The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa

Adeniyi Kehinde Onaolapo; G. Sharma; S. Sharma; Temitope Adefarati

doi:10.1109/CISCT55310.2022.10046464

The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa

Adeniyi Kehinde Onaolapo^*
, G. Sharma
, S. Sharma
, Temitope Adefarati

^*Corresponding author for this work

School of Electrical Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

5 Citations (Scopus)

Abstract

Power generation from solar photovoltaic (PV) involves uncertainties due to its intermittent nature. Battery storage system (BSS) acts as both a store of energy and a source of supply during the solar off-peak periods. The capacity of BSS degrades over time. Hence, economic assessment of grid-linked solar PV systems is imperative. Currently, implementing rooftop grid-linked solar PV systems has had its cost decrease drastically. Energy policies and optimization guidelines need to be constructed on this constant change in the efficiency and cost of electric power technologies. In this paper, the effect of a continuous decrease in the cost of solar technology equipment on the economic feasibility of residential rooftop solar PV systems in the KwaZulu-Natal province of South Africa is investigated. This feasibility is based on the International Renewable Energy Agency's finding that solar PV is the renewable energy technology with the highest reduction in cost, having its average Levelized cost of electricity (LCOE) dropped by 85% between 2010 and 2020. The competitiveness of solar PV in electricity generation is emphasized by the findings, thereby contributing further to the country's total energy mix.

Original language	English
Title of host publication	Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9781665474160
DOIs	https://doi.org/10.1109/CISCT55310.2022.10046464
Publication status	Published - 2022
Event	2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022 - Dehradun, India Duration: 23-12-2022 → 24-12-2022

Publication series

Name	Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022

Conference

Conference	2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022
Country/Territory	India
City	Dehradun
Period	23-12-22 → 24-12-22

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

All Science Journal Classification (ASJC) codes

Artificial Intelligence
Computer Science Applications
Hardware and Architecture
Human-Computer Interaction
Information Systems and Management
Renewable Energy, Sustainability and the Environment
Control and Optimization

Access to Document

10.1109/CISCT55310.2022.10046464

Cite this

Onaolapo, A. K., Sharma, G., Sharma, S., & Adefarati, T. (2022). The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa. In Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022 (Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/CISCT55310.2022.10046464

Onaolapo, Adeniyi Kehinde ; Sharma, G. ; Sharma, S. et al. / The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa. Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022. Institute of Electrical and Electronics Engineers Inc., 2022. (Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022).

@inproceedings{655ba7b971924a57ba19ce1381d348e9,

title = "The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa",

abstract = "Power generation from solar photovoltaic (PV) involves uncertainties due to its intermittent nature. Battery storage system (BSS) acts as both a store of energy and a source of supply during the solar off-peak periods. The capacity of BSS degrades over time. Hence, economic assessment of grid-linked solar PV systems is imperative. Currently, implementing rooftop grid-linked solar PV systems has had its cost decrease drastically. Energy policies and optimization guidelines need to be constructed on this constant change in the efficiency and cost of electric power technologies. In this paper, the effect of a continuous decrease in the cost of solar technology equipment on the economic feasibility of residential rooftop solar PV systems in the KwaZulu-Natal province of South Africa is investigated. This feasibility is based on the International Renewable Energy Agency's finding that solar PV is the renewable energy technology with the highest reduction in cost, having its average Levelized cost of electricity (LCOE) dropped by 85\% between 2010 and 2020. The competitiveness of solar PV in electricity generation is emphasized by the findings, thereby contributing further to the country's total energy mix.",

author = "Onaolapo, \{Adeniyi Kehinde\} and G. Sharma and S. Sharma and Temitope Adefarati",

note = "Publisher Copyright: {\textcopyright} 2022 IEEE.; 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022 ; Conference date: 23-12-2022 Through 24-12-2022",

year = "2022",

doi = "10.1109/CISCT55310.2022.10046464",

language = "English",

series = "Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

booktitle = "Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022",

address = "United States",

}

Onaolapo, AK, Sharma, G, Sharma, S & Adefarati, T 2022, The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa. in Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022. Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022, Institute of Electrical and Electronics Engineers Inc., 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022, Dehradun, India, 23-12-22. https://doi.org/10.1109/CISCT55310.2022.10046464

The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa. / Onaolapo, Adeniyi Kehinde; Sharma, G.; Sharma, S. et al.
Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022. Institute of Electrical and Electronics Engineers Inc., 2022. (Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

TY - GEN

T1 - The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa

AU - Onaolapo, Adeniyi Kehinde

AU - Sharma, G.

AU - Sharma, S.

AU - Adefarati, Temitope

PY - 2022

Y1 - 2022

N2 - Power generation from solar photovoltaic (PV) involves uncertainties due to its intermittent nature. Battery storage system (BSS) acts as both a store of energy and a source of supply during the solar off-peak periods. The capacity of BSS degrades over time. Hence, economic assessment of grid-linked solar PV systems is imperative. Currently, implementing rooftop grid-linked solar PV systems has had its cost decrease drastically. Energy policies and optimization guidelines need to be constructed on this constant change in the efficiency and cost of electric power technologies. In this paper, the effect of a continuous decrease in the cost of solar technology equipment on the economic feasibility of residential rooftop solar PV systems in the KwaZulu-Natal province of South Africa is investigated. This feasibility is based on the International Renewable Energy Agency's finding that solar PV is the renewable energy technology with the highest reduction in cost, having its average Levelized cost of electricity (LCOE) dropped by 85% between 2010 and 2020. The competitiveness of solar PV in electricity generation is emphasized by the findings, thereby contributing further to the country's total energy mix.

AB - Power generation from solar photovoltaic (PV) involves uncertainties due to its intermittent nature. Battery storage system (BSS) acts as both a store of energy and a source of supply during the solar off-peak periods. The capacity of BSS degrades over time. Hence, economic assessment of grid-linked solar PV systems is imperative. Currently, implementing rooftop grid-linked solar PV systems has had its cost decrease drastically. Energy policies and optimization guidelines need to be constructed on this constant change in the efficiency and cost of electric power technologies. In this paper, the effect of a continuous decrease in the cost of solar technology equipment on the economic feasibility of residential rooftop solar PV systems in the KwaZulu-Natal province of South Africa is investigated. This feasibility is based on the International Renewable Energy Agency's finding that solar PV is the renewable energy technology with the highest reduction in cost, having its average Levelized cost of electricity (LCOE) dropped by 85% between 2010 and 2020. The competitiveness of solar PV in electricity generation is emphasized by the findings, thereby contributing further to the country's total energy mix.

UR - https://www.scopus.com/pages/publications/85149438358

UR - https://www.scopus.com/pages/publications/85149438358#tab=citedBy

U2 - 10.1109/CISCT55310.2022.10046464

DO - 10.1109/CISCT55310.2022.10046464

M3 - Conference contribution

AN - SCOPUS:85149438358

T3 - Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022

BT - Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022

Y2 - 23 December 2022 through 24 December 2022

ER -

Onaolapo AK, Sharma G, Sharma S, Adefarati T. The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa. In Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022. Institute of Electrical and Electronics Engineers Inc. 2022. (Proceedings - 2022 2nd International Conference on Innovative Sustainable Computational Technologies, CISCT 2022). doi: 10.1109/CISCT55310.2022.10046464

The Economic Feasibility and Cost Reduction of Grid-linked Solar PV Systems in South Africa

Abstract

Publication series

Conference

UN SDGs

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this