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

Juan Pedrero, Patxi Hernández and Álvaro Martínez
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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

Energies, 2021, vol. 14, issue 3, 1-12

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.

Keywords: photovoltaics; legislation; renewable energy; industrial parks; sustainability; self-consumption; LCC (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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