Techno-economic analysis of commercial-scale 15 MW on-grid ground solar PV systems in Bakalia: A feasibility study proposed for BPDB

Abstract

Renewable energy systems, such as solar power, are becoming increasingly important worldwide due to the limited supply of non-renewable energy sources. Solar power stands out as a practical choice for electricity generation because it's simple to set up and costs less than other renewable options. Solar-based on-grid or grid-tied systems are more effective compared to other PV grid systems due to their more reasonable installation system, favorable maintenance, and less complex system. This study was designed with a solar-based grid-tied system. This study evaluates the performance and economic viability of a 15 MW on-grid photovoltaic (PV) system in Bakalia Char, Chittagong, Bangladesh, and will propose this study for the Bangladesh Power Development Board (BPDB). Developing a clean energy system in Bangladesh is the main purpose of this study. This system performed efficiently, with an 84.03 % performance ratio, produced energy of 21,510.186 MWh/year and proved economically attractive with a 4.5-year payback period, a competitive electricity cost of 0.024 USD/kWh, and a 389 % return on investment(ROI%). Using software like PVsyst and SketchUp ensures precise system design and optimal module placement. Also, use a better PV panel system whose efficiency is higher than that of another PV panel system designed for a similar project. This system boosts local electricity production and aligns with sustainable energy goals. Its success is a valuable model for future solar projects in similar regions facing energy challenges. The system also shows significant environmental benefits, with a projected reduction of approximately 252,168.5 tons of CO₂ emissions over its operational lifespan.