The economic feasibility analysis of generated photovoltaic energy in the USTO campus

摘要

The aim of this study is to analyze the economic impact of photovoltaic energy generation by a prospective campus microgrid to be installed at the University of Science and Technology (USTO). In this work, hourly solar irradiation and temperature data provided from the local weather office is used to study the distribution and duration of solar radiation over the campus. The generated solar photovoltaic energy is analyzed taking into account the economic aspects such as the photovoltaic system capital investment cost and the annual power generation cash flow. The installed power of the photovoltaic plant was calculated and the generated energy estimed. The feasility analysis shows a payback year of of 10,3, an internal rate of return of 5% and a profitability index of 1.