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Economic assessment of large power photovoltaic irrigation systems in the ECOWAS region

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  • Lorenzo, C.
  • Almeida, R.H.
  • Martínez-Núñez, M.
  • Narvarte, L.
  • Carrasco, L.M.

Abstract

This paper presents an economic assessment of large power (from tens to hundreds kWp) PV irrigation systems in the ECOWAS region, evaluating the economic feasibility of substituting diesel-powered and grid-powered systems with PV ones. Seven countries from the ECOWAS region were considered and two irrigation operating modes were compared (pumping to a water tank or at constant pressure). Net Present Cost (NPC) values are in the 0.33–41.5 × 105 $ range, Internal Rate of Return (IRR) values are in the 8–47% range and Payback Period (PBP) values are in the 2.1–10 years range. The economic savings in terms of Levelized Cost of Energy, LCOE, were also evaluated. LCOE for PV irrigation systems are in the 4.5–17.4 $cents/kWh range, which represent percentage savings of 30–84% if compared to diesel-powered and grid-powered systems.

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  • Lorenzo, C. & Almeida, R.H. & Martínez-Núñez, M. & Narvarte, L. & Carrasco, L.M., 2018. "Economic assessment of large power photovoltaic irrigation systems in the ECOWAS region," Energy, Elsevier, vol. 155(C), pages 992-1003.
  • Handle: RePEc:eee:energy:v:155:y:2018:i:c:p:992-1003
    DOI: 10.1016/j.energy.2018.05.066
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    3. Abdolhamid Mazloumi & Alireza Poolad & Mohammad Sadegh Mokhtari & Morteza Babaee Altman & Almoataz Y. Abdelaziz & Mahmoud Elsisi, 2023. "Optimal Sizing of a Photovoltaic Pumping System Integrated with Water Storage Tank Considering Cost/Reliability Assessment Using Enhanced Artificial Rabbits Optimization: A Case Study," Mathematics, MDPI, vol. 11(2), pages 1-21, January.
    4. Celena Lorenzo & Luis Narvarte & Ana Belén Cristóbal, 2020. "A Comparative Economic Feasibility Study of Photovoltaic Heat Pump Systems for Industrial Space Heating and Cooling," Energies, MDPI, vol. 13(16), pages 1-20, August.
    5. Parvaresh Rizi, Atefeh & Ashrafzadeh, Afshin & Ramezani, Azita, 2019. "A financial comparative study of solar and regular irrigation pumps: Case studies in eastern and southern Iran," Renewable Energy, Elsevier, vol. 138(C), pages 1096-1103.
    6. Yu, Yingdong & Liu, Jiahong & Wang, Ying & Xiang, Chenyao & Zhou, Jinjun, 2018. "Practicality of using solar energy for cassava irrigation in the Guangxi Autonomous Region, China," Applied Energy, Elsevier, vol. 230(C), pages 31-41.
    7. Julio Pombo-Romero & Hans Langeveld & Marta Fernández-Redondo, 2023. "Diffusion of renewable energy technology on Spanish farms: drivers and barriers," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 11769-11787, October.

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