Abstract
This paper presents the important parameters of the grid-connected photovoltaic power plant located in Vietnam including energy production, the number of photovoltaic panels (PV), and the number of the inverters. In this study, The PV Syt sofware is used for simulation. Besides, the project 1 MW installed capacity of grid-connected photovoltaic system, and the solar radiation of 63 locations in Vietnam is considered for simulation. Furthermore, an economic model was proposed to identify the Net Present Value (NPV), Internal Rate of Return (IRR), Levelized Cost of Energy (LCOE), and payback years (PB).
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