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result(s) for
"feasibility analysis"
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Comparative Economic Analysis of Solar PV and Reused EV Batteries in the Residential Sector of Three Emerging Countries—The Philippines, Indonesia, and Vietnam
by
Kyung Nam Kim
,
Hong Eun Moon
,
Yoon Hee Ha
in
Air quality management
,
Alternative energy sources
,
Automobiles, Electric
2023
An emerging problem associated with the increased global demand for electric vehicles (EVs) is the post-use of lithium-ion batteries installed in them. Discarded batteries maintain 70–80% of their performance; thus, they are highly valuable recycling resources. Accordingly, technologies that complement the intermittency of renewable energy by integrating discarded EV batteries into battery energy storage systems (BESSs) are receiving attention. Here, the economic feasibility of a residential solar photovoltaic (PV) + reused BESS (RBESS) integrated system in three emerging countries (Philippines, Indonesia, and Vietnam) was analyzed by comparing its performance with that of diesel power generation and central grid-supplied power. The proposed system had a higher economic feasibility than diesel power generation (55.9% lower LCOE) but a lower economic feasibility than the central grid-supplied power (282.7% higher LCOE) in all three countries. Additionally, we conducted a sensitivity analysis by incorporating the investment cost, government subsidy, and social cost of greenhouse gas emissions. In conclusion, the Philippines is the best country for grid parity with the integrated system, following Indonesia and Vietnam. This study examined both the economic and social benefits of the proposed system as a countermeasure to climate change and the virtuous resource cycle.
Journal Article
A simulated case study of a library in Brazil to improve energy efficiency
by
Gamarra, Melanie Gissel Urdangarín
,
Siqueira, Jair Antonio Cruz
,
Pereira, Fabyo Luiz
in
Air conditioning
,
Air conditioning equipment
,
building simulation; energy-saving; mini-split air-conditioner; vrf; solar control films; feasibility analysis
2020
The aim of this study is to quantify the energy savings of a library in the city of Foz do Iguaçu/Brazil, through simulations in EnergyPlus. Due to the great participation of air conditioning in the electric consumption of the building under study, the following proposals were studied: the exchange of the current split air conditioning units by a Variable Refrigerant Flow (VRF) system; the application of solar control films on the glasses; and both options together. The methodology followed these steps: firstly, it was simulated the current electricity consumption and the results were validated with real measures; secondly, the retrofitting measures were sized and implemented in the program and the energy savings were quantified; finally, an economic analysis was performed in order to determine the feasibility of the proposals. As a result, the VRF system showed an annual saving in air-conditioning of 42.08% related to the mini-split system. The annual electricity savings were 32.01, 2.14 and 32.80% for the VRF, solar control films, and both options together, respectively. The feasibility analysis of the VRF, considering financing and for a scenario consistent with the historical average growth of the electricity prices and inflation rate, showed that the use of a VRF instead of the splits units recovers the initial investment in 14 years. The application of solar control films proved to be economically unfeasible.
