Financial Analysis of Utility Scale Photovoltaic System with Battery Energy Storage System in Nepal
Date
2023-07
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
I.O.E. Pulchowk Campus
Abstract
Renewable energy technologies (RETs) are essential for mitigating greenhouse gas
emissions and transitioning to clean energy sources. Among various RETs, solar
photovoltaic (PV) systems have gained attention as efficient and effective solutions.
However, PV generation is intermittent and variable due to the diurnal cycle of solar
geometry and weather conditions. Battery energy storage systems (BESS) integrated
into PV systems can address these challenges by storing energy for later use.
Nepal’s energy sector mainly depends on hydropower, which can be affected by natural
and seasonal variations. To improve energy security and diversify its energy sources,
the government has set goals to increase the use of solar and other renewable energy
technologies in power generation. Nepal's favourable geography and abundant solar
radiation make it suitable for deploying solar PV systems. Nepal receives an average of
3.6 to 6.2 kWh/m2/day of solar radiation and around 300 days of sunshine annually.
Description
Renewable energy technologies (RETs) are essential for mitigating greenhouse gas
emissions and transitioning to clean energy sources. Among various RETs, solar
photovoltaic (PV) systems have gained attention as efficient and effective solutions.
Keywords
Financial Analysis,, Photovoltaic System,, Utility Scale