IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v34y2009i5p1299-1311.html
   My bibliography  Save this article

Cost benefit analysis of a photovoltaic-energy storage electrification solution for remote islands

Author

Listed:
  • Kaldellis, J.K.
  • Zafirakis, D.
  • Kaldelli, E.L.
  • Kavadias, K.

Abstract

A large number of various sized islands are spread throughout the south-east Mediterranean Sea. Most of these small islands face serious infrastructure problems, like the insufficient power supply and the low quality of electricity available at very high production cost. In an attempt to improve the life quality of all these isolated communities, an investigation concerning the financial viability of an integrated electrification solution based on one or more photovoltaic generators and an appropriate energy storage system is described. The main target of a similar solution is to maximize the contribution of the photovoltaic generator and minimize the life-cycle electricity generation cost of the remote island networks investigated. In addition, special emphasis is given in order to select the most cost-efficient energy storage configuration available. According to the results obtained for high and medium–high solar potential regions, the proposed configuration is found to be more cost-effective than the existing thermal power stations. Several side benefits like the improved electrical network reliability and the minimization of the environmental and macroeconomic impacts resulting from the replacement of the imported oil should also be considered.

Suggested Citation

  • Kaldellis, J.K. & Zafirakis, D. & Kaldelli, E.L. & Kavadias, K., 2009. "Cost benefit analysis of a photovoltaic-energy storage electrification solution for remote islands," Renewable Energy, Elsevier, vol. 34(5), pages 1299-1311.
  • Handle: RePEc:eee:renene:v:34:y:2009:i:5:p:1299-1311
    DOI: 10.1016/j.renene.2008.09.014
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148108003455
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.renene.2008.09.014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bueno, C. & Carta, J.A., 2006. "Wind powered pumped hydro storage systems, a means of increasing the penetration of renewable energy in the Canary Islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 312-340, August.
    2. Benitez, Liliana E. & Benitez, Pablo C. & van Kooten, G. Cornelis, 2008. "The economics of wind power with energy storage," Energy Economics, Elsevier, vol. 30(4), pages 1973-1989, July.
    3. Chen, Fengzhen & Duic, Neven & Manuel Alves, Luis & da Graça Carvalho, Maria, 2007. "Renewislands--Renewable energy solutions for islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(8), pages 1888-1902, October.
    4. Manolakos, D & Papadakis, G & Papantonis, D & Kyritsis, S, 2001. "A simulation-optimisation programme for designing hybrid energy systems for supplying electricity and fresh water through desalination to remote areas," Energy, Elsevier, vol. 26(7), pages 679-704.
    5. Akella, A.K. & Sharma, M.P. & Saini, R.P., 2007. "Optimum utilization of renewable energy sources in a remote area," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(5), pages 894-908, June.
    6. Underwood, C.P. & Ramachandran, J. & Giddings, R.D. & Alwan, Z., 2007. "Renewable-energy clusters for remote communities," Applied Energy, Elsevier, vol. 84(6), pages 579-598, June.
    7. Smulders, J.A., 2004. "Economic growth, liberalization and the environment," Other publications TiSEM df182478-f4af-4307-8ce8-a, Tilburg University, School of Economics and Management.
    8. Bergmann, Ariel & Hanley, Nick & Wright, Robert, 2006. "Valuing the attributes of renewable energy investments," Energy Policy, Elsevier, vol. 34(9), pages 1004-1014, June.
    9. Kaldellis, J. K., 2005. "Social attitude towards wind energy applications in Greece," Energy Policy, Elsevier, vol. 33(5), pages 595-602, March.