Journal Article
Economic feasibility analysis and optimization of hybrid renewable energy systems for rural electrification in Peru
by
Marchesi Renzo
,
Najafi Behzad
,
Moghaddampoor Farzad
in
Alternative energy
,
Capital
,
Capital costs
2021
The majority of rural communities in developing countries (such as Peru) are not connected to the electrical grid. Hybrid energy production from available renewable resources (e.g., wind and solar) and diesel engines is considered as an economically viable and environmentally friendly alternative for electrification in these areas. Motivated by the lack of a comprehensive investigation dedicated to the techno-economic analysis of hybrid systems (PV–wind–diesel) for off-grid electrification in Peru, the present work is focused on determining the optimal configuration of these systems for remote Peruvian villages. Three small communities without access to the grid (Campo serio, El potrero, and Silicucho), which are located in different climatic zones of Peru, have been accordingly selected as case studies. Seven different configurations including single component systems (solar, wind, and diesel) and hybrid ones are considered. While taking into account the meteorological data and load characteristics of the communities along with the diesel fuel’s price and the cost of components, HOMER software is utilized to determine the optimal sizing of the system [resulting in the lowest net present cost (NPC)] considering different scenarios. The obtained configurations are then compared considering other state-of-the-art economic indices [initial capital cost, total annual operating cost, and the cost of energy (COE)], the generation fractions, and the resulting CO2 emissions. The obtained results have revealed that, for all of the investigated communities, the hybrid solar–wind–diesel system is the most economically viable scenario. Considering the latter scenario, the obtained optimal configuration leads to an NPC of USD 227,335 (COE: 0.478 USD/kWh) for Campo serio, USD 183,851 (COE: 0.460 USD/kWh) for El potrero, and USD 146,583 (COE: 0.504 USD/kWh) for Silicucho. Furthermore, employing the optimal configurations a renewable fraction (with respect to the total generation) of 94% is obtained for Campo serio and Silicucho, while the achieved renewable fraction for El potrero is 97%. Moreover, for the case of Campo serio, the resulting CO2 emission of the obtained optimal system is determined to be 6.1% of that of a diesel-only unit, while the latter ratio is determined to be 2.7% for El potrero and 9.9% for that of Silicucho. The optimal configurations that are obtained and presented in the present paper can be utilized as guideline for designing electrification systems (with a minimized cost) for the considered communities and other villages with similar characteristics (population and climatic conditions).Graphic abstract
Journal Article
Feasibility analysis for floating offshore wind energy
by
Avossa, Alberto Maria
,
Picozzi, Vincenzo
,
Maienza, Carmela
in
Accuracy
,
Bathymetry
,
Cost analysis
2022
PurposeThe assessment of the economic feasibility of floating offshore wind farms (FOWFs) plays an important role in the future possible spreading of this challenging technology in the wind power industry. The use of specific economic analyses is fundamental to point out the potential of FOWFs and to sustain their technical value. Within this topic, the implementation of the FOWF life cycle cost model and producibility analysis in a geographic information system is developed, with the aim of carrying out a feasibility analysis at the territorial scale, for different types of floater. Moreover, a simplified model for a quick life cycle cost assessment is proposed and calibrated.MethodsThe available cost model is first validated comparing the costs of FOWFs based on different floaters (Semi-Submersible Platform—SSP, Spar Buoy—SB and Tension Leg Platform—TLP) with corresponding results available in the literature. Then, it is implemented in QGIS to be used for territorial-scale analyses and sensitivity analyses of the cost parameters. A feasibility analysis is developed through the main financial parameters. Finally, the results are then used to calibrate a simplified version of the cost model that depends on three main parameters, namely distance to shore, distance from the port of operation and bathymetry.Results and discussionThe FOWF cost values are found to be in good agreement with those coming from analytical methods similar to the one from the authors. However, some discrepancies with those based on average costs are observed. Then, the results of the sensitivity analysis are presented as life cycle cost maps, giving an overall picture of the variation of the total cost of FOWF installations on a reference domain. The results show that among the three types of floaters considered here, the SSP proved to be the most promising one, giving lower costs than the SB and the TLP. Moreover, a good agreement between the results in terms of total cost of FOWFs calculated with the analytical and simplified models for SSPs, SBs and TLPs is observed. Finally, the feasibility analysis showed that the financial parameters are more influenced by the wind speed than by the cost of the farm.ConclusionsThe paper aims to provide guidance on how to carry out feasibility analyses of a specific site for FOWF installation, thus supporting decision-making procedures. The approach and the results presented here are meant for use in the early stage of the decision-making process, as a tool for the assessment of the economic feasibility of FOWFs installation.
