TECHNICAL PARAMETER ESTIMATION AND COST ANALYSIS OF A MODELED SOLAR POWER PLANT (CASE STUDY) by Ramanpreet Kaur
The world energy consumption is the main matter for the social and political aspects. The power generation using conventional sources like coal, oil, and gas is mostly preferred for large capacity plants over the years. These sources cause emissions and due to the depleting of fossil fuels, the need is to focus on the renewable energy sources. The second main reason behind using renewable energy sources is fuel cost. Global warming is caused by human activities. Every country’s government takes efforts to reduce emission. The rising prices are also causing instability. Therefore, it is beneficial to use PV solar system to meet the power demand. Availability of renewable sources at large distance locations recommends grid integration for easy and reliably transmits power. For designing of a uitable solar PV plant it is necessary to estimate techno, economical parameters of the plant. In this thesis work, technical parameters of a PV solar plant are estimated and cost of plant is analysis to check the feasibility of the plant. Modeling of PV solar array has been carried out and implemented in MATLAB. The simulation results have been provided and output of the system is studied. Hence the payback period is calculated.
