An Advanced Complementary Scheme of FSPV-Grid Integrated and GMSPV-Grid Integrated System for Subsections of Steel Industry
2024 Fourth International Conference on Advances in Electrical, Computing, Communication and Sustainable Technologies (ICAECT)(2024)
Abstract
Floating solar photovoltaic system (FSPV) refers to the evolution of solar photovoltaic (PV) systems installed on water bodies as a result of improvements in ground mounted solar photovoltaics (GMSPV) system. In this paper, different techno-economic parameters for proposed FSPV-grid integrated and GMSPV-grid integrated systems are compared for the two subsections of a steel plant located in Bhilai, Chhattisgarh. The entire system has been simulated in HOMER energy software and the obtained results shows that the FSPV-grid integrated system has a great potential for the industries located near water bodies, despite of its high initial cost. However, grid purchase are less in case of FSPV-grid integrated system with more energy sold back to grid.The rate of return also found reduced in case of FSPVgrid integrated system.
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Key words
FSPV,Grid,Grid Purchase,Grid Sell,GMSPV,Internal Rate of Return (IRR),Return on Investment (RoI)
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