• Journal of the Korean Solar Energy Society
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• v.28 no.1
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• pp.1-8
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• 2008

The aim of this study is to develop the photovoltaic simulation program, called SimPV, which can Predict hourly based power generation of various PV modules and conduct an intensive economic analysis with Korean situation. To establish the reliability of the PV simulation results, we adopt the PV calculation algorithm of TRNSYS program of which verification has already well approved. Extensive database for hourly weather data of Korean 16 cities, engineering data for PV system and building load profiles are established. Case study on the 2.5kW roof integrated PV system and economic analysis are presented with the developed program.

• 한국신재생에너지학회:학술대회논문집
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• 2010.11a
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• pp.64.1-64.1
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• 2010

In this study, the energy and economic analysis of KIER Zero Energy Solar House (KIER ZeSH) was carried out. KIER ZeSH was designed and constructed in the end of 2009 for the purpose of more than 70% energy self-sufficiency in total load as well as less than 20% of additional construction cost. The several building energy conservation technologies like as super insulation, high performance window, wast heat recovery system, etc and renewable energy system. The renewable heating and cooling system is a kind of solar thermal system combined with geo-source heat pump as a back-up device. The capacity of 3.15kW solar BIPV system was also installed on the roof. The measurement by monitering system of ZeSH was conducted for one year from November 2009 to October 2010. The energy self-sufficiency and economic analysis were conducted based on the this monitering result. As a result, the energy self sufficiency is about 83% which is higher than that of the target and the payback period is 11 years.

• 한국신재생에너지학회:학술대회논문집
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• 2011.05a
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• pp.136.1-136.1
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• 2011

An energy modeling analysis method currently has been considered as a new approach for energy policy research, because the importance of renewable energy use has been emphasized more and more. This study used RETScreen model as a clean energy decision making methodology for adaptation to climate change and elimination of various pollutions. This modeling method includes five step standard analysis; energy model, cost analysis, GHG analysis, financial analysis, and sensitivity & risk analysis and it also assesses both conventional and modern energy sources and technologies. This methodology for the photovoltaic(PV) energy modeling is used to evaluate the energy production, financial performance and GHG emissions reduction of photovoltaic projects. In addition, the PV application systems are classified into three basic applications; On-grid system, Off-grid system and water pumping system. This study assesses the renewable energy techno-economic modeling method with the feasibility analysis result of 10 MW PV power plant in Abu Dhabi in United Arab Emirates. Furthermore this study stresses the importance of renewable energy model research by applying to domestic PV power plant which is now in preparation.

• 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.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.5
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• pp.585-591
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• 2020

In accordance with the government's expansion of solar power generation, the installation of solar panels is expected to expand in Korea. On the other hand, policy discussions on the establishment of a domestic post-management system for waste from photovoltaic power are insufficient. This study estimated the benefit-cost of solar PV Panel recycling and derived the implications for the photovoltaic waste policies in Korea. Overall, the profitability of the recycling project is very low when the project execution period is 10 years. On the other hand, the economic efficiency of the project can be sufficiently high when the duration of the solar panel recycling project is extended to 20 years. In the short term, it is challenging to expect voluntary companies to enter this recycling business because of low economic efficiency. Therefore, it is necessary to prepare various policies to improve the economic efficiency of the recycling business. In conclusion, the following policy implications for PV panel recycling activation are proposed: i) legislation for the recycling of waste solar photovoltaic panel, ii) designation of Association for Solar Panel waste monitoring, and iii) expansion of R & D and the development of various business models related to solar recycling.

• Current Photovoltaic Research
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• v.10 no.4
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• pp.133-137
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• 2022

The economic feasibility of a photovoltaic (PV) system is greatly influenced by the initial investment cost for system installation. Also, electricity generation by PV system is highly important. The profits competitiveness of PV system will be maximized through intelligent operation and maintenance (O&M). Here, we developed a microconverter which can maximize electricity generation from PV modules by tracking the maximum power point of PV modules, and help efficient O&M. Also, the microconverter mitigates current mismatch caused by shading, hence maximize power generation. The microconverters were installed PV modules and demonstrated through the field tests. Power outputs such as voltage, string current were measured with variuos weather environments and partial shadings. We found that PV modules with the microconvertors shows 12.05% higher power generation compared to the reference PV modules.

