Techno-economic Assessment of Local Energy Systems

Techno-economic
Assessment of Local
Energy Systems

Contents
INTRODUCTION...........................................................................................................................3
TASK 1: Choose a suitable location for the property development................................................3
TASK 2: Load Analysis sheet of PvSA and adopt consumption profile of summer and winter.....3
Final summer and winter load tables......................................................................................4
Seasonal load summary table.................................................................................................5
Annual load summary table, daily consumption, and peak load............................................6
Summary plots for average daily consumption and peak load...............................................7
TASK 3: Economical rooftop PV system........................................................................................7
Proposed investment financially viable..................................................................................7
Home electricity demand met by system................................................................................7
The maximum and actual capacity factor of system..............................................................7
CO2 saved annually................................................................................................................8
TASK 4: Plot graphs of total investment, Net present value, and total customer savings..............8
Total investment graph...........................................................................................................8
Net Present Value...................................................................................................................9
Total customer savings...........................................................................................................9
TASK 5: How to reduce the cost of system...................................................................................10
TASK 6: Most economical option to power the estate..................................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
This report is based on the use of photovoltaic energy generation and how it contributes to
the recent scenario of renewable energy solutions. This report is based on different aspects of
renewable energy solutions in the property market and understanding the use of renewable
energy solutions and how it is effective and efficient in the current scenario. Renewable energy
solutions emit no or low air pollutants because it is considered safe for the health of people.
Renewable energy solutions are also based on the emission of low or no greenhouse gases and it
is considered safe and healthy for the climate. This report is based on De Montfort University
spin-off company which specializes in renewable energy solutions and is based on providing a
suitable location for developing property in the UK property market and provide them with
suitable property which complete electricity needs through photovoltaic energy generation
(Awan, 2019).
TASK 1: Choose a suitable location for the property development
This part of the report focuses on choosing a suitable location for a multinational property
development organization that is looking to enter in UK market and choosing a suitable location
for the organization. A photovoltaic generation system is considered a system that is composed
of one or more than one solar panel which is combined with an inverter and other mechanical
and electrical hardware which uses energy from the sun to generate electricity for use. This type
of system is available in different sizes which can vary from portable to rooftop system. The best
suitable location for installing a photovoltaic generation system should be anywhere in the south
of the UK because the UK belongs in the northern hemisphere and it means that the sun is above
the equator and solar panels will be effective if they are south facing because in the south
direction panels will face the sun the whole day. It helps panels in collecting sunlight and
converts it into energy for effective utilization (de la Calle, Bayon, and Pye, 2020). Given the
idea of the enlistment and the way that there was no UK-based point of reference to gain from
the exploration directing gathering concluded that standards would be set on life-stage just, to try
not to make the enlistment unreasonable or impossible. Life-stage bunches were chosen as
follows:
• Single beneficiary household
• Single non-beneficiary household

• Numerous retired person household
• Families with youngster/kids;
• Numerous individual families without any kids living at home.
CV information base location postings were created for each example point. If quantity targets
were not met from inside the dispensed CV locations, questioners utilized 'compounding' 6 from
inside the equivalent test highlight to meet the portion. Standards were spread across the year to
guarantee that segment bunches were part across various seasons and to stay away from a
specific segment subgroup from being checked at one specific season. No weighting has been
applied to the information as the expectation is to make examinations between the ecological
perspectives on the investigation test against public information on these issues. Weighting the
information to the profile of the public populace would cover any distinctions ought to there any
kind.