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The cost benefit analysis of implementing photovoltaic solar system in the state of Kuwait

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  • Ramadhan, Mohammad
  • Naseeb, Adel

Abstract

In addition to the high financial cost of energy resources required to meet the rising demand for electricity consumption in Kuwait, the negative environmental impact of fossil fuel is increasing. Hence, the objective of this paper is to determine the economic feasibility and viability of implementing PV solar energy in the State of Kuwait. It was found that the positive characteristics of solar radiation in Kuwait play a critical role in enhancing the feasibility of implementing solar systems. Under the present price of 5$/W and 15% efficiency, the LCOE of a 1 MW station is estimated to be around $0.20/kWh. This LCOE can be feasible only when the cost of oil is around 100$/barrel. The Cost Benefit Analysis showed that when the value of saved energy resources used in producing traditional electricity, and the cost of lowering CO2 emissions are accounted for, the true economic cost of LCOE of a PV system will decline significantly. The preliminary economic analysis recommends the implementation of PV technology in Kuwait.

Suggested Citation

  • Ramadhan, Mohammad & Naseeb, Adel, 2011. "The cost benefit analysis of implementing photovoltaic solar system in the state of Kuwait," Renewable Energy, Elsevier, vol. 36(4), pages 1272-1276.
  • Handle: RePEc:eee:renene:v:36:y:2011:i:4:p:1272-1276
    DOI: 10.1016/j.renene.2010.10.004
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    References listed on IDEAS

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    3. Wang, Yu & Zhou, Sheng & Huo, Hong, 2014. "Cost and CO2 reductions of solar photovoltaic power generation in China: Perspectives for 2020," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 370-380.
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    7. Zhang, Da & Tang, Songlin & Lin, Bao & Liu, Zhen & Zhang, Xiliang & Zhang, Danwei, 2012. "Co-benefit of polycrystalline large-scale photovoltaic power in China," Energy, Elsevier, vol. 41(1), pages 436-442.
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    9. Bazilian, Morgan & Onyeji, Ijeoma & Liebreich, Michael & MacGill, Ian & Chase, Jennifer & Shah, Jigar & Gielen, Dolf & Arent, Doug & Landfear, Doug & Zhengrong, Shi, 2013. "Re-considering the economics of photovoltaic power," Renewable Energy, Elsevier, vol. 53(C), pages 329-338.
    10. Willis, Ken & Scarpa, Riccardo & Gilroy, Rose & Hamza, Neveen, 2011. "Renewable energy adoption in an ageing population: Heterogeneity in preferences for micro-generation technology adoption," Energy Policy, Elsevier, vol. 39(10), pages 6021-6029, October.
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    13. Sabo, Mahmoud Lurwan & Mariun, Norman & Hizam, Hashim & Mohd Radzi, Mohd Amran & Zakaria, Azmi, 2017. "Spatial matching of large-scale grid-connected photovoltaic power generation with utility demand in Peninsular Malaysia," Applied Energy, Elsevier, vol. 191(C), pages 663-688.
    14. Sivaraman, Deepak & Moore, Michael R., 2012. "Economic performance of grid-connected photovoltaics in California and Texas (United States): The influence of renewable energy and climate policies," Energy Policy, Elsevier, vol. 49(C), pages 274-287.
    15. Sun, Yan-wei & Hof, Angela & Wang, Run & Liu, Jian & Lin, Yan-jie & Yang, De-wei, 2013. "GIS-based approach for potential analysis of solar PV generation at the regional scale: A case study of Fujian Province," Energy Policy, Elsevier, vol. 58(C), pages 248-259.
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