• Title/Summary/Keyword: Payback year

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Performance Evaluation Study of Solarwall-Photovoltaic Module to Generate Solar Electric Power (SWPV 태양 열-전기 복합생산 모듈 성능평가 연구)

  • Naveed Ahmed T;Kang E. C.;Lee E. J.
    • 한국신재생에너지학회:학술대회논문집
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    • 2005.06a
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    • pp.397-402
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    • 2005
  • Photovoltaic (PV) module can generate electricity using sunlight without causing any environmental degradation. Due to higher fossil fuel prices and environmental awareness, PV applications are becoming more popular as clean source of electricity generation. PV output is sensitive to the operating temperature and can be drastically affected in Building Integrated PV (BIPV) systems. PV Solarwall (SWPV) combination and PV systems have been evaluated in this study for improvement in electrical output and system costs. PV modules under forced ventilation. A 75W polycrystalline silicon PV module was fixed on SW in front of the ventilation fan as it was indicated to be the coolest position on the SW in phoenix simulations. The effectiveness of cooling by means of the forced ventilating air stream has been studied experimentally. The results indicate that there appears to be significant difference in temperature as well as electricity output comparing the SWPV and BIPV options. Electrical output power recovered is about $4\%$ during the typical day of the month of February. RETScreen(R) analysis of a 3kW PV system hypothetically located at Taegu has shown that with typical temperature reduction of $15^{{\circ}C$, it is possible to reduce the simple payback periods by one year. The work described in this paper may be viewed as an appraisal of a SWPV system based on its improved electrical and financial performances due to its ability to operate at relatively lower temperatures.

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An Economic Evaluation under Thailand Feed in Tariff of Residential Roof Top Photovoltaic Grid Connected System with Energy Storage for Voltage Stability Improving

  • Treephak, Kasem;Saelao, Jerawan;Patcharaprakiti, Nopporn
    • International Journal of Advanced Culture Technology
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    • v.3 no.1
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    • pp.120-128
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    • 2015
  • In this paper, Residential roof top photovoltaic system with 9.9 kW design is proposed. The system composed of 200 Watts solar array 33 panels connecting in series 10 strings and parallels 3 strings which have maximum voltage and current are 350 V and 23.8 A. The 10 kW sinusoidal grid-connected inverter with window voltage about 270-350 is selected to convert and transfer DC Power to AC Power at PCC (Point of Common Coupling) of power system following to utility standard. However the impact of fluctuation and uncertainty of weather condition of PV may decrease the voltage stability and voltage collapse of power system. In order to solve this problem the energy storage such 120 V 1200 Ah battery bank and 30 kVAR capacitor are designed for voltage stability control. The other expensed for installing the system such battery charger, cable, accessories and maintenance cost are concerned. The economic analysis by using investment from money loan with interest about 7% and use own money which loss income of deposit about 3% are calculated as 671,844 and 547,044 for PV system with energy storage and non energy storage respectively. The solar energy from PV is about 101,616 Bath per year which evaluated by using the value of $5kWh/m^2/day$ from average peak sun hour (PSH) of the Thailand and 6.96 Bath/kWh of Feed in Tariff Incentive. The payback periods of four scenarios are proposed follow as i) PV system with energy storage and use loan money is 15 years ii) PV system with no energy storage and use loan money is 10 years iii) PV system with energy storage and use deposit money is 9 years iv) PV system with energy storage and use deposit money is 7 years. In addition, the other scenarios of economic analysis such no FIT support and other type of economic analysis such NPV and IRR are proposed in this paper.

