IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v57y2016icp540-549.html
   My bibliography  Save this article

Market financial analysis and cost performance for photovoltaic technology through international and national perspective with case study for Egypt

Author

Listed:
  • Shouman, Enas R.
  • El Shenawy, E.T.
  • Khattab, N.M.

Abstract

This paper presents the photovoltaic technology, the world’s market trends in the past few years and its future map till 2050. The paper shows the PV market development in the world in terms of cumulative installed PV capacity from 2000 to 2013 as actual PV installation in all the world in terms of total installed PV capacity (135GW), annual installed PV capacity (37GW) and PV electricity energy generated in each year. According to the forecast of global PV generation, China is expected to be the largest producer of PV electricity soon after 2020. By contrast, the United States’ share is expected to remain at about 15% starting 2020 onwards, while Europe’s share is expected to decrease constantly from 2015 to 2045. The paper also shows that almost all of the energy consumption in Egypt was met by oil and natural gas at 41% and 46% respectively. The remainder was supplied by coal and renewable energy sources. The current demand forecast expects a six percent demand growth per year over the next seven years. Egyptian Electric Holding Company is currently implementing new generation projects to produce 7000MW over the next few years. For the purpose of designing and sizing PV systems the paper presents the five relevant economic methods of financial analysis that are often used for making building investment decisions. These methods are payback analysis, net benefit analysis, saving-to-investment ratio, adjusted internal rate of return and life-cycle cost. In the same manner, the paper presents two case studies of the financial assessment analyzing PV systems in Egypt. The first case is relates to the on-grid PV 10MW power plant for different sites, while the second paper describes the finance analysis of a standalone off-grid PV system generating electricity to feed a residential house in rural area of Egypt.