Journal Article
A study of techno-economic feasibility analysis of solar photovoltaic (PV) power generation in the province of Adana in Turkey
2014
In this study, the examination of techno-economic feasibility analysis of a solar photovoltaic (PV) power generation were carried out by taken into account a PV power plant that has the capacity of 100 kWe as an example, in the province of Adana, Turkey. For this purpose, the technical characteristics of the PV array, the amount of electricity production, the cost of electricity production, investment and operating costs payback periods and the amount of CO2 emissions reduction were determined for the solar PV plant. By using the total area of 653.4 m2 PV cell, total 135,403 MWh of electricity was produced in the power plant. To this end, total 5 units of PV arrays were required with the surface area of 130.7 m2 each. In this case, the system efficiency was determined as 12.2%, the annual specific efficiency of the system was 1,352 kWh/kW and the amount of CO2 emissions reduction was obtained as 119,830 Mg/year. The payback period of the system was 7.8 years and the electricity production cost was 0.1400 TL (Turkish Liras)/kWh, respectively.
Journal Article
Assessing the Feasibility of Global Long-Term Mitigation Scenarios
by
Fricko, Oliver
,
Havlik, Petr
,
Bosetti, Valentina
in
Carbon
,
climate change mitigation
,
Economics
2017
This study explores the critical notion of how feasible it is to achieve long-term mitigation goals to limit global temperature change. It uses a model inter-comparison of three integrated assessment models (TIAM-Grantham, MESSAGE-GLOBIOM and WITCH) harmonized for socio-economic growth drivers using one of the new shared socio-economic pathways (SSP2), to analyse multiple mitigation scenarios aimed at different temperature changes in 2100, in order to assess the model outputs against a range of indicators developed so as to systematically compare the feasibility across scenarios. These indicators include mitigation costs and carbon prices, rates of emissions reductions and energy efficiency improvements, rates of deployment of key low-carbon technologies, reliance on negative emissions, and stranding of power generation assets. The results highlight how much more challenging the 2 °C goal is, when compared to the 2.5–4 °C goals, across virtually all measures of feasibility. Any delay in mitigation or limitation in technology options also renders the 2 °C goal much less feasible across the economic and technical dimensions explored. Finally, a sensitivity analysis indicates that aiming for less than 2 °C is even less plausible, with significantly higher mitigation costs and faster carbon price increases, significantly faster decarbonization and zero-carbon technology deployment rates, earlier occurrence of very significant carbon capture and earlier onset of global net negative emissions. Such a systematic analysis allows a more in-depth consideration of what realistic level of long-term temperature changes can be achieved and what adaptation strategies are therefore required.
Journal Article
Study on the New Combined Technology of Tungsten Dressing and Metallurgy and its Economic Feasibility Analysis
2014
Based on the existing problems in the tungsten beneficiation of Shizhuyuan polymetallic ore, we present a new combined technology of “iron removal by magnetic separation—desliming by flotation—scheelite and wolframite bulk flotation—high alkali autoclave leaching of tungsten rough concentrate” to increase the comprehensive utilization of tungsten resource. The results show that the tungsten flotation operation obtains the better indexes than the original process at the same point, and the WO3 recovery increases to 73% when the WO3 grade of rough concentrate is 30%. In hydrometallurgical operation, the leaching rate of WO3 is above 94%, decomposing tungsten mineralsa effectively and realizing the recycle of sodium hydroxide in the high alkali tungsten solution. The economic feasibility analysis point out this technology is recommended to be adopted when the WO3 grade of bulk concentrate is 30%, and the economic benefit of the new technology will reach the break-even point when the price of metallurgical products WO3 reaches 95,000 RMB/t.
