Techno-economic Assessment of Local Energy Systems

Techno-economic
Assessment of Local
Energy Systems

Contents
INTRODUCTION...........................................................................................................................3
TASK 1: Choose 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
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 cost of system.........................................................................................10
TASK 6: Most economical option to power the estate..................................................................10
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
This report is based on use of photovoltaic energy generation and how it contributes in
recent scenario of renewable energy solutions. This report is based on different aspects of
renewable energy solutions in property market and understanding use of renewable energy
solutions and how it is effective and efficient in current scenario. Renewable energy solutions
emit no or low air pollutants because it is considered safe for health of people. Renewable energy
solutions are also based on emission of low or no greenhouse gases and it is considered safe and
healthy for climate. This report is based on De Montfort University spin-off company which
specialises in renewable energy solutions and based on providing suitable location for
developing property in UK property market and provide them with suitable property which
complete electricity needs through photovoltaic energy generation (Awan, 2019).
TASK 1: Choose suitable location for the property development
This part of report focuses on choosing suitable location for multinational property
developer organisation which is looking to enter in UK market and choosing suitable location for
organisation. Photovoltaic generation system is considered as system which is composed of one
or more than one solar panels which is combined with an inverter and other mechanical and
electrical hardware which uses energy from sun to generate electricity for use. This type of
system is available in different size which can vary from portable to rooftop system. The best
suitable location for installing photovoltaic generation system should be anywhere in south of
UK because UK belongs in northern hemisphere and it means that sun is above equator and solar
panels will be effective if they are south facing because in south direction panels will faced sun
the whole day. It helps panels in collecting sunlight and convert it into energy for effective
utilization (de la Calle, Bayon and Pye, 2020).
TASK 2: Load Analysis sheet of PvSA and adopt consumption profile of
summer and winter
Load analysis help in understanding the consumption of data for basic home appliances and
information on power consumption and load profiles help in understanding about load
management in dwelling accurately. Load analysis and power consumption analysis is conducted
for understanding power consumption of every home appliance and also help in understanding

about operating modes and cycles of different appliances. This part focuses on understanding the
current trends based on use of appliances in home and analysing load (Kobashi and et. al., 2020).
Final summer and winter load tables
Summer Load
I
D
Appli-
ance
Maximum
Power
(kW)
Utilization Factor
12:0
0:00
AM
2:00
:00
AM
4:00
:00
AM
6:00
:00
AM
##
##
##
##
10:0
0:00
AM
12:0
0:00
PM
2:00
:00
PM
4:00
:00
PM
6:00
:00
PM
8:00
:00
PM
10:0
0:00
PM
1
Electric
Shower 10.00 0% 0% 0% 25% 0% 0% 0% 0% 0% 0% 25% 0%
2
Hairdrye
r 20.00 0% 0% 0% 13% 0% 0% 0% 0% 0% 0% 13% 0%
3
Electric
Oven 30.00 0% 0% 0% 25% 0% 0% 0% 0% 0% 50% 0% 0%
4
Ten 40W
Light
Bulbs 40.00 0% 0% 0% 50%
50
% 0% 0% 0% 0%
100
%
100
% 50%
5
Fridge-
freezer 50.00 60% 55% 50% 65%
60
% 50% 50% 50% 50% 65% 70% 65%
6
Broad-
band
Router 60.00
100
%
100
%
100
%
100
%
10
0%
100
%
100
%
100
%
100
%
100
%
100
%
100
%
7 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
8 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
9 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1
0 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1
1 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1
2 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1
3 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1
4 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1
5 0.00 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
I Appli- Maxi- Utilization Factor