A Review on Techno-Economic Study for Supporting Building with PV-Grid-Connected Systems under Saudi Regulations

Abstract

As the demand for electricity continues to grow in Saudi Arabia, finding ways to increase power generation becomes increasingly important. However, conventional power generation methods such as burning fossil fuels contribute significantly to environmental pollution and harm human health through the emissions of greenhouse gases. One potential solution to this problem is the use of solar energy, which has the advantage of being abundant in Saudi Arabia due to its location in the sun belt. When compared to conventional power generation methods, solar energy is a viable alternative, particularly when the indirect costs of fossil fuels, such as harm to the environment and human health, are considered. Using photovoltaic cells to convert sunlight into electrical energy is a key method for producing clean energy. Despite the initial cost of investing in solar energy infrastructure, it is ultimately less expensive than electricity derived from fossil fuels. In recognition of the potential of solar energy, the Saudi government has outlined an ambitious plan to install 41 GW of solar capacity and invest USD 108.9 billion by 2032. Additionally, financing and significant tax benefits have been provided to promote the development of the solar industry. This research article reviews the techno-economic analysis of PV power plants and examines previous policy papers and the existing research on the topic.