    10. Bob Giddings & Chris Underwood, 2007. "Renewable energy in remote communities," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 50(3), pages 397-419.
    11. Ntziachristos, Leonidas & Kouridis, Chariton & Samaras, Zissis & Pattas, Konstantinos, 2005. "A wind-power fuel-cell hybrid system study on the non-interconnected Aegean islands grid," Renewable Energy, Elsevier, vol. 30(10), pages 1471-1487.
    12. Hanley, Nick & Nevin, Ceara, 1999. "Appraising renewable energy developments in remote communities: the case of the North Assynt Estate, Scotland," Energy Policy, Elsevier, vol. 27(9), pages 527-547, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Meschede, Henning, 2019. "Increased utilisation of renewable energies through demand response in the water supply sector – A case study," Energy, Elsevier, vol. 175(C), pages 810-817.
    2. William López-Castrillón & Héctor H. Sepúlveda & Cristian Mattar, 2021. "Off-Grid Hybrid Electrical Generation Systems in Remote Communities: Trends and Characteristics in Sustainability Solutions," Sustainability, MDPI, vol. 13(11), pages 1-29, May.
    3. Khan, Mohammad Junaid & Yadav, Amit Kumar & Mathew, Lini, 2017. "Techno economic feasibility analysis of different combinations of PV-Wind-Diesel-Battery hybrid system for telecommunication applications in different cities of Punjab, India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 577-607.
    4. Dorotić, Hrvoje & Doračić, Borna & Dobravec, Viktorija & Pukšec, Tomislav & Krajačić, Goran & Duić, Neven, 2019. "Integration of transport and energy sectors in island communities with 100% intermittent renewable energy sources," Renewable and Sustainable Energy Reviews, Elsevier, vol. 99(C), pages 109-124.
    5. Das, Barun K. & Al-Abdeli, Yasir M. & Kothapalli, Ganesh, 2017. "Optimisation of stand-alone hybrid energy systems supplemented by combustion-based prime movers," Applied Energy, Elsevier, vol. 196(C), pages 18-33.
    6. Papapostolou, Christiana M. & Kondili, Emilia M. & Zafirakis, Dimitris P. & Tzanes, Georgios T., 2020. "Sustainable water supply systems for the islands: The integration with the energy problem," Renewable Energy, Elsevier, vol. 146(C), pages 2577-2588.
    7. Castagneto Gissey, Giorgio & Zakeri, Behnam & Dodds, Paul E. & Subkhankulova, Dina, 2021. "Evaluating consumer investments in distributed energy technologies," Energy Policy, Elsevier, vol. 149(C).
    8. Kaldellis, J.K., 2010. "Optimum hybrid photovoltaic-based solution for remote telecommunication stations," Renewable Energy, Elsevier, vol. 35(10), pages 2307-2315.
    9. Strantzali, Eleni & Aravossis, Konstantinos, 2016. "Decision making in renewable energy investments: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 885-898.
    10. Kanase-Patil, A.B. & Saini, R.P. & Sharma, M.P., 2010. "Integrated renewable energy systems for off grid rural electrification of remote area," Renewable Energy, Elsevier, vol. 35(6), pages 1342-1349.
    11. Kougias, Ioannis & Szabó, Sándor & Nikitas, Alexandros & Theodossiou, Nicolaos, 2019. "Sustainable energy modelling of non-interconnected Mediterranean islands," Renewable Energy, Elsevier, vol. 133(C), pages 930-940.
    12. Erdinc, O. & Uzunoglu, M., 2012. "Optimum design of hybrid renewable energy systems: Overview of different approaches," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(3), pages 1412-1425.
    13. Dagoumas, Athanasios S. & Koltsaklis, Nikolaos E., 2019. "Review of models for integrating renewable energy in the generation expansion planning," Applied Energy, Elsevier, vol. 242(C), pages 1573-1587.
    14. Martin, Nigel & Rice, John, 2021. "Power outages, climate events and renewable energy: Reviewing energy storage policy and regulatory options for Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    15. Boulogiorgou, D. & Ktenidis, P., 2020. "TILOS local scale Technology Innovation enabling low carbon energy transition," Renewable Energy, Elsevier, vol. 146(C), pages 397-403.
