Case Study: Environmental, Techno-economic feasibility analysis of grid-connected photovoltaic power plants in China using RETScreen

Dongpo Chen; Lei Zhao; Hailing Li; Chunlan Zhou; Wenjing Wang
October 2014
Applied Mechanics & Materials;2014, Issue 672-674, p13
Academic Journal
Case Study
Photovoltaic (PV) industry in China shows more growth potential because of the favorable political support, deep market penetration will be expected to follow. A detailed and comprehensive assessment for photovoltaic (PV) power plant is extremely necessary. This paper study the feasibility and profitability of the grid connect PV power plant by analyzing a case using RETScreen photovoltaic project model. It was concluded from this study that finding the optimal tilt angle is extremely necessary for the fixed installation. All kinds of financial indicators show that the project has good profitability, whether considering greenhouse gasses reduction credits or not. In addition, the results from sensitivity and risk analysis showed that avoided cost of energy, renewable energy production and initial cost have great effects on net present value (NPV). The effects of annual cost, debt rate and debt term on NPV are so small that we can ignore their impact. This study is of high value when attempting to analyze PV power plants comprehensively.


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