An Analysis on the Construction of Energy Exchange Network to Recover Waste Heat Energy in Pohang Steel Industrial Complex (포항철강산업단지 내부 폐열 회수를 위한 에너지 교환망 구축 방안 분석)

  • Lee, Gwang-Goo;Jung, In-Gyung;Chun, Hee-Dong
    • Clean Technology
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    • v.17 no.4
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    • pp.406-411
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    • 2011
  • A detailed database of waste heat is built to propose energy exchange networks to recover waste energy in Pohang Steel Industrial Complex. A visualized technique is used to figure out the status of waste heat energy and to suggest potential energy exchange networks. Several energy networks are proposed in terms of temperature level, the amount of available energy, distance, and construction cost. A simple economical assessment is applied to the energy exchange networks which have higher economic potential. Their average payback period is estimated to be 2.8 years. The total amount of energy saving by constructing the proposed energy exchange networks is 4,778 TOE per year. It corresponds to 11,160 ton $CO_2$ reduction with the assumption that the recycled waste energy replaces the use of LNG in energy-demanding companies.

VE.LCC Case Analysis on the Build-Transfer-Lease(BTL) Projects of School facility (학교시설 임대형민간투자사업(BTL)의 VE.LCC 사례 분석)

  • Lee, Do-Hyung;Park, Woo-Jin;Chu, Gook-Sik;Cho, Ki-Hoon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.143-148
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    • 2008
  • This study is VE LCC case analysis on two school BTL projects which is constructed by Private sector and rented to government. Then private sector payback their initial cost and profit by rental fee from government. The VE in Korea, revised by the method of the Construction Technique - Enforcement Ordinance in 2005 is applicable to construction business which size is over 10 billion won. The VE well known as a way of productivity elevation is already proven and outstanding management method In construction industry inside and outside of the courtly. As its unique personality of BTL business, VE workshop period is too short. There is a few accomplished BTL project and data base, because BTL business begun from year of 2006. So we are trying to proof effect of VE LCC through case study of school BTL projects.

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An Establishment of Greenhouse Gas Information System using Excel Spreadsheets (엑셀 스프레드시트를 활용한 온실가스 정보시스템 구축)

  • Lee, Hae-Jung;Chung, Young-Bae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.4
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    • pp.129-136
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    • 2017
  • Climate change is the biggest environmental issue of our times. A variety of activities to reduce greenhouse gas emissions have been in progress to observe the Kyoto Protocol. Especially, the Energy Target Scheme is created to reduce greenhouse emission with the supervision of Korean government. This includes Green-house Gas Information Systems to promote activities in the private sector to reduce green-house gas emissions, to cut a cost of energy use, and to reduce GHG emissions. Also, the system has calculated the amount of greenhouse gases. Without any additional investment, 2.75% savings are increased over the previous year. In service sector, a cooperation of customers and employees is necessary. A reduction of GHG emissions requires a proper service organization, considering an amount of investment and payback period. Without any additional investment or replacement, employees can save energy easily turning off ventilation systems an hour before employees' departure, installing timers to turn off water purifiers and vending machines after some period of no use. The Green-house Gas Information System is similar to that of Environmental Management System. However, the Excel is the best program to calculate an amount of green-house gas emissions, and to assess for a reduced amount of GHG emissions. A goal of this research is to propose a practical method in the private sector to calculate an amount of green-house gases. The Green-house gas Information System based on Excel spreadsheet gives standards for good evaluation. The greenhouse gas information system establishes and executes the policies and objectives related to greenhouse gas emissions Similar to ISO 14001 environment management system structures, the advantages of using simplified Excel Sheet for calculating GHG emissions and reducing GHG emissions are easy to access.

A Study on the Optimum Application Method of Solar Thermal System to reduce Thermal Load and Carbon Emission in Apartment Building (공동주택의 열부하 및 탄소배출량 저감을 위한 태양열시스템의 최적 적용 방안 연구)

  • Yoon, Jong-Ho;Sim, Se-Ra;Shin, U-Cheul;Baek, Nam-Chun;Kwak, Hee-Yul
    • Journal of the Korean Solar Energy Society
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    • v.31 no.2
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    • pp.135-142
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    • 2011
  • Architectural market in the world is trying to develop Zero Carbon Buildng that doesn"t use fossil fuel. Residential building that thermal load such as heating and domestic hot water is over 70% in energy consumption is easy to make Zero Carbon Building compared with office building that is mainly electric load. So, As a preliminary for analyzing the effect of Solar thermal system in the building, an annual energy consumption of residential building and total heat loads are calculated. Based on this result, three alternatives of solar thermal system for hot water and heating are applied in the building while installation area is increasing. Solar thermal system is applied on balcony and roof of apartment building as the way to reduce thermal load. In the first case that solar thermal system for hot water is applied on the balcony, optimum installation area is $56m^2$. And you could install $40m^2$ of this system in the roof that angle is $30^{\circ}$. In the second case of solar thermal system for heating and hot water, you can install $40m^2$ on the roof. As a result of economic evaluation, the most economical application method is to install $40m^2$ of solar thermal system for only hot water on the roof of the building. At that time, you can payback the initial investing cost within 10 years. And carbon emission of this method can be reduced until about 4 ton per year.

