GHG Emission Reduction Analysis Regarding Financial Viability of Grid-connected PV Solar System

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Islam F.; Islam Md. Mominul

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Journal Paper

Paper Information

Journal: RENEWABLE ENERGY RESEARCH AND APPLICATIONS Year:2024 | Volume:5 | Issue:1 Page(s): 73-81

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Information Journal Paper

Title

GHG Emission Reduction Analysis Regarding Financial Viability of Grid-connected PV Solar System

Author(s)

Islam F. | Islam Md. Mominul | Issue Writer Certificate

Keywords

GHG Emissions

Sustainable Energy

Environment

PV System

RETScreen Software

Abstract

Sustainable Development Goal 13 is an activity committed with the intention of stabilizing greenhouse gas (GHG) levels in the environment to stop potentially harmful human meddling with the climate system. GHG are released into the environment from various non-renewable energy sources of power generation and many industries that cause extensive damage to the environment. Some countries have begun to implement various pollution prevention strategies, such as power generation from renewable energy sources, which emit no greenhouse gases (GHG) or CO2. This study focuses on an analysis of GHG emission reduction along with the financial feasibility of a grid-connected 100MW PV solar system. This study uses RETScreen software to evaluate the GHG emissions reduction analysis as well as a financial analysis of the system. The annual electricity supplied to the local grid of the proposed PV power plant is 137,481MWh. The cost of reducing CO2 emissions has a positive impact on the overall cumulative cash flow of the proposed system.

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