International Journal of Engineering and Manufacturing (IJEM)
IJEM Vol. 13, No. 4, 8 Aug. 2023
Cover page and Table of Contents: PDF (size: 767KB)
Feasibility Analysis of a 100MW Photovoltaic Solar Power Plant at Rajshahi, Bangladesh Using RETScreen Software
Full Text (PDF, 767KB), PP.1-10
Views: 0 Downloads: 0
Author(s)
Index Terms
Solar System, Sustainable Energy, Energy Analysis, PV, RETScreen, Net Present Value
Abstract
As a result of the harmful effects of GHG on the environment, and the increase in fossil fuel prices, the world is currently searching for sustainable alternative energy sources instead of fossil fuels. Bangladesh is a country that has an ambitious aim to rely on sustainable energy. This study discusses the viability of a 100MW PV power project in Rajshahi, Bangladesh by using RETScreen software. This includes benchmarking, emissions analysis, and financial analysis. The power generation cost of the proposed PV power plant is 0.09 $/kWh based on the benchmark assessment and the annual power provided to the national power grid is determined to be 140,155MWh. According to the emission analysis, overall perspective emissions to the surroundings will be decreased by 78,797.7 tCO2 annually. The NPV and cumulative cash flow demonstrate good results based on the financial analysis. The outcome is, the proposed project is both financially and technically feasible, as well as environmentally beneficial, and will assist the government in meeting the aim of developing clean and sustainable energy.
Cite This Paper
Faridul Islam, Nazmunnahar Moni, Suraya Akhter, "Feasibility Analysis of a 100MW Photovoltaic Solar Power Plant at Rajshahi, Bangladesh Using RETScreen Software", International Journal of Engineering and Manufacturing (IJEM), Vol.13, No.4, pp. 1-10, 2023. DOI:10.5815/ijem.2023.04.01
Reference
[1]Rekhashree, Dr. J.S Rajashekar, and Dr.H. Naganagouda, “Study on Design and Performance Analysis of Solar PV Rooftop Standalone and On Grid System Using PVSYST,” International Research Journal of Engineering and Technology (IRJET), volume: 5, Issue: 7, July 2018.
[2]K. C. Rout and PS Kulkarni, “Design and Performance evaluation of Proposed 2 kW Solar PV Rooftop on Grid System in Odisha using PVsyst,” 2020 IEEE International Students' Conference on Electrical, Electronics and Computer Science (SCEECS), pp. 1-6, 2020. Doi: 10.1109/SCEECS48394.2020.124.
[3]W.Z. Leow, Y.M. Irwan, M. Irwanto, A.R. Amelia, and I. Safwati, “Influence of wind speed on the performance of photovoltaic Panel” Indonesian Journal of Electrical Engineering and Computer Science, Vol. 15, No. 1, pp. 60-68, 2018. Doi: 10.11591/ijeecs.v15.i1.pp60-68.
[4]E. Irmak, M. S. Ayaz, S. G. Gok, and A. B. Sahin, “A survey on public awareness towards renewable energy in Turkey,” 2014 International Conference on Renewable Energy Research and Application (ICRERA), pp. 932-937, 2014. Doi: 10.1109/ICRERA.2014.7016523.
[5]M. A. Habib, “Wind speed data and statistical analysis for Rangpur district in Bangladesh.” Journal of Electrical Engineering, Electronics, Control and Computer Science, Volume 8, Issue 30, pp. 1-10, 2022.
[6]M. M. U. Rashid, M. M. Rahman, M. A. Habib, and M. M. Hasan, “Study and analysis of hybrid energy options for electricity production in Rangpur, Bangladesh.” Asian Journal of Current Research, 3(1), 9-14, 2018.
[7]M. I. Yuce and S. Yuce. “Pre-Feasibility Assessment of Small Hydropower Projects in Turkey by RETScreen.” Journal (American Water Works Association), vol. 108, no. 5, pp. E269–75, 2016, JSTOR, https://www.jstor.org/stable/jamewatworass.108.5.e269. [Accessed 26 Nov. 2022.]
