Technical and Economic Performance of 1MW Grid-connected PV system in Saudi Arabia

Abstract

In this paper, a feasibility study has been done utilizing real time solar irradiance data for a 1MW grid-connected PV system in Qassim region in the middle of Saudi Arabia. The analysis has been done using both technical and economic indicators. Technical performance indicators are; Yield Factor, Capacity Factor and Performance Ratio. Economic indicators are; Levelized cost of energy and simple payback time. The simulation results show high energy productivity, and both technical and economic indicators are high compared with similar systems in different countries. Also, the greenhouse gas emission reduction has been estimated. The prices of PV modules and balance of system components are up to date. The analysis results proved the viability of the proposed system supposing there is no any governmental incentives or grants which could make big difference..