Economic viability of stand-alone solar photovoltaic system in comparison with diesel-powered system for India

The economic viability of a stand-alone solar photovoltaic (PV) system with the most likely conventional alternative system, i.e. a diesel-powered system, has been analysed for energy demand through sensitivity analysis using a life-cycle cost computation. The sensitivity analysis allows estimation...

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Bibliographic Details
Published in:Energy economics 2002-03, Vol.24 (2), p.155-165
Main Authors: Kolhe, Mohanlal, Kolhe, Sunita, Joshi, J.C.
Format: Article
Language:English
Subjects:
Alternative energy sources
Applied sciences
Economic data
Electric energy
Energy
Energy economics
Exact sciences and technology
General, economic and professional studies
Life-cycle cost (LCC)
Natural energy
Sensitivity
Sensitivity analysis
Solar energy
Solar photovoltaic (PV)
Studies
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Summary:The economic viability of a stand-alone solar photovoltaic (PV) system with the most likely conventional alternative system, i.e. a diesel-powered system, has been analysed for energy demand through sensitivity analysis using a life-cycle cost computation. The sensitivity analysis allows estimation of the comparative viability of PV against a conventional alternative system based on particular country-specific parameters. The overall PV best and worst case viability, as compared to a conventional diesel-powered system, have been obtained from sensitivity analysis of the energy demand.
ISSN:0140-9883
1873-6181
DOI:10.1016/S0140-9883(01)00095-0