Economics of Grid-Connected Distributed Captive PV Power Plants near Villages in India
| Author(s) | : | Harbans Singh, Harmeet Singh, Parm Pal Singh |
| Institution | : | Research Scholar, IK Gujral Punjab Technical University, Kapurthala, Punjab, India |
| Published In | : | Vol. 5, Issue 1 — January 2018 |
| Page No. | : | 359-369 |
| Domain | : | Engineering |
| Type | : | Research Paper |
| ISSN (Online) | : | 2348-4470 |
| ISSN (Print) | : | 2348-6406 |
Solar energy is most widely distributed renewable energy source as sunshine reaches the doorsteps of the consumersevery day. Being distributed energy source, solar energy is more suitable for distributed population in rural areas. Therefore, itwill be better to install large number of smaller distributed captive PV power plants near the villages rather than largeutility-scale PV power plants. No technology can grow in the market until and unless it is more economical than the existingtechnologies for the same purpose. In this paper, the economics of solar electricity from distributed captive PV power plantsnear villages have been evaluated with two types of loans i.e. existing ‘equated installment loan’ and proposed ‘variableinstallment loan’. The results have been calculated for all the six regions of India. Results show that with equated installmentloans, solar electricity from distributed captive PV power plants near villages is more economical than grid electricity in fourregions with capacity utilization factor of 17.69% and above. However, with variable installment loans, solar electricity is moreeconomical than grid electricity in all the six regions of India. Hence, banks need to start giving variable installment loans.
Harbans Singh, Harmeet Singh, Parm Pal Singh, “Economics of Grid-Connected Distributed Captive PV Power Plants near Villages in India”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 5, Issue 1, pp. 359-369, January 2018.
