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Economic feasibility of developing grid-connected photovoltaic plants in the southern coast of Iran

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  • Mohammadi, Kasra
  • Naderi, Mahmoud
  • Saghafifar, Mohammad

Abstract

In this study, the potential of developing 5 MW gird-connected PV power plants in eight selected cities in the southern coast of Iran is evaluated from technical, financial and environmental viewpoints. Different sun-tracking modes including fixed tilt, 1-axis and 2-axis systems are investigated. A sensitivity analysis is conducted to examine the impact of different important parameters and identify when investment is more profitable. The results demonstrate that development of proposed PV plants is very promising in all cities and using 1-axis tracking system is the most economical option. Under current guaranteed feed-in tariff (FIT) in Iran, the levelized cost of electricity for fixed tilt, 1-axis and 2-axis tracking modes PV plants for all cities are obtained in the range of 112.3–125.6 $/MWh, 103.0–117.3 $/MWh and 107.2–122.5 $/MWh, respectively. The analysis shows that other financial incentives such as a bank loan and carbon credit substantially improve the economic attractiveness of the project. The calculated CO2 emission abatement and external cost saving due to employment of the PV plants demonstrate that the proposed PV projects have appealing environmental benefits. This study shows that the southern coast of Iran has a huge potential and actual market opportunities for investors to develop grid-connected PV projects.

Suggested Citation

  • Mohammadi, Kasra & Naderi, Mahmoud & Saghafifar, Mohammad, 2018. "Economic feasibility of developing grid-connected photovoltaic plants in the southern coast of Iran," Energy, Elsevier, vol. 156(C), pages 17-31.
    • Handle: RePEc:eee:energy:v:156:y:2018:i:c:p:17-31
    DOI: 10.1016/j.energy.2018.05.065
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    Cited by:

    1. Youssef Kassem & Hüseyin Çamur & Ramzi Aateg Faraj Aateg, 2020. "Exploring Solar and Wind Energy as a Power Generation Source for Solving the Electricity Crisis in Libya," Energies, MDPI, vol. 13(14), pages 1-29, July.
    2. Bey, M. & Hamidat, A. & Nacer, T., 2021. "Eco-energetic feasibility study of using grid-connected photovoltaic system in wastewater treatment plant," Energy, Elsevier, vol. 216(C).
    3. Ferdinando Chiacchio & Fabio Famoso & Diego D’Urso & Luca Cedola, 2019. "Performance and Economic Assessment of a Grid-Connected Photovoltaic Power Plant with a Storage System: A Comparison between the North and the South of Italy," Energies, MDPI, vol. 12(12), pages 1-25, June.
    4. Tekai Eddine Khalil Zidane & Mohd Rafi Adzman & Mohammad Faridun Naim Tajuddin & Samila Mat Zali & Ali Durusu & Saad Mekhilef, 2020. "Optimal Design of Photovoltaic Power Plant Using Hybrid Optimisation: A Case of South Algeria," Energies, MDPI, vol. 13(11), pages 1-28, June.
    5. Tariq, Rasikh & Xamán, J. & Bassam, A. & Ricalde, Luis J. & Soberanis, M.A. Escalante, 2020. "Multidimensional assessment of a photovoltaic air collector integrated phase changing material considering Mexican climatic conditions," Energy, Elsevier, vol. 209(C).
    6. Armin Razmjoo & Arezoo Ghazanfari & Poul Alberg Østergaard & Sepideh Abedi, 2023. "Design and Analysis of Grid-Connected Solar Photovoltaic Systems for Sustainable Development of Remote Areas," Energies, MDPI, vol. 16(7), pages 1-21, March.
    7. Natalia Iwaszczuk & Mariusz Trela, 2021. "Analysis of the Impact of the Assumed Moment of Meeting Total Energy Demand on the Profitability of Photovoltaic Installations for Households in Poland," Energies, MDPI, vol. 14(6), pages 1-15, March.
    8. Heidari, Mohammad Reza & Heravi, Gholamreza, 2024. "Development of flexible supportive policy with real options for renewable energy projects: Case of photovoltaic systems," Renewable Energy, Elsevier, vol. 225(C).
    9. Tefera Mekonnen & Ramchandra Bhandari & Venkata Ramayya, 2021. "Modeling, Analysis and Optimization of Grid-Integrated and Islanded Solar PV Systems for the Ethiopian Residential Sector: Considering an Emerging Utility Tariff Plan for 2021 and Beyond," Energies, MDPI, vol. 14(11), pages 1-24, June.
    10. Eslami, M. & Nahani, P., 2021. "How policies affect the cost-effectiveness of residential renewable energy in Iran: A techno-economic analysis for optimization," Utilities Policy, Elsevier, vol. 72(C).
    11. Hamza S. Abdalla Lagili & Aşkın Kiraz & Youssef Kassem & Hüseyin Gökçekuş, 2023. "Wind and Solar Energy for Sustainable Energy Production for Family Farms in Coastal Agricultural Regions of Libya Using Measured and Multiple Satellite Datasets," Energies, MDPI, vol. 16(18), pages 1-53, September.
    12. Angel L. Cedeño & Reinier López Ahuar & José Rojas & Gonzalo Carvajal & César Silva & Juan C. Agüero, 2022. "Model Predictive Control for Photovoltaic Plants with Non-Ideal Energy Storage Using Mixed Integer Linear Programming," Energies, MDPI, vol. 15(17), pages 1-21, September.
    13. Rômulo de Oliveira Azevêdo & Paulo Rotela Junior & Luiz Célio Souza Rocha & Gianfranco Chicco & Giancarlo Aquila & Rogério Santana Peruchi, 2020. "Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments," Sustainability, MDPI, vol. 12(17), pages 1-40, September.
    14. Youssef Kassem & Hüseyin Çamur & Salman Mohammed Awadh Alhuoti, 2020. "Solar Energy Technology for Northern Cyprus: Assessment, Statistical Analysis, and Feasibility Study," Energies, MDPI, vol. 13(4), pages 1-29, February.
    15. Aziz, Ali Saleh & Tajuddin, Mohammad Faridun Naim & Adzman, Mohd Rafi & Mohammed, Mohd Fayzul & Ramli, Makbul A.M., 2020. "Feasibility analysis of grid-connected and islanded operation of a solar PV microgrid system: A case study of Iraq," Energy, Elsevier, vol. 191(C).
    16. Akbar Maleki & Zahra Eskandar Filabi & Mohammad Alhuyi Nazari, 2022. "Techno-Economic Analysis and Optimization of an Off-Grid Hybrid Photovoltaic–Diesel–Battery System: Effect of Solar Tracker," Sustainability, MDPI, vol. 14(12), pages 1-20, June.
    17. Yazdani, Hamed & Yaghoubi, Mahmood, 2021. "Techno-economic study of photovoltaic systems performance in Shiraz, Iran," Renewable Energy, Elsevier, vol. 172(C), pages 251-262.
    18. Tanoto, Yusak, 2023. "Cost-reliability trade-offs for grid-connected rooftop PV in emerging economies: A case of Indonesia's urban residential households," Energy, Elsevier, vol. 285(C).
    19. Youssef Kassem & Hüseyin Gökçekuş & Ali Güvensoy, 2021. "Techno-Economic Feasibility of Grid-Connected Solar PV System at Near East University Hospital, Northern Cyprus," Energies, MDPI, vol. 14(22), pages 1-27, November.
    20. Piotr Olczak & Małgorzata Olek & Dominika Matuszewska & Artur Dyczko & Tomasz Mania, 2021. "Monofacial and Bifacial Micro PV Installation as Element of Energy Transition—The Case of Poland," Energies, MDPI, vol. 14(2), pages 1-22, January.
    21. Attia, Ahmed M. & Al Hanbali, Ahmad & Saleh, Haitham H. & Alsawafy, Omar G. & Ghaithan, Ahmed M. & Mohammed, Awsan, 2021. "A multi-objective optimization model for sizing decisions of a grid-connected photovoltaic system," Energy, Elsevier, vol. 229(C).

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