renewable energy , Industrial parks , Sustainability , Self-consumption , LCC , Renewable Energy, Sustainability and the Environment , Fuel Technology , Engineering (miscellaneous) , Energy Engineering and Power Technology , Energy (miscellaneous) , Control and Optimization , Electrical and Electronic Engineering , SDG 7 - Affordable and Clean Energy , SDG 13 - Climate Action , Project ID , info:eu-repo/grantAgreement/EC/H2020/785134/EU/Envisioning and Testing New Models of Sustainable Energy Cooperation and Services in Industrial Parks/S-PARCS , info:eu-repo/grantAgreement/EC/H2020/785134/EU/Envisioning and Testing New Models of Sustainable Energy Cooperation and Services in Industrial Parks/S-PARCS , Funding Info , The work described in this article was partially funded by S-PARCS project, European Union’s Horizon 2020 research and innovation program under grant agreement Number 785134. , The work described in this article was partially funded by S-PARCS project, European Union’s Horizon 2020 research and innovation program under grant agreement Number 785134.
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Pedrero , J , Hernández , P & Martínez , Á 2021 , ' Economic Evaluation of PV Installations for Self-Consumption in Industrial Parks ' , Energies , vol. 14 , no. 3 , 728 , pp. 728 . https://doi.org/10.3390/en14030728