Economic validation of large power PV irrigation systems

Hogan Teves de Almeida, Rita and Barata Carrelo, Isaac Afonso and Lorenzo Navarro, Celena and Narvarte Fernández, Luis (2018). Economic validation of large power PV irrigation systems. In: "35th European PV Solar Energy Conference and Exhibition", 24/09/2018-27/09/2018, Bruselas, Bélgica. ISBN 3-936338-50-7. pp. 1652-1655. https://doi.org/10.4229/35thEUPVSEC20182018-6CO.4.3.

Description

Title: Economic validation of large power PV irrigation systems
Author/s:
  • Hogan Teves de Almeida, Rita
  • Barata Carrelo, Isaac Afonso
  • Lorenzo Navarro, Celena
  • Narvarte Fernández, Luis
Item Type: Presentation at Congress or Conference (Article)
Event Title: 35th European PV Solar Energy Conference and Exhibition
Event Dates: 24/09/2018-27/09/2018
Event Location: Bruselas, Bélgica
Title of Book: Proceedings of 35th European PV Solar Energy Conference and Exhibition
Date: 2018
ISBN: 3-936338-50-7
Subjects:
Freetext Keywords: Design; Monitoring; Stand-alone PV Systems; Water-Pumping
Faculty: E.T.S.I. y Sistemas de Telecomunicación (UPM)
Department: Otro
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

This paper presents an economic evaluation of large-power PV irrigation systems (from 40 to 360 kWp) installed in Mediterranean countries, evaluating the economic feasibility of substituting or reducing their current energy sources (diesel or electrical grid) with a Photovoltaic (PV) generator and also an economic assessment based on PVIS simulated for ECOWAS region is also presented. In the first case, five PV irrigation systems, operating in Portugal, Spain, Italy and Morocco were considered and two energetic scenarios were created in order to do the economic analysis (Optimistic and Pessimistic Scenario). The normalized Net Present Value (NPV) values are in the 2.3-3.8 €/Wp range, Internal Rate of Return (IRR) values are in the 10-16% range and Payback Period (PBP) values are in the 7-11 years range. Finally, the Levelized Cost of Energy (LCOE) values for PV irrigation systems the values are in the 0.05-0.20 €/kWh range, which represents a percentage reduction of 34-67% % if compared to the actualized cost of the previous energy source. Regarding the second case, seven countries from the ECOWAS region were considered and two irrigation operating modes were compared (pumping to a water tank or at constant pressure). NPV values are in the 0.28-35.2x105 € range, (IRR) values are in the 8-47% range and (PBP) values are in the 2.1-10 years range. LCOE for PV irrigation systems are in the 0.04-0.15 €/kWh range, which represent percentage savings of 30-84% if compared to diesel-powered and gridpowered systems.

Funding Projects

TypeCodeAcronymLeaderTitle
Horizon 2020640771MASLOWATENUNIVERSIDAD POLITECNICA DE MADRIDMArket uptake of an innovative irrigation Solution based on LOW WATer-ENergy consumption

More information

Item ID: 55067
DC Identifier: http://oa.upm.es/55067/
OAI Identifier: oai:oa.upm.es:55067
DOI: 10.4229/35thEUPVSEC20182018-6CO.4.3
Official URL: https://www.eupvsec-proceedings.com/proceedings/dvd.html
Deposited by: Memoria Investigacion
Deposited on: 19 Feb 2020 12:22
Last Modified: 19 Feb 2020 12:22
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