TY - GEN
T1 - Reimbursement of PV System Deploy
T2 - 4th IEEE International Conference on Renewable Energy and Power Engineering, REPE 2021
AU - Pouabe Eboule, Patrick S.
AU - Boitumelo, Mokoena
AU - Pretorius, Jan Harm C.
N1 - Publisher Copyright:
© 2021 IEEE.
PY - 2021
Y1 - 2021
N2 - For almost a decade, the deployment of PV systems has been gaining ground worldwide, but in South Africa, many citizens and investors are still resisting the trend due to the high costs of installation and the materials. Usually, to convince investors in this domain, researchers will evaluate the return of investment of the PV system. However, their evaluation is often based on the data collected online and provided by the PV manufacturer. This study based on an existing grid of a south african industry located in Midrand has helped compare its new grid with the old ones and evaluate the profitability in terms of cost after a certain number of years. The newly installed system is characterized by the electrical power installation of 998 kW with energy storage of 140 kW. The data used were collected after the commissioning of the micro-grid. The obtained results show that in less than ten years from the date of commissioning, the company will have had a return its investment with a surplus of approximately equal to US567 84.47.
AB - For almost a decade, the deployment of PV systems has been gaining ground worldwide, but in South Africa, many citizens and investors are still resisting the trend due to the high costs of installation and the materials. Usually, to convince investors in this domain, researchers will evaluate the return of investment of the PV system. However, their evaluation is often based on the data collected online and provided by the PV manufacturer. This study based on an existing grid of a south african industry located in Midrand has helped compare its new grid with the old ones and evaluate the profitability in terms of cost after a certain number of years. The newly installed system is characterized by the electrical power installation of 998 kW with energy storage of 140 kW. The data used were collected after the commissioning of the micro-grid. The obtained results show that in less than ten years from the date of commissioning, the company will have had a return its investment with a surplus of approximately equal to US567 84.47.
KW - Business strategy
KW - PV System
KW - project management
KW - renewable power generation
UR - http://www.scopus.com/inward/record.url?scp=85123504353&partnerID=8YFLogxK
U2 - 10.1109/REPE52765.2021.9617113
DO - 10.1109/REPE52765.2021.9617113
M3 - Conference contribution
AN - SCOPUS:85123504353
T3 - 2021 IEEE 4th International Conference on Renewable Energy and Power Engineering, REPE 2021
SP - 345
EP - 349
BT - 2021 IEEE 4th International Conference on Renewable Energy and Power Engineering, REPE 2021
PB - Institute of Electrical and Electronics Engineers Inc.
Y2 - 9 October 2021 through 11 October 2021
ER -