Suggested Citation

  • Shouman, Enas R. & El Shenawy, E.T. & Khattab, N.M., 2016. "Market financial analysis and cost performance for photovoltaic technology through international and national perspective with case study for Egypt," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 540-549.
    • Handle: RePEc:eee:rensus:v:57:y:2016:i:c:p:540-549
    DOI: 10.1016/j.rser.2015.12.074
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032115014574
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2015.12.074?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. EL-Shimy, M., 2009. "Viability analysis of PV power plants in Egypt," Renewable Energy, Elsevier, vol. 34(10), pages 2187-2196.
    2. Nakata, Toshihiko & Kubo, Kazuo & Lamont, Alan, 2005. "Design for renewable energy systems with application to rural areas in Japan," Energy Policy, Elsevier, vol. 33(2), pages 209-219, January.
    3. Cormio, C. & Dicorato, M. & Minoia, A. & Trovato, M., 2003. "A regional energy planning methodology including renewable energy sources and environmental constraints," Renewable and Sustainable Energy Reviews, Elsevier, vol. 7(2), pages 99-130, April.
    4. Cai, Y.P. & Huang, G.H. & Yang, Z.F. & Lin, Q.G. & Tan, Q., 2009. "Community-scale renewable energy systems planning under uncertainty--An interval chance-constrained programming approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(4), pages 721-735, May.
    5. Shouman, Enas R. & Khattab, N.M., 2015. "Future economic of concentrating solar power (CSP) for electricity generation in Egypt," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 1119-1127.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Santibañez-Aguilar, José Ezequiel & Castellanos, Sergio & Flores-Tlacuahuac, Antonio & Shapiro, Benjamin B. & Powell, Douglas M. & Buonassisi, Tonio & Kammen, Daniel M., 2020. "Design of domestic photovoltaics manufacturing systems under global constraints and uncertainty," Renewable Energy, Elsevier, vol. 148(C), pages 1174-1189.
    2. Ahmad I. Elshamy & Engy Elshazly & Olugbenga Timo Oladinrin & Muhammad Qasim Rana & Rasha Said Abd el-Lateef & Seif Tarek El-Badry & Mahmoud Elthakaby & Ahmed M. R. Elbaz & Khaled Dewidar & Iman El-Ma, 2022. "Challenges and Opportunities for Integrating RE Systems in Egyptian Building Stocks," Energies, MDPI, vol. 15(23), pages 1-23, November.
    3. Hammad, Bashar & Al-Sardeah, Ali & Al-Abed, Mohammad & Nijmeh, Salem & Al-Ghandoor, Ahmed, 2017. "Performance and economic comparison of fixed and tracking photovoltaic systems in Jordan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 827-839.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yong Zeng & Yanpeng Cai & Guohe Huang & Jing Dai, 2011. "A Review on Optimization Modeling of Energy Systems Planning and GHG Emission Mitigation under Uncertainty," Energies, MDPI, vol. 4(10), pages 1-33, October.
    2. Dong, C. & Huang, G.H. & Cai, Y.P. & Liu, Y., 2012. "An inexact optimization modeling approach for supporting energy systems planning and air pollution mitigation in Beijing city," Energy, Elsevier, vol. 37(1), pages 673-688.
    3. Calvert, K. & Pearce, J.M. & Mabee, W.E., 2013. "Toward renewable energy geo-information infrastructures: Applications of GIScience and remote sensing that build institutional capacity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 416-429.
    4. Ahn, Joongha & Woo, JongRoul & Lee, Jongsu, 2015. "Optimal allocation of energy sources for sustainable development in South Korea: Focus on the electric power generation industry," Energy Policy, Elsevier, vol. 78(C), pages 78-90.
    5. Arnette, Andrew & Zobel, Christopher W., 2012. "An optimization model for regional renewable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 4606-4615.
    6. Li, Y.F. & Li, Y.P. & Huang, G.H. & Chen, X., 2010. "Energy and environmental systems planning under uncertainty--An inexact fuzzy-stochastic programming approach," Applied Energy, Elsevier, vol. 87(10), pages 3189-3211, October.
    7. Kim, Seunghyok & Koo, Jamin & Lee, Chang Jun & Yoon, En Sup, 2012. "Optimization of Korean energy planning for sustainability considering uncertainties in learning rates and external factors," Energy, Elsevier, vol. 44(1), pages 126-134.
    8. Koo, Jamin & Han, Kyusang & Yoon, En Sup, 2011. "Integration of CCS, emissions trading and volatilities of fuel prices into sustainable energy planning, and its robust optimization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 665-672, January.
    9. Chen, Yizhong & Lu, Hongwei & Li, Jing & Huang, Guohe & He, Li, 2016. "Regional planning of new-energy systems within multi-period and multi-option contexts: A case study of Fengtai, Beijing, China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 356-372.
    10. Connolly, D. & Lund, H. & Mathiesen, B.V. & Leahy, M., 2010. "A review of computer tools for analysing the integration of renewable energy into various energy systems," Applied Energy, Elsevier, vol. 87(4), pages 1059-1082, April.
    11. Park, Kyungtae & Shin, Dongil & Yoon, En Sup, 2011. "The cost of energy analysis and energy planning for emerging, fossil fuel power plants based on the climate change scenarios," Energy, Elsevier, vol. 36(5), pages 3606-3612.
    12. Hiremath, R.B. & Shikha, S. & Ravindranath, N.H., 2007. "Decentralized energy planning; modeling and application--a review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(5), pages 729-752, June.
    13. Baños, R. & Manzano-Agugliaro, F. & Montoya, F.G. & Gil, C. & Alcayde, A. & Gómez, J., 2011. "Optimization methods applied to renewable and sustainable energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 1753-1766, May.
    14. Jin, L. & Huang, G.H. & Fan, Y.R. & Wang, L. & Wu, T., 2015. "A pseudo-optimal inexact stochastic interval T2 fuzzy sets approach for energy and environmental systems planning under uncertainty: A case study for Xiamen City of China," Applied Energy, Elsevier, vol. 138(C), pages 71-90.
    15. Hamed Khodayar Sahebi & Siamak Hoseinzadeh & Hossein Ghadamian & Mohammad Hadi Ghasemi & Farbod Esmaeilion & Davide Astiaso Garcia, 2021. "Techno-Economic Analysis and New Design of a Photovoltaic Power Plant by a Direct Radiation Amplification System," Sustainability, MDPI, vol. 13(20), pages 1-18, October.
    16. Li, Y.P. & Huang, G.H. & Chen, X., 2011. "An interval-valued minimax-regret analysis approach for the identification of optimal greenhouse-gas abatement strategies under uncertainty," Energy Policy, Elsevier, vol. 39(7), pages 4313-4324, July.
    17. Jorge M. Llamas & David Bullejos & Manuel Ruiz de Adana, 2019. "Optimization of 100 MW e Parabolic-Trough Solar-Thermal Power Plants Under Regulated and Deregulated Electricity Market Conditions," Energies, MDPI, vol. 12(20), pages 1-23, October.
    18. Martín, Helena & de la Hoz, Jordi & Velasco, Guillermo & Castilla, Miguel & García de Vicuña, José Luís, 2015. "Promotion of concentrating solar thermal power (CSP) in Spain: Performance analysis of the period 1998–2013," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1052-1068.
    19. Yulei Xie & Linrui Wang & Guohe Huang & Dehong Xia & Ling Ji, 2018. "A Stochastic Inexact Robust Model for Regional Energy System Management and Emission Reduction Potential Analysis—A Case Study of Zibo City, China," Energies, MDPI, vol. 11(8), pages 1-24, August.
    20. Adenle, Ademola A., 2020. "Assessment of solar energy technologies in Africa-opportunities and challenges in meeting the 2030 agenda and sustainable development goals," Energy Policy, Elsevier, vol. 137(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:57:y:2016:i:c:p:540-549. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.