Economic viability of stand-alone solar photovoltaic system in comparison with diesel-powered system for India

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Date
2002
Authors
Kolhe, Mohanlal
Kolhe, Sunita
Joshi, J C
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Abstract
The economic viability of a stand-alone solar photovoltaic (PV) system with the most likely conventional alternative system, i.e. a diesel-powered system, has been analysed for energy demand through sensitivity analysis using a life-cycle cost computation. The sensitivity analysis allows estimation of the comparative viability of PV against a conventional alternative system based on particular country-specific parameters. The overall PV best and worst case viability, as compared to a conventional diesel-powered system, have been obtained from sensitivity analysis of the energy demand.
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Keywords
Alternative energy sources, Solar photovoltaic, (PV), Life-cycle cost LCC), Sensitivity analysis
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