Techno-economic assessment of a stand-alone PV/hybrid installation for low-cost electrification of a tourist resort in Greece

G. C. Bakos and M. Soursos

Applied Energy, 2002, vol. 73, issue 2, 183-193

Abstract: This paper reports on the techno-economic assessment of an autonomous hybrid PV/diesel system installed in a bungalow complex in Elounda, Crete. Technical and economic factors are examined using a computerized renewable-energy technologies assessment tool. Several different economic and financial feasibility indices are calculated, such as the Internal Rate-of-Return (IRR), Year-to-positive cash flow, Net Present Value (NPV) and the simple Pay-Back Period (PBP) for different financing scenarios, in order to assess the gross return on the investment.

Date: 2002
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Citations: View citations in EconPapers (15)

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