Multi-dimensional potential assessment of grid-connected mega-scale floating PV power plants across heterogeneous climatic zones

Abstract

Floating Photovoltaic (FPV) systems are gradually becoming more desirable due to a multitude of reasons, encompassing proximity to urban water reservoirs (facilitating city access) and their technical advantages. Climate change potentially presents risks of drought and FPV can potentially benefit by providing clean energy as well as saving water from evaporation. However, detailed studies are required to comprehensively evaluate the potential of FPV considering not only the technical parameters but evaluating the climatic effects as well. This paper presents an integrated multi-dimensional framework for the analysis of 2.5 MW grid-connected FPV systems over different climatic zones. In the first layer, a techno-economic and performance evaluation is carried out by fine-tuning different inputs of systems to make it ideal for proposed analyses under actual FPV conditions. Similarly, in the second layer environmental along with forest absorbing carbon analyses are performed. While socio analysis observed in the third fold is based on various SDGs and their indicators. Results reveal that the Dam with cold in winter and hot in summer climate conditions observed a most feasible site with a Levelized cost of energy (LCOE) of $0.047/kWh and a Net present value (NPV) of million $1.7705, respectively. In contrast, a Dam with mild cold climate conditions proves the least feasible site with LCOE of $0.057/kWh and NPV of million $1.0256, respectively. Similarly, the former Dam saved 20.50% higher CO2 emissions as compared to the latter, as well as required hectares of forest absorbing carbon. A comparative analysis observes a capacity factor of 22% and a performance ratio (PR) of 5%–10% higher as compared to solar photovoltaic (SPV) for dams with extreme weather.