Techno Economic Analysis of Solar Photovoltaic

Added on - 29 Apr 2020

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Running head: TECHNO-ECONOMIC ANALYSIS OF SOLAR PV IN NEW ZEALAND1Techno – Economic Analysis of Solar Photovoltaic in New ZealandNameInstitution
TECHNO-ECONOMIC ANALYSIS OF SOLAR PV IN NEW ZEALAND2IntroductionThe use of solar power in New Zealand in the current days contributes to more than0.1% of the overall electricity generation in the country. With the current increasing demandfor the PV solar power, the country will have to undergo economic changes. The content ofthis paper therefore analyses the photovoltaic energy generation in New Zealand.PV Technical CharacteristicsThe solar energy use in New Zealand has increased since the year 2014 based on itssustainable characteristics. The most solar energy used in New Zealand is solar photovoltaicknown as PV. The generation of PV has various technical characteristics which has resultedinto the increased use of solar energy in New Zealand. The main technical characteristicwhich has made generation of PV more effective is its environmental effect (UMR-MECConference on Energy, Morgan & Missouri, 2007). According to the report revealed by theparliamentary commissioner indicates that generation of PV in the country reduces carbonfootprint in New Zealand even though the rate is low. Moreover, the photovoltaic panels haveno mechanical moving part thus very easy to use to generate electricity, the generation of PValso occurs in one way thus direct and easy to maintain..Another main characteristic of PV generation is its zero carbon emission abilityduring the all process thus most countries are investing in the solar power to reduce thecarbon footprint. In New Zealand the carbon footprint is too low thus reduced use of the solarpower (Ogach 2011). Generation of PV during the winter is too low affective. The PVpanels are made in a way not to store the converted solar power into PV for a long time andthis affects the users during the seasons. This can be improved through manufacture ofpowerful batteries which can help with the storage of power generated by the solarphotovoltaic panels (Ogach 2011).
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