Technoeconomic parametric analysis of PV-battery systems

Khalilpour, KR; Vassallo, A

Technoeconomic parametric analysis of PV-battery systems

Khalilpour, KR Vassallo, A

Permalink

Publisher:: PERGAMON-ELSEVIER SCIENCE LTD
Publication Type:: Journal Article
Citation:: Renewable Energy, 2016, 97, (C), pp. 757-768
Issue Date:: 2016-11-01

Closed Access

	Filename	Description	Size
	1-s2.0-S0960148116305225-main.pdf	Published version	4.08 MB	Adobe PDF	View/Open

Copyright Clearance Process

Recently Added
In Progress
Closed Access

This item is closed access and not available.

Full metadata record

Field	Value	Language
dc.contributor.author	Khalilpour, KR
dc.contributor.author	Vassallo, A
dc.date.accessioned	2022-08-14T04:07:14Z
dc.date.available	2022-08-14T04:07:14Z
dc.date.issued	2016-11-01
dc.identifier.citation	Renewable Energy, 2016, 97, (C), pp. 757-768
dc.identifier.issn	0960-1481
dc.identifier.issn	1879-0682
dc.identifier.uri	http://hdl.handle.net/10453/160122
dc.description.abstract	Application of integrated PV-battery systems for off-grid locations has a history exceeding four decades. With the observed fast reduction of PV and battery system prices in recent years, however, interest in the use of PV-battery systems has notably increased even at on-grid locations. The aim of this paper is to assess the impact of various technoeconomic parameters, such as geographic location, weather condition, electricity price, feed-in tariff, PV/battery system cost, and PV/battery specifications on the economic feasibility of grid-connected PV-battery systems. For this, we have used our inhouse decision support tool for investment decision making, optimal sizing, and operation scheduling of grid-connected PV/battery system with respect to these parameters. The results show that decision on the selection of the right PV-battery system is significantly sensitive to each and every one of these parameters. Within various price scenarios that we carried out, battery shows positive impact on NPV only at low installation costs (e.g. ≤750 $/kWh). Neither the sales electricity tariff nor the feed-in tariff has alone a direct impact on the feasibility of installing a battery system. Rather, the magnitude of the difference between electricity price and feed-in tariff is the detrimental element in battery attractiveness. A case-study for Sydney, Australia, showed that at current sales/feed-in electricity tariffs, PV systems with prices of 2700 $/kW, or less, not only reach parity with the grid electricity price but also reach parity with feed-in tariff. This implies the viability of installing large PV systems merely for selling the generated electricity to the grid.
dc.language	English
dc.publisher	PERGAMON-ELSEVIER SCIENCE LTD
dc.relation.ispartof	Renewable Energy
dc.relation.isbasedon	10.1016/j.renene.2016.06.010
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	0906 Electrical and Electronic Engineering, 0913 Mechanical Engineering, 0915 Interdisciplinary Engineering
dc.subject.classification	Energy
dc.title	Technoeconomic parametric analysis of PV-battery systems
dc.type	Journal Article
utslib.citation.volume	97
utslib.for	0906 Electrical and Electronic Engineering
utslib.for	0913 Mechanical Engineering
utslib.for	0915 Interdisciplinary Engineering
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Professional Practice and Leadership
utslib.copyright.status	closed_access	*
dc.date.updated	2022-08-14T04:07:11Z
pubs.issue	C
pubs.publication-status	Published
pubs.volume	97
utslib.citation.issue	C

Abstract:

Application of integrated PV-battery systems for off-grid locations has a history exceeding four decades. With the observed fast reduction of PV and battery system prices in recent years, however, interest in the use of PV-battery systems has notably increased even at on-grid locations. The aim of this paper is to assess the impact of various technoeconomic parameters, such as geographic location, weather condition, electricity price, feed-in tariff, PV/battery system cost, and PV/battery specifications on the economic feasibility of grid-connected PV-battery systems. For this, we have used our inhouse decision support tool for investment decision making, optimal sizing, and operation scheduling of grid-connected PV/battery system with respect to these parameters. The results show that decision on the selection of the right PV-battery system is significantly sensitive to each and every one of these parameters. Within various price scenarios that we carried out, battery shows positive impact on NPV only at low installation costs (e.g. ≤750 $/kWh). Neither the sales electricity tariff nor the feed-in tariff has alone a direct impact on the feasibility of installing a battery system. Rather, the magnitude of the difference between electricity price and feed-in tariff is the detrimental element in battery attractiveness. A case-study for Sydney, Australia, showed that at current sales/feed-in electricity tariffs, PV systems with prices of 2700 $/kW, or less, not only reach parity with the grid electricity price but also reach parity with feed-in tariff. This implies the viability of installing large PV systems merely for selling the generated electricity to the grid.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/160122