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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

Author

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  • Ferdinando Chiacchio

    (Department of Electrical, Electronical and Computer Engineering, University of Catania, Viale Andrea Doria 6, 95025 Catania, Italy)

  • Fabio Famoso

    (Department of Civil Engineering and Architecture, University of Catania, Viale Andrea Doria 6, 95025 Catania, Italy)

  • Diego D’Urso

    (Department of Electrical, Electronical and Computer Engineering, University of Catania, Viale Andrea Doria 6, 95025 Catania, Italy)

  • Luca Cedola

    (Department of Mechanical and Aerospace Engineering, University of Rome, Via Eudossiana 18, 00184 Roma, Italy)

Abstract

Grid-connected low voltage photovoltaic power plants cover most of the power capacity installed in Italy. They offer an important contribution to the power demand of the utilities connected but, due to the nature of the solar resource, the night-time consumption can be satisfied only withdrawing the energy by the national grid, at the price of the energy distributor. Thanks to the improvement of storage technologies, the installation of a system of battery looks like a promising solution by giving the possibility to increase auto-consumption dramatically. In this paper, a model-based approach to analyze and discuss the performance and the economic feasibility of grid-connected domestic photovoltaic power plants with a storage system is presented. Using as input to the model the historical series (2008–2017) of the main ambient variables, the proposed model, based on Stochastic Hybrid Fault Tree Automaton, allowed us to simulate and compare two alternative technical solutions characterized by different environmental conditions, in the north and in the south of Italy. The performances of these systems were compared and an economic analysis, addressing the convenience of the storage systems was carried out, considering the characteristic useful-life time, 20 years, of a photovoltaic power plant. To this end the Net Present Value and the payback time were evaluated, considering the main characteristics of the Italian market scenario.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:12:p:2356-:d:241244
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    References listed on IDEAS

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    4. D’Adamo, Idiano & Falcone, Pasquale Marcello & Gastaldi, Massimo & Morone, Piergiuseppe, 2020. "The economic viability of photovoltaic systems in public buildings: Evidence from Italy," Energy, Elsevier, vol. 207(C).
    5. Barbara, Christian Enrico & D Adamo, Idiano & Gastaldi, Massimo & Nizami, Abdul Sattar, 2024. "Clean energy for a sustainable future: Analysis of a PV system and LED bulbs in a hotel," Energy, Elsevier, vol. 299(C).
    6. D'Adamo, Idiano & Gastaldi, Massimo & Morone, Piergiuseppe, 2022. "Solar collective self-consumption: Economic analysis of a policy mix," Ecological Economics, Elsevier, vol. 199(C).
    7. Idiano D’Adamo & Massimo Gastaldi & Piergiuseppe Morone, 2020. "Dataset for Assessing the Economic Performance of a Residential PV Plant: The Analysis of a New Policy Proposal," Data, MDPI, vol. 5(4), pages 1-5, October.
    8. Juan Antonio Ballesteros-Gallardo & Angel Arcos-Vargas & Fernando Núñez, 2021. "Optimal Design Model for a Residential PV Storage System an Application to the Spanish Case," Sustainability, MDPI, vol. 13(2), pages 1-26, January.
    9. 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.
    10. D'Adamo, Idiano & Gastaldi, Massimo & Morone, Piergiuseppe & Ozturk, Ilhan, 2022. "Economics and policy implications of residential photovoltaic systems in Italy's developed market," Utilities Policy, Elsevier, vol. 79(C).
    11. Famoso, Fabio & Brusca, Sebastian & D'Urso, Diego & Galvagno, Antonio & Chiacchio, Ferdinando, 2020. "A novel hybrid model for the estimation of energy conversion in a wind farm combining wake effects and stochastic dependability," Applied Energy, Elsevier, vol. 280(C).
    12. D'Adamo, Idiano & Gastaldi, Massimo & Morone, Piergiuseppe, 2022. "The impact of a subsidized tax deduction on residential solar photovoltaic-battery energy storage systems," Utilities Policy, Elsevier, vol. 75(C).
    13. D'Adamo, Idiano & Mammetti, Marco & Ottaviani, Dario & Ozturk, Ilhan, 2023. "Photovoltaic systems and sustainable communities: New social models for ecological transition. The impact of incentive policies in profitability analyses," Renewable Energy, Elsevier, vol. 202(C), pages 1291-1304.
    14. Ana Rita Silva & Ana Estanqueiro, 2022. "From Wind to Hybrid: A Contribution to the Optimal Design of Utility-Scale Hybrid Power Plants," Energies, MDPI, vol. 15(7), pages 1-19, April.

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