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

Mohanlal Kolhe, Sunita Kolhe, J. C. Joshi

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    138 Citations (Scopus)

    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.
    Original languageEnglish
    Pages (from-to)155-165
    Number of pages11
    JournalEnergy Economics
    Volume24
    Issue number2
    DOIs
    Publication statusPublished - Mar 2002

    Keywords

    • Alternative energy sources
    • Solar photovoltaic (PV)
    • Life-cycle cost (LCC)
    • Sensitivity analysis

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