E3S Web Conf.
Volume 23, 2017World Renewable Energy Congress-17
|Number of page(s)||7|
|Section||7. Policy and Finance|
|Published online||20 November 2017|
Concise Approach for Determining the Optimal Annual Capacity Shortage Percentage using Techno-Economic Feasibility Parameters of PV Power System
a Energy and Building Research Center, Kuwait Institute for Scientific Research, Safat 13109, Kuwait
b Center of Research Excellence in Renewable Energy (CoRe-RE), Research Institute, King Fahd University of Petroleum and Minerals (KFUPM), Dhahran 31261, Saudi Arabia
c The School of Applied Physics, Faculty of Science and Technology, Universiti Kebangsaan Malaysia
d Solar Energy Research Institute, Universiti Kebangsaan Malaysia, 43600 Bangi, Selangor, Malaysia
* Corresponding author e-mail: firstname.lastname@example.org
PV power systems have been commercially available and widely used for decades. The performance of a reliable PV system that fulfils the expectations requires correct input data and careful design. Inaccurate input data of the techno-economic feasibility would affect the size, cost aspects, stability and performance of PV power system on the long run. The annual capacity shortage is one of the main input data that should be selected with careful attention. The aim of this study is to reveal the effect of different annual capacity shortages on the techno-economic feasibility parameters and determining the optimal value for Baghdad city location using HOMER simulation tool. Six values of annual capacity shortage percentages (0%, 1%, 2%, 3%, 4%, and 5%), and wide daily load profile range (10 kWh - 100 kWh) are implemented. The optimal annual capacity shortage is the value that always “wins” when each techno-economic feasibility parameter is at its optimal/ reasonable criteria. The results showed that the optimal annual capacity shortage that reduces significantly the cost of PV power system while keeping the PV system with reasonable technical feasibility is 3%. This capacity shortage value can be carried as a reference value in future works for Baghdad city location. Using this approach of analysis at other locations, annual capacity shortage can be always offered as a reference value for those locations.
Key words: PV power system / effect of different annual capacity shortages / techno-economic feasibility parameters / HOMER simulation tool / optimal annual capacity shortage
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (http://creativecommons.org/licenses/by/4.0/).
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