Technical and business economic study of photovoltaic systems

Authors

  • B. Verhelst Author
  • J Desmet Author
  • C. Debruyne Author
  • H. Van Landeghem Author
  • L. Vandevelde Author

DOI:

https://doi.org/10.24084/repqj08.378

Abstract

Renewable energy becomes more and more

important in our power supply. The aim of this study is to

perform a business economic evaluation of an investment in

photovoltaic (PV) energy. Different cases of PV projects have

been analyzed. In order to have a correct evaluation model,

both economic parameters and technical influences have to be

taken into account. This paper gives an overview and a

sensitivity analysis of the influencing parameters, as well as an

analysis of a practical case. A calculation tool is developed to

allow private persons and companies to determine the

feasibility of an investment in photovoltaic panels. It can be

concluded that not only economic parameters such as discount

rate but also technical parameters have a major impact on the

feasibility of an investment in photovoltaic energy.

Author Biographies

  • B. Verhelst

    HOWEST, Department GKG

    Graaf Karel de Goedelaan 5, B-8500 Kortrijk (Belgium)

    Phone:+ 32 56 24 12 35, e-mail: bart.verhelst@howest.be

    2 Ghent University, Department EESA

    Sint-Pietersnieuwstraat 41, B-9000 Ghent (Belgium)

    Phone: +32 9 264 34 22

  • J Desmet

    HOWEST, Department GKG

    Graaf Karel de Goedelaan 5, B-8500 Kortrijk (Belgium)

    Phone:+ 32 56 24 12 35, e-mail: jan.desmet@howest.be

    2 Ghent University, Department EESA

    Sint-Pietersnieuwstraat 41, B-9000 Ghent (Belgium)

    Phone: +32 9 264 34 22,

  • C. Debruyne

    HOWEST, Department GKG

    Graaf Karel de Goedelaan 5, B-8500 Kortrijk (Belgium)

    Phone:+ 32 56 24 12 35, e-mail: colin.debruyne@howest.be

    2 Ghent University, Department EESA

    Sint-Pietersnieuwstraat 41, B-9000 Ghent (Belgium)

    Phone: +32 9 264 34 22.

  • H. Van Landeghem

    Ghent University, Department Industrial Management

    Technologiepark 903, B-9052 Zwijnaarde (Ghent) (Belgium)

    Phone: +32 9 264 55 02, e-mail: hendrik.vanlandeghem@ugent.be

  • L. Vandevelde

    Ghent University, Department EESA

    Sint-Pietersnieuwstraat 41, B-9000 Ghent (Belgium)

    Phone: +32 9 264 34 22, e-mail: lieven.vandevelde@ugent.be

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Published

2024-01-24

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Section

Articles