Institutional Repository
Technical University of Crete
EN  |  EL

Search

Browse

My Space

Methodology for the design optimization and theeconomic analysis of grid-connected photovoltaic systems

Kornelakis A., Koutroulis Eftychios

Full record


URI: http://purl.tuc.gr/dl/dias/FCF545B3-B807-461C-A252-5EB51AD7287F
Year 2009
Type of Item Peer-Reviewed Journal Publication
License
Details
Bibliographic Citation A. Kornelakis, E. Koutroulis, “Methodology for the design optimization and the economic analysis of grid-connected photovoltaic systems”, IET Renewable Power Generation, vol. 3, no. 4, pp. 476-492, 2009. doi: 10.1049/iet-rpg.2008.0069 https://doi.org/10.1049/iet-rpg.2008.0069
Appears in Collections

Summary

In this study, a methodology for the design optimisation and the economic analysis of photovoltaic grid-connected systems (PVGCSs) is presented. The purpose of the proposed methodology is to suggest, among a list of commercially available system devices, the optimal number and type of system devices and the optimal values of the photovoltaic (PV) module installation details, such that the total net economic benefit achieved during the system operational lifetime period is maximised. The decision variables included in the optimisation process are the optimal number and type of the PV modules and the DC/AC converters, the PV modules optimal tilt angle, the optimal arrangement of the PV modules within the available installation area and the optimal distribution of the PV modules among the DC/AC converters. The economic viability of the resulting PVGCS configuration is explored according to the net present value, the discounted payback period and the internal rate of return methods. The proposed method has been applied for the optimal design of a PVGCS interconnected to the electric network of an island with significant solar irradiation potential and the corresponding optimal sizing and economic analysis results are presented.

Services

Statistics