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An innovative viable model for community-owned solar PV projects without FIT: Comprehensive techno-economic assessment

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  • Mirzania, Pegah
  • Balta-Ozkan, Nazmiye
  • Ford, Andy

Abstract

The progressive withdrawal of the Feed-in-Tariff provided by the UK government has left community-owned solar photovoltaic projects facing significant financial challenges. They urgently need to develop alternative business models that will enable them to develop new projects and recuperate their costs in this post-subsidy era. One promising possibility is the incorporation of storage technology. However, currently it cannot be denied that the financial viability of this type of model is in question. This paper investigates whether and how integrated solar and battery storage system would be financially viable, using the System Advisor Model as a simulation tool to conduct techno-economic analyses.

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  • Mirzania, Pegah & Balta-Ozkan, Nazmiye & Ford, Andy, 2020. "An innovative viable model for community-owned solar PV projects without FIT: Comprehensive techno-economic assessment," Energy Policy, Elsevier, vol. 146(C).
    • Handle: RePEc:eee:enepol:v:146:y:2020:i:c:s0301421520304547
    DOI: 10.1016/j.enpol.2020.111727
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    2. Naimeh Mohammadi, 2023. "Investigation of Community Energy Business Models from an Institutional Perspective: Intermediaries and Policy Instruments in Selected Cases of Developing and Developed Countries," Sustainability, MDPI, vol. 15(10), pages 1-24, May.
    3. Thapar, Sapan, 2022. "Centralized vs decentralized solar: A comparison study (India)," Renewable Energy, Elsevier, vol. 194(C), pages 687-704.
    4. Wen, Daoyuan & Gao, Weijun & Kuroki, Soichiro & Gu, Qunyin & Ren, Jianxing, 2021. "The effects of the new Feed-In Tariff Act for solar photovoltaic (PV) energy in the wake of the Fukushima accident in Japan," Energy Policy, Elsevier, vol. 156(C).
    5. Cheng, Cheng & Dong, Kangyin & Wang, Zhen & Liu, Shulin & Jurasz, Jakub & Zhang, Haoran, 2023. "Rethinking the evaluation of solar photovoltaic projects under YieldCo mode: A real option perspective," Applied Energy, Elsevier, vol. 336(C).
    6. Dumitrescu, Raluca & Lüth, Alexandra & Weibezahn, Jens & Groh, Sebastian, 2022. "Prosumer Empowerment Through Community Power Purchase Agreements:A Market Design for Swarm Grids," Working Papers 19-2021, Copenhagen Business School, Department of Economics.

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