THE IMPACT OF CURRENT RENEWABLE ENERGY INCENTIVES ON THE 10 MW GRID-CONNECTED SOLAR POWER PLANT
- 주제(키워드) Energy Science and Policy
- 발행기관 아주대학교
- 지도교수 Jung, Jae Sung,
- 발행년도 2020
- 학위수여년월 2020. 2
- 학위명 석사
- 학과 국제대학원 융합에너지학과
- 실제URI http://www.dcollection.net/handler/ajou/000000029453
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
ABSTRACT Recently, the Mongolian energy sector is facing capacity deficiency because the old thermal power plants, which have been operating for more than 30 years, are unable to meet the increasing demand. Therefore, the government of Mongolia has been supporting renewable energy penetration, which is one alternative to solve this issue. Due to this, projects of the large-scale solar power plant are increasing in recent years because of the current incentive policy for renewable energy generation. However, there are still challenges on large-scale PV system integration is the investment constraint due to high capital cost. Thus, the priority of this study is to evaluate the contribution of the current renewable energy incentive programs in Mongolia. The case study selected the Bayanchandmani village is one that included in the list of the development plan of the satellite city. The performance analysis of the solar power plant in the selected location has been determined by PVsyst V.6.84 software. The financial analysis is defined as two scenarios, one calculated with all incentives included, and another is the absence of customs taxes (all imports related to renewable energy) based on the performance of the proposed solar power plant. The key findings of this study were the PV system’s final output and the financial results which are the payback period, internal rate of return, net present value. This research captured, the absence of one incentive has a considerable financial impact on the solar power plant project’s initial investment cost, and this study also found that our country has few incentive programs for renewable energy deployment.
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CONTENTS
Abstract i
List of abbreviations ii
List of Figures v
List of tables vi
List of equations vii
CHAPTER 1 1
1.1 Introduction 1
1.2 Justification of study 3
1.3 Research questions 3
1.4 Aim of study 4
1.5 Objectives of study 4
1.6 An Overview of research methodology 4
1.7 Limitation 4
CHAPTER 2 6
2.1 Literature review 6
2.2 Mongolian energy profile 6
2.3 Policy and incentive for renewable energy in Mongolia 7
2.4 Theoretical studies of grid-connected solar power plant 8
2.4.1 Solar radiation 8
2.4.2 Tilt angle 9
2.4.3 Solar photovoltaic 10
2.4.4 Specific production 11
2.4.5 Inverter 11
2.5 Energy economics 11
2.5.1 Simple payback period 11
2.5.2 Internal rate of return (IRR) 12
2.5.3 Net present value (NPV) 12
2.6 The utilization of solar resource in Mongolia 13
2.7 Comparison of recent solar power plants activity in Mongolia 16
CHAPTER 3 18
3.1 Methodology 18
3.2 Data collection 18
3.3 Comparison of global horizontal irradiance: 19
3.4 Site selection 20
3.5 The Simulation by PVsyst 21
3.5.1 Tilt angle selection 21
3.5.2 Solar photovoltaic selection 22
3.5.3 Inverter selection 23
3.6 Financial and investment analysis 24
3.6.1 Data used in estimation 25
3.6.2 Estimation of total investment 27
3.6.3 Estimation of total operational cost 30
3.7 The financial analysis 31
CHAPTER 4 35
4.1 Results and interpretation 35
4.2 The main results of 10 MW grid-connected Bayanchandmani solar power plant 35
4.3 The results of financial analysis 37
4.3.1 The result of scenario-1 38
4.3.2 The result of scenario-2 38
CHAPTER 5 39
5.1 Introduction 39
5.2 Conclusion 39
5.3 Future work 40
References 41
APPENDICES 45
