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Economic Evaluation of PV Installations for Self-Consumption in Industrial Parks

Author

Listed:
  • Juan Pedrero

    (TECNALIA, Basque Research and Technology Alliance (BRTA), Astondo Bidea, Edificio 700, 48160 Derio, Spain)

  • Patxi Hernández

    (TECNALIA, Basque Research and Technology Alliance (BRTA), Astondo Bidea, Edificio 700, 48160 Derio, Spain)

  • Álvaro Martínez

    (Faculty of Engineering of Bilbao, University of the Basque Country UPV/EHU, Plaza Ingeniero Torres Quevedo 1, 48013 Bilbao, Spain)

Abstract

This paper presents an analysis of the economic performance of photovoltaic (PV) self-consumption systems at an industrial park in the Basque Country (north of Spain). The economic feasibility of the installations is largely dependent on self-consumption and compensation due to electricity injected into the grid, as well as the assumed evolution of the electricity prices. A sensitivity analysis is carried out for different installation sizes and different evolution scenarios concerning electricity prices. The potential for installations for shared self-consumption with dynamic and static distribution coefficients is also analyzed. The results show that medium sized installations are generally a cost effective way to reduce energy bills, while the economic performance of larger installations is more uncertain, and is largely dependent on the selling price for electricity injected into the grid. This case study found that the economic benefits of shared self-consumption between different companies are substantial, and are slightly more favorable when applying dynamic distribution factors.

Suggested Citation

  • Juan Pedrero & Patxi Hernández & Álvaro Martínez, 2021. "Economic Evaluation of PV Installations for Self-Consumption in Industrial Parks," Energies, MDPI, vol. 14(3), pages 1-12, January.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:3:p:728-:d:490244
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    References listed on IDEAS

    as
    1. López Prol, Javier & Steininger, Karl W., 2020. "Photovoltaic self-consumption is now profitable in Spain: Effects of the new regulation on prosumers’ internal rate of return," Energy Policy, Elsevier, vol. 146(C).
    2. Escobar, P. & Martínez, E. & Saenz-Díez, J.C. & Jiménez, E. & Blanco, J., 2020. "Profitability of self-consumption solar PV system in Spanish households: A perspective based on European regulations," Renewable Energy, Elsevier, vol. 160(C), pages 746-755.
    3. Kriechbaum, Michael & López Prol, Javier & Posch, Alfred, 2018. "Looking back at the future: Dynamics of collective expectations about photovoltaic technology in Germany & Spain," Technological Forecasting and Social Change, Elsevier, vol. 129(C), pages 76-87.
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    Cited by:

    1. Hamza Gribiss & Mohammad Mohsen Aghelinejad & Farouk Yalaoui, 2023. "Configuration Selection for Renewable Energy Community Using MCDM Methods," Energies, MDPI, vol. 16(6), pages 1-23, March.
    2. Venizelos Efthymiou & Christina N. Papadimitriou, 2022. "Smart Photovoltaic Energy Systems for a Sustainable Future," Energies, MDPI, vol. 15(18), pages 1-3, September.
    3. Xingyun Yan & Lingyu Wang & Mingzhu Fang & Jie Hu, 2022. "How Can Industrial Parks Achieve Carbon Neutrality? Literature Review and Research Prospect Based on the CiteSpace Knowledge Map," Sustainability, MDPI, vol. 15(1), pages 1-29, December.

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