A Study on the Application Effect of Central-Grid PV System at a Streetlamp using RETScreen - A Case Study of Gwangjin-gu - (RETScreen을 이용한 가로등의 계통연계형 태양광시스템 적용 효과 분석 - 서울시 광진구를 중심으로 -)

  • Kang, Seongmin;Choi, Bong-Seok;Kim, Seungjin;Mun, Hyo-dong;Lee, Jeongwoo;Park, Nyun-Bae;Jeon, Eui-Chan
    • Journal of Climate Change Research
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    • v.5 no.1
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    • pp.1-12
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    • 2014
  • With continued economic growth, Korea has seen an increase in the nighttime activities of its citizens as hours of activity have extended into night. There is an increasing trend in energy consumption related to citizens' nighttime activities. In order to analyze ideas for an efficient replacement of the power consumption of streetlights and for profit generation by applying grid-type solar systems, this study used an RETScreen model. Through energy analysis and cost analysis, the application benefit and viability of grid-type solar street light systems were analyzed. With analysis result of a total weekly power generation of 114 kWh via a grid-connected solar streetlight system, it was shown that the net present value of a grid-connected solar street light system is 155,362 KRW, which would mean a payback period of about 5.2 years, and as such, it was shown that profit could be generated after about 6 years. In addition, if the grid-connected solar power generation system proposed by this study is to be applied, it was shown that 401,935 KRW in profit could be generated after the 20-year useful life set for the solar system. In addition, the sensitivity analysis was performed taking into account the price fluctuations of SMP, maintenance. As a result, a payback period has increased by 1~2 years, and there were no significant differences. Because the most important factor that affect the economic analysis is the cost of supply certification of renewable energy, a stable sales and acquisition of this certification are very important. the Seoul-type Feed in Tariff(FIT) connected to other institutions will enable steady sales by confirming to purchase the certification for 12 years. Therefore, if those issues mentioned above are properly reflected, Central-grid PV system project will be able to perform well in the face of unfavorable condition of solar PV installation.

Micro-Hydropower System with a Semi-Kaplan Turbine for Sewage Treatment Plant Application: Kiheung Respia Case Study (하수처리장 적용을 위한 Semi-카플란 수차가 장착된 마이크로수력발전 시스템: 기흥레스피아 사례)

  • Chae, Kyu-Jung;Kim, Dong-Soo;Cheon, Kyung-Ho;Kim, Won-Kyoung;Kim, Jung-Yeon;Lee, Chul-Hyung;Park, Wan-Soon
    • Journal of Korean Society of Environmental Engineers
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    • v.35 no.5
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    • pp.363-370
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    • 2013
  • Small scale hydropower is one of most attractive and cost-effective energy technologies for installation within sewage treatment plants. This study was conducted to evaluate the potential of a semi-kaplan micro-hydropower (MHP) system for application to sewage treatment plants with high flow fluctuations and a low head. The semi-kaplan MHP is equipped with an adjustable runner blade, and is without a guide vane, so as to reduce the incidence of mechanical problems. A MHP rating 13.4 kWp with a semi-kaplan turbine has been considered for Kiheung Respia sewage treatment plant, and this installation is estimated to generate 86.8 MWh of electricity annually, which is enough to supply electricity to over 25 households, and equivalent to an annual reduction of 49 ton $CO_2$. The semi-kaplan turbine showed a 90.2% energy conversion efficiency at the design flow rate of 0.35 $m^3/s$ and net head of 4.7 m, and was adaptable to a wide range of flow fluctuations. Through the MHP operation, approximately 2.1% of total electricity demand of Kiheung Respia sewage treatment plant will be achievable. Based on financial analysis, an exploiting MHP is considered economically acceptable with an internal rate of return of 6.1%, net present value of 15,539,000 Korean Won, benefit-cost ratio of 1.08, and payback year of 15.5, respectively, if initial investment cost is 200,000,000 Korean Won.