    16. Inês Boga Melo & João Paulo N. Torres, 2019. "Economic Sustainability Study of São Miguel Island in the Azores Using Photovoltaic Panels and Wind Turbines," Sustainability, MDPI, vol. 11(17), pages 1-9, September.
    17. Lai, Chun Sing & Locatelli, Giorgio & Pimm, Andrew & Tao, Yingshan & Li, Xuecong & Lai, Loi Lei, 2019. "A financial model for lithium-ion storage in a photovoltaic and biogas energy system," Applied Energy, Elsevier, vol. 251(C), pages 1-1.
    18. Chauhan, Anurag & Saini, R.P., 2016. "Techno-economic optimization based approach for energy management of a stand-alone integrated renewable energy system for remote areas of India," Energy, Elsevier, vol. 94(C), pages 138-156.
    19. Olatomiwa, Lanre & Mekhilef, Saad & Huda, A.S.N. & Ohunakin, Olayinka S., 2015. "Economic evaluation of hybrid energy systems for rural electrification in six geo-political zones of Nigeria," Renewable Energy, Elsevier, vol. 83(C), pages 435-446.
    20. Paliwal, Priyanka & Patidar, N.P. & Nema, R.K., 2014. "Determination of reliability constrained optimal resource mix for an autonomous hybrid power system using Particle Swarm Optimization," Renewable Energy, Elsevier, vol. 63(C), pages 194-204.
    21. Chauhan, Anurag & Saini, R.P., 2016. "Techno-economic feasibility study on Integrated Renewable Energy System for an isolated community of India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 388-405.
    22. Xin Li & Konstantinos J. Chalvatzis & Phedeas Stephanides, 2018. "Innovative Energy Islands: Life-Cycle Cost-Benefit Analysis for Battery Energy Storage," Sustainability, MDPI, vol. 10(10), pages 1-19, September.
    23. Hoppmann, Joern & Volland, Jonas & Schmidt, Tobias S. & Hoffmann, Volker H., 2014. "The economic viability of battery storage for residential solar photovoltaic systems – A review and a simulation model," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 1101-1118.
    24. Bazilian, Morgan & Rogner, Holger & Howells, Mark & Hermann, Sebastian & Arent, Douglas & Gielen, Dolf & Steduto, Pasquale & Mueller, Alexander & Komor, Paul & Tol, Richard S.J. & Yumkella, Kandeh K., 2011. "Considering the energy, water and food nexus: Towards an integrated modelling approach," Energy Policy, Elsevier, vol. 39(12), pages 7896-7906.
    25. Tae Yong Jung & Donghun Kim & Jongwoo Moon & SeoKyung Lim, 2018. "A Scenario Analysis of Solar Photovoltaic Grid Parity in the Maldives: The Case of Malahini Resort," Sustainability, MDPI, vol. 10(11), pages 1-14, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Erdinc, O. & Uzunoglu, M., 2012. "Optimum design of hybrid renewable energy systems: Overview of different approaches," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(3), pages 1412-1425.
    2. Oikonomou, Emmanouil K. & Kilias, Vassilios & Goumas, Aggelos & Rigopoulos, Alexandrous & Karakatsani, Eirini & Damasiotis, Markos & Papastefanakis, Dimitrios & Marini, Natassa, 2009. "Renewable energy sources (RES) projects and their barriers on a regional scale: The case study of wind parks in the Dodecanese islands, Greece," Energy Policy, Elsevier, vol. 37(11), pages 4874-4883, November.
    3. Rogers, J.C. & Simmons, E.A. & Convery, I. & Weatherall, A., 2008. "Public perceptions of opportunities for community-based renewable energy projects," Energy Policy, Elsevier, vol. 36(11), pages 4217-4226, November.
    4. Stigka, Eleni K. & Paravantis, John A. & Mihalakakou, Giouli K., 2014. "Social acceptance of renewable energy sources: A review of contingent valuation applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 32(C), pages 100-106.
    5. Dalton, G.J. & Lockington, D.A. & Baldock, T.E., 2009. "Feasibility analysis of renewable energy supply options for a grid-connected large hotel," Renewable Energy, Elsevier, vol. 34(4), pages 955-964.