• Solar Energy
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• v.18 no.3
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• pp.147-151
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• 1998

Several PV-diesel hybrid systems were built in isolated islands in Korea, where they are far from the inland to be supplied the electric power to a utility level from it. A lot of efforts has been concentrated to find a cost-effective electric supply system with higher reliability and minimum maintenance when compared with a diesel generator. For this purpose, an autonomous PV-diesel hybrid system with multi-channel remote monitoring system was investigated to supply electric power under minimum operating cost and maintenance in a small isolated island. In this report, the economic analysis was performed for comparison with photovoltaic system and diesel generator by computer simulation. And it was proven that a PV system is more cost-effective than an internal combustion engine for the remote island with less than 150 households. Especially, in the case of islands with less than 50 households, the initial construction cost of the PV system is comparable to and its operating cost is about 70% less than the diesel generator.

• Current Photovoltaic Research
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• v.11 no.4
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• pp.134-143
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• 2023

Efforts are being made to respond to global warming. Interest in and demand for the private sector-led RE100 campaign is also increasing. Self-built solar power generation, one of the implementation tools for RE100, is not expanding. However, it can be an economical means of implementation in the long run. In this study, we intend to analyze the impact on the optimal ratio of self-solar power generation using HOMER simulation. OPR defines the optimal solar power generation ratio and looks into what changes there are in the optimal solar power ratio when self-power consumption increases and external power purchase price changes. As a result, the optimal rate of self-solar power generation has a low impact even if self-power consumption increases. As the external power unit price increases, the optimal ratio increases, and at a power unit price of 100 KRW/kWh, OPR is 24%; at 200 KRW/kWh OPR is 31%; and at 300 KRW/kWh OPR is 34%. This shows that the electricity price replaced during the life cycle has a high impact on the economic feasibility of solar power generation. However, when the external power unit price reached a certain level, the increase in OPR decreased. This shows that it is difficult for domestic companies to achieve RE100 based on the economic feasibility of solar energy alone. Therefore, efforts are needed to supply renewable energy in the public sector.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.25 no.1
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• pp.42-49
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• 2011

PV(Photovoltaic) system is environmentally friendly power system using solar energy in renewable energy. PV system compared to other renewable energy power generation systems is relatively easy to install, so the dissemination is increasing worldwide. Especially, BIPV(Building Integrated Photovoltaic) is a system that PV modules are installed on the building and use renewable energy. But this system is difficult to apply due to the shadow of adjacent buildings and limited installation. In this study, payback period is calculated by Retscreen 2010, that is an economic assessment software of renewable energy, on applied to the bridge of PV system. As results, this study aims at actively considering the application.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.2_2
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• pp.209-218
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• 2022

The purpose of this study is to analyze an economic assessment of PV-ESS systems based on the power generation performance data of solar power (PV) operating in domestic area, and to calculate the optimal capacity of the energy storage system. In this study, PVs in Gyeonggi-do, Jeollabuk-do, and Gyeongsangbuk-do were targeted, and PVs in this area were assumed to be installed on a general site, and the research was conducted by applying weights based on the facility's capacity. All the analysis was conducted using the actual amount of KPX transactions of PVs in 2019. In order to calculate the optimal capacity of PCS and BESS according to GHI, PV with a minimum/maximum/central value was selected by comparing the solar radiation before the horizontal plane between three years (2017-2019) of the location where PV was installed. As a result of the analysis, in Gyeonggi-do, if the REC weight decreases to 3.4 when there is no change in the cost of installing BESS and PCS, it is more economical to link BESS than PV alone operation of PV. In Jeollabuk-do, it was analyzed that if the REC weight was reduced to 3.6, it was more likely to link BESS than PV operated alone. In Gyeongsangbuk-do, it was analyzed that if the REC weight was reduced to 3.4, it was more likely to link BESS than PV operated alone.