Reuse Technology Development and Economic Evaluation of Dyeing Wastewater Treatment Sludge (폐수처리슬러지의 재활용기술개발 및 경제성 평가 -B염색조합을 중심으로-)

  • 임재호;이정연
    • Resources Recycling
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    • v.9 no.1
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    • pp.36-43
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    • 2000
  • This study was carried out for treatment and reuse of inorganic sludge from Fenton process at B dyeing wastewater treatment plant. The parameters for pilot-scale treatment system were derived from the results of this study. It was found that $COD_{cl}$ of the treated effluent became lower than 100 mg/l approximately on the optimal reaction condition. 2nd sludge which was generated after redissolving sludge was analyzed, and it showed that reduction ratio of ash in 2nd sludge and total dry sludge weight in comparison with current sludge were 85% and 65%. Also Fe salt in sludge was redissolved about 90~95% of initial Fe by weight. It was estimated almost ₩350,000,000 for sludge reuse process. It was estimated saving of about ₩1,300,000 per day (₩420,000,000 per year) in operating cost based on 30,000 $m^3$/d treatment, which these were about ₩430,000 per day in chemical, ₩1,100,000 per day in sludge transportation and ₩200,000 per day in equipment maintenance. Payback period with interest charge for investment cost was estimated about 10.5 months. Also, net present value (NPV) was ₩792,000,000 and internal rat of return (IRR) was about 110%.

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Economic Analysis of Rural Green-Village Planning with Solar Energy considering Climate Change (기후변화를 고려한 농촌지역 그린빌리지의 태양에너지 활용에 관한 경제성 분석)

  • Kim, Dae-Sik;Wang, Young-Doo
    • Journal of Korean Society of Rural Planning
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    • v.19 no.3
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    • pp.25-36
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    • 2013
  • This study aims to perform the economic analysis to the use of solar power facilities in rural villages considering the climate change scenario. IPCC climate change scenarios in the recently adopted the RCP scenarios (RCP8.5, RCP6.5, RCP4.5, RCP2.6) was used. By RCP scenarios, solar radiation, depending on the scenario in 2100, respectively, 3.6%, 2.5%, 1.9%, 1.1% was assumed to increase. From the economic analysis(payback period is 25 year) on 8 points of each province, in all cases of normal data and four RCP scenarios, at all points analyzed were NPV indicate a negative, BC ratio less than 1.0, respectively. In the case of Mokpo, Chunnam RCP8.5, BC ratio were found to be up to a 0.92, followed by 0.89 in the case of RCP8.5 in Jinju, Kyungnam shows, while the minimum was in Jeju. BC ratio is 1.0 or bigger, in order for the normal solar radiation data in Mokpo, Chonnam was the minimum that it takes 37 years. Similarly, in the case of RCP scenarios, 30 years in Mokpo, Chonnam RCP8.5 and 31 years in the cases of Jinju, Kyungnam and Jeonju, Cheonbuk RCP8.5 were analyzed. It was analyzed that RCP8.5 has the highest value. BC analysis models for each of the factors, the results of the sensitivity analysis, the initial installation costs, electricity sales price, discount rate in the order of economy showed higher sensitivity, and the rest factors showed lower changes. Although there are some differences of solar radiation by region, but in Korea most facilities in rural areas, the use of solar power was considered to be economical enough, considering change of several factors with high sensitivity, such as increasing of government subsidies for the solar power installation of the facility, rising oil prices due to a rise in electricity sales price, and a change in discount rate. In particular, when considering climate change scenarios, the use of solar energy for rural areas of the judgment that there was more economical.