    6. Katsaprakakis, Dimitris Al. & Christakis, Dimitris G. & Stefanakis, Ioannis & Spanos, Petros & Stefanakis, Nikos, 2013. "Technical details regarding the design, the construction and the operation of seawater pumped storage systems," Energy, Elsevier, vol. 55(C), pages 619-630.
    7. Dimitropoulos, Alexandros & Kontoleon, Andreas, 2009. "Assessing the determinants of local acceptability of wind-farm investment: A choice experiment in the Greek Aegean Islands," Energy Policy, Elsevier, vol. 37(5), pages 1842-1854, May.
    8. Díaz-González, Francisco & Sumper, Andreas & Gomis-Bellmunt, Oriol & Villafáfila-Robles, Roberto, 2012. "A review of energy storage technologies for wind power applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 2154-2171.
    9. Jure Margeta & Zvonimir Glasnovic, 2011. "Hybrid RES-HEP Systems Development," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 25(9), pages 2219-2239, July.
    10. Duic, Neven & Krajacic, Goran & da Graça Carvalho, Maria, 2008. "RenewIslands methodology for sustainable energy and resource planning for islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(4), pages 1032-1062, May.
    11. Santamarta, Juan C. & García-Gil, Alejandro & Expósito, María del Cristo & Casañas, Elías & Cruz-Pérez, Noelia & Rodríguez-Martín, Jesica & Mejías-Moreno, Miguel & Götzl, Gregor & Gemeni, Vasiliki, 2021. "The clean energy transition of heating and cooling in touristic infrastructures using shallow geothermal energy in the Canary Islands," Renewable Energy, Elsevier, vol. 171(C), pages 505-515.
    12. Rosato, Antonello & Panella, Massimo & Andreotti, Amedeo & Mohammed, Osama A. & Araneo, Rodolfo, 2021. "Two-stage dynamic management in energy communities using a decision system based on elastic net regularization," Applied Energy, Elsevier, vol. 291(C).
    13. Dhillon, Javed & Kumar, Arun & Singal, S.K., 2014. "Optimization methods applied for Wind–PSP operation and scheduling under deregulated market: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 682-700.
    14. Denault, Michel & Dupuis, Debbie & Couture-Cardinal, Sébastien, 2009. "Complementarity of hydro and wind power: Improving the risk profile of energy inflows," Energy Policy, Elsevier, vol. 37(12), pages 5376-5384, December.
    15. Baharoon, Dhyia Aidroos & Rahman, Hasimah Abdul & Fadhl, Saeed Obaid, 2016. "Personal and psychological factors affecting the successful development of solar energy use in Yemen power sector: A case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 516-535.
    16. Kaldellis, J.K. & Kapsali, M. & Kavadias, K.A., 2010. "Energy balance analysis of wind-based pumped hydro storage systems in remote island electrical networks," Applied Energy, Elsevier, vol. 87(8), pages 2427-2437, August.
    17. Sofia-Despoina Papadopoulou & Niki Kalaitzoglou & Maria Psarra & Sideri Lefkeli & Evangelia Karasmanaki & Georgios Tsantopoulos, 2019. "Addressing Energy Poverty through Transitioning to a Carbon-Free Environment," Sustainability, MDPI, vol. 11(9), pages 1-17, May.
    18. Chua, K.J. & Yang, W.M. & Er, S.S. & Ho, C.A., 2014. "Sustainable energy systems for a remote island community," Applied Energy, Elsevier, vol. 113(C), pages 1752-1763.
    19. Cabrera, Pedro & Lund, Henrik & Carta, José A., 2018. "Smart renewable energy penetration strategies on islands: The case of Gran Canaria," Energy, Elsevier, vol. 162(C), pages 421-443.
    20. Marula Tsagkari & Jordi Roca & Phedeas Stephanides, 2022. "Sustainability of local renewable energy projects: A comprehensive framework and an empirical analysis on two islands," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1155-1168, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:34:y:2009:i:5:p:1299-1311. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.