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Photovoltaics : reviewing the European feed-in-tariffs and changing PV efficiencies and costs
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Zhang, H. L., Van Gerven, T., Baeyens, Jan and Degrève, J. (2014) Photovoltaics : reviewing the European feed-in-tariffs and changing PV efficiencies and costs. The Scientific World Journal, Volume 2014 . Article number 404913. doi:10.1155/2014/404913
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Official URL: http://dx.doi.org/10.1155/2014/404913
Abstract
Feed-in-Tariff (FiT) mechanisms have been important in boosting renewable energy, by providing a long-term guaranteed subsidy of the kWh-price, thus mitigating investment risks and enhancing the contribution of sustainable electricity. By ongoing PV development, the contribution of solar power increases exponentially. Within this significant potential, it is important for investors, operators, and scientists alike to provide answers to different questions related to subsidies, PV efficiencies and costs. The present paper therefore (i) briefly reviews the mechanisms, advantages, and evolution of FiT; (ii) describes the developments of PV, (iii) applies a comprehensive literature-based model for the solar irradiation to predict the PV solar energy potential in some target European countries, whilst comparing output predictions with the monthly measured electricity generation of a 57 m² photovoltaic system (Belgium); and finally (iv) predicts the levelized cost of energy (LCOE) in terms of investment and efficiency, providing LCOE values between 0.149 and 0.313 €/kWh, as function of the overall process efficiency and cost. The findings clearly demonstrate the potential of PV energy in Europe, where FiT can be considerably reduced or even be eliminated in the near future.
| Item Type: | Journal Article | ||||||||
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| Subjects: | T Technology > TJ Mechanical engineering and machinery T Technology > TK Electrical engineering. Electronics Nuclear engineering |
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| Divisions: | Faculty of Science, Engineering and Medicine > Engineering > Engineering | ||||||||
| Library of Congress Subject Headings (