Analysis of grid connected solar PV system in the southeastern part of Bangladesh

Abstract

Bangladesh is a potential site of implementing renewable energy system to reduce the severe power crisis throughout the year. According to this, Chittagong is the southeastern part of Bangladesh is also a potential site for implementing renewable energy system such as grid-connected photovoltaic (PV) system. Financial viability and green-house gas emission reduction of solar PV as an electricity generation source are assessed for 500 kW grid connected solar PV system at University of Chittagong, Chittagong. Homer simulation software and monthly average solar radiation data from NASA is used for this task. In the proposed system monthly electricity generation varies between 82.65 MW h and 60.3 MW h throughout the year with a mean value of 68.25 MW h depending on the monthly highest and lowest solar radiation data. It is found that per unit electricity production cost is US$ 0.20 based on project lifetime 25 years. The IRR, equity payback and benefit-cost ratio shows favorable condition for development of the proposed solar PV system in this site. A minimum 664 tones of green-house gas emissions can be reduced annually utilizing the proposed system.