Journal Article
Exploring Solar and Wind Energy as a Power Generation Source for Solving the Electricity Crisis in Libya
by
Kassem, Youssef
,
Çamur, Hüseyin
,
Aateg, Ramzi Aateg Faraj
in
large-scale grid-connected
,
Libya
,
NASA database
2020
The current study is focused on the economic and financial assessments of solar and wind power potential for nine selected regions in Libya for the first time. As the existing meteorological data, including wind speed and global solar radiation, are extremely limited due to the civil war in the country, it was therefore decided to use the NASA (National Aeronautics and Space Administration) database as a source of meteorological information to assess the wind and solar potential. The results showed that the country has huge solar energy potential compared to wind energy potential. Additionally, it is found that Al Kufrah is a suitable region for the future installation of the Photovoltaic (PV) power plant due to high annual solar radiation. Based on the actual wind speed analysis, Benghazi and Dernah are the best regions for large-scale wind farm installation in the future taking into account existing meteorological data limitations. The values of the wind power density in all regions are considerable and small-scale wind turbines can be used to generate electricity based on NASA average monthly wind data for 37 years (1982–2019). Moreover, this work aimed to evaluate the wind/PV systems technical and economically through RETScreen Expert (Version 6.0, CanmetENERGY Varennes Research Centre of Natural Resources Canada, Varennes, Canada). Focusing on the power supply crisis in the country, the potential of electricity production by 5 kW grid-connected residential/household rooftop PV in all regions is proposed and presented. Additionally, this paper evaluated a techno-economic analysis of the 50MW wind/PV system in suitable places. The performance of a 5 kW and 50 MW PV solar system with three PV technologies, namely mono-crystalline silicon, poly-crystalline silicon, and thin-film (CdTe), was also analyzed. The results demonstrated that the development of the wind/PV system in the selected regions is both technically and economically feasible. The outcomes of this study can help decision-makers in designing and installing PV power plants as an alternative source for the future.
Journal Article
Combining nadir and oblique UAV imagery to reconstruct quarry topography: methodology and feasibility analysis
by
Dubbini, Marco
,
Rossi, Paolo
,
Mancini, Francesco
in
3D reconstruction
,
accuracy assessments
,
Aerial photography
2017
The feasibility of unmanned-aerial-vehicle-based photogrammetry was assessed for the reconstruction of high-resolution topography and geomorphic features of quarries by nadir and off-nadir imagery. The test site was a quarry located in the rural area of Turi (Bari, southern Italy). Two processing scenarios were created. Nadir images were initially used, and images acquired with off-nadir angles were added. An accurate set of ground control points (GCPs) were surveyed for both georeferencing purposes and validation processes. In the reconstruction of the surfaces, an accuracy of a few centimeters was achieved in the final positioning of point clouds representing the main geometries of quarry environment. However, greatest differences were found along the edges or the lines characterized by sudden slope changes. To better understand such results, some characteristic quarry shapes depicted by both the scenarios were compared to those surveyed by a total station used as an independent benchmark technique. It allowed to define the benefits introduced by the joint use of nadir and oblique images in the delineation of quarry shapes, surface discontinuities and better descriptions of sub-vertical walls. Beside the evaluation of benefits introduced by use of oblique cameras, the effectiveness of the proposed methodology was also discussed with alternative technologies. Unmanned aerial platforms represent an effective solution, with the need for few accurate GCPs.
Journal Article
A New Evaluation System for Feasibility and Stability Analyses of Ultra-Large Salt Caverns Gas Storage
2024
Based on traditional evaluation indexes, i.e., displacement, volume shrinkage, and equivalent strain, a new safety evaluation system, including the dilatancy safety factor (DSF) of bedded salt rock and failure approach index (FAI), is proposed in this work. Taking the Jianghan gas storage as the engineering background, the feasibility and stability of ultra-large underground gas storages (UGSs) in the Jianghan plain are demonstrated through this evaluation system. A 3D numerical model is implemented based on geological survey results and mechanical parameters of the Jianghan salt district. Subsequently, preferred geometric diameter and operating parameters, including cavern diameter, allowable pressure range, gas production rate, safety pillar width, and operation mode, are determined through a wide range of simulations. Results show that the suitable diameter is 80 m, the allowable pressure range is 16–34 MPa, the reasonable gas production rate is 0.5–0.6 MPa/d; a safe pillar width should be 2–3 times the cavern diameter, and the preferred operating mode should be synchronous injection–production mode. The simulation results, showing a high consistency with the previous research results, indicate the effectiveness and reliability of the proposed evaluation system. This work provides an alternative solution for the safety assessment method and design purposes for the UGSs in bedded salt rock.HighlightsA new safety evaluation system for bedded salt cavern gas storage is proposed.A 3D geomechanical model of Jianghan salt cavern is implemented.The dilatancy boundary curves of bedded salt rock in China are presented.A complete set of operating parameters for Jianghan gas storage are optimized.
Journal Article