[8]J. Swart, R. Schoeman, and C. Pienaar, “Ensuring sustainability of PV systems for a given climate region in South Africa,” 2013 Africon, pp. 1-5, 2013. Doi: 10.1109/AFRCON.2013.6757638.
[9]Z. Mingzhi, L. Zhizhang, and Z. Qingzhu, “Testing and Analyzing of Solar Energy Resource,” 2010 Asia-Pacific Power and Energy Engineering Conference, pp. 1-3, 2010. Doi: 10.1109/APPEEC.2010.5449466.
[10]S. Mukherjee and M. A. Razzak, “Design, analysis and optimization of grid-connected solar photovoltaic system using RETScreen in eight divisions of Bangladesh,” 2016 3rd International Conference on Electrical Engineering and Information Communication Technology (ICEEICT), pp. 1-6, 2016. Doi: 10.1109/CEEICT.2016.7873120.
[11]A. Naithani, S. Thakur, and A. M. Khalkho, “Feasibility study for electrification project in Kasai village (Madhya Pradesh) in India,” 2017 4th International Conference on Electronics and Communication Systems (ICECS), pp. 101-105, 2017. Doi: 10.1109/ECS.2017.8067847.
[12]R. Samu, G. Poyrazoglu, and M. Fahrioglu, “The Potential and Economic Analysis of Grid-connected Solar PV Power in Kenya,” 2019 1st Global Power, Energy and Communication Conference (GPECOM), pp. 298-301, 2019. Doi: 10.1109/GPECOM.2019.8778467.
[13]M. Agrawal, B. K. Saxena, and K. V. S. Rao, “Estimation of energy production and net metering of Grid connected rooftop photovoltaic system in Rajasthan,” 2017 International Conference on Circuit, Power and Computing Technologies (ICCPCT), pp. 1-6, 2017. Doi: 10.1109/ICCPCT.2017.8074181.
[14]H. M. R. Leon, M. A. Shoeb, M. S. Rahman, M. U. Ahmed, and M. S. Islam, “Design and economic feasibility analysis of autonomous hybrid energy system for rural Bangladesh,” 2016 4th International Conference on the Development in the in Renewable Energy Technology (ICDRET), pp. 1-6, 2016. Doi: 10.1109/ICDRET.2016.7421503.
[15]K. N. Nikita, S. N. Islam, M. S. Islam, M. Saha, and M. F. Khan, “Prospect of solar PV based power generation in the marshy lands of Bangladesh: An analysis through RETScreen software,” 2016 4th International Conference on the Development in the in Renewable Energy Technology (ICDRET), pp. 1-6, 2016. Doi: 10.1109/ICDRET.2016.7421529.
[16]M. Ahmed, M. S. Parvez, and M. M. Hossain, “Integration of wind power in smart grid, perspective: Cox’s Bazaar (Bangladesh),” 2015 International Conference on Electrical Engineering and Information Communication Technology (ICEEICT), 2015. Doi: 10.1109/iceeict.2015.7307351.
[17]Z. A. Khan and R. Wazir, “Techno-economic study for 50 MW wind farm in Pasni, coastal district of Balochistan-Pakistan using ARIMA models and RETScreen,” 2014 International Conference on Energy Systems and Policies (ICESP), pp. 1-5, 2014. Doi: 10.1109/ICESP.2014.7347012.
[18]M. Mathew, Y. K. Sharma, and M. A. Magry, “Design and analysis of solar photovoltaic based coal mine reclamation in India,” 2017 International Conference on Intelligent Computing, Instrumentation and Control Technologies (ICICICT), pp. 372-375, 2017. Doi: 10.1109/ICICICT1.2017.8342592.
[19]A. Khandelwal and V. Shrivastava, “Viability of grid-connected solar PV system for a village of Rajasthan,” 2017 International Conference on Information, Communication, Instrumentation and Control (ICICIC), pp. 1-6, 2017. Doi: 10.1109/ICOMICON.2017.8279175.
[20]M. M. Omrani, M. Zandi, S. Pierfederici, and Maziyar Mirzaei Omrani, “Investigation of an Appropriate Location for Construction the Large-Scale Photovoltaic Power Plant in Southeastern Iran,” 2019 Iranian Conference on Renewable Energy & Distributed Generation (ICREDG), pp. 1-6, 2019. Doi: 10.1109/ICREDG47187.2019.194155.
[21]A. Adam, N. M. Galal, and M. S. Hamad, “Rural electrification using a stand-alone photovoltaic system: Case study of Cameroon,” 2015 International Conference on Industrial Engineering and Operations Management (IEOM), pp. 1-8, 2015. Doi: 10.1109/IEOM.2015.7093756.
[22]H. M. A. Rehman and F. A. Al-Sulaiman, “Techno-economic evaluation of different types of solar collectors for water heating application in domestic sector of Saudi Arabia,” 2014 5th International Renewable Energy Congress (IREC), pp. 1-6, 2014. Doi: 10.1109/IREC.2014.6826977.
[23]V. Applasamy, “Cost evaluation of a stand-alone residential photovoltaic power system in Malaysia,” 2011 IEEE Symposium on Business, Engineering and Industrial Applications (ISBEIA), pp. 214-218, 2011. Doi: 10.1109/ISBEIA.2011.6088807.
[24]M. Agrawal, B. K. Saxena, and K. V. S. Rao, “Feasibility of establishing solar photovoltaic power plants at existing wind farms,” 2017 International Conference On Smart Technologies For Smart Nation (SmartTechCon), pp. 251-256, 2017. Doi: 10.1109/SmartTechCon.2017.8358378.
[25]N. M. Swarnkar and L. Gidwani. “Analysis of hybrid energy system for supply residential electrical load by HOMER and RETScreen: A case in Rajasthan, India.” In 2016 International Conference on Recent Advances and Innovations in Engineering (ICRAIE), pp. 1-6. IEEE, 2016.
[26]S. Mukherjee and M. A. Razzak, “Analysis of 100 kW grid-connected solar photovoltaic system developed on the river deltas of eight divisions of Bangladesh using RETScreen,” 2017 International Conference on Electrical, Computer and Communication Engineering (ECCE), pp. 350-355, 2017. Doi: 10.1109/ECACE.2017.7912930.
[27]M. Khatami, H. Mortazavi, M. R. Mashhadi, and M. Oloomi, “Designing an off-grid PV system: For a residential consumer in Mashhad-Iran,” 2013 Africon, pp. 1-5, 2013. Doi: 10.1109/AFRCON.2013.6757680.
[28]J. Baccay Sy, A. Haile, and W. Degife. “Feasibility Study of a 100MW Photovoltaic Power plant at Bati, Ethiopia Using RETScreen.” International Journal of Scientific and Research Publications 10, no. 9, pp. 44-51, 2020.
[29]“Bangladesh Economic Review 2022, Chapter Ten, Power and Energy.” Available at: https://mof.portal.gov.bd/sites/default/files/files/mof.portal.gov.bd/page/f2d8fabb_29c1_423a_9d37_cdb500260002/19_BER_22_En_Chap10.pdf
[30]“RETScreen | Natural Resources Canada.” [Online]. Available: https://www.nrcan.gc.ca/maps-tools-publications/tools/dataanalysis-software-modelling/retscreen/7465. [Accessed: December 28, 2022].
[31]“Annual Cash Flow definition”. Available at: https://www.lawinsider.com/dictionary/annual-cash-flow
[32]“What does the cumulative cash flow mean?” Available at: https://www.quora.com/What-does-the-cumulative-cash-flow-mean. [Accessed: December 28, 2022].