Techno-economic analysis and environmental impact assessment of 3 MW photovoltaic power plant in Bangladesh: a case study based on real data

M. A. Karim Miah, Nuruzzaman Rakib, M. Ahsan Habib (), M. Hasanuzzaman () and Sujoy Saha
Additional contact information
M. A. Karim Miah: Islamic University of Technology (IUT)
Nuruzzaman Rakib: Sonargaon University (SU)
M. Ahsan Habib: Islamic University of Technology (IUT)
M. Hasanuzzaman: UM Power Energy Dedicated Advanced Centre (UMPEDAC)
Sujoy Saha: Scube Technologies Limited

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, 2023, vol. 25, issue 12, No 63, 15205-15223

Abstract: Abstract Photovoltaic-based power generation is increasing in Bangladesh. With the high level of availability and being cost-effective in contrast with off-gird plants, grid-connected solar photovoltaic plants are growing popularity. The present research analyses the techno-economic and environmental feasibility of a 3 MW grid-connected PV plant in Ishwardi of Pabna district, Bangladesh, where 2 cases have been considered as 50% and 80% loan financing. With 50% loan financing, the NPV, IRR and PBP were found to be USD 1,849,450, 14% and 7.03 years, respectively. The cost of electricity by on-grid solar system was found to be USD 0.06285/kWh in case of 50% loan financing. In the case of 80% loan financing showed the NPV, IRR and PBP results to be USD 1,098,086, 10% and 10.37 years, respectively. In the 20 years of life cycle, the PV plant can generate about 83,933 MWh electricity that can reduce about 54,791 tons of CO2, 573.3 tons of SO2, 144.7 tons of NOx and 28.6 tons of CO generations compared to the current generation mix in Bangladesh.

Keywords: Solar energy; Photovoltaic; PV plant; Techno-economic analysis; GHG reduction (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10668-022-02634-7 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:endesu:v:25:y:2023:i:12:d:10.1007_s10668-022-02634-7

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/10668

DOI: 10.1007/s10668-022-02634-7

Access Statistics for this article

Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development is currently edited by Luc Hens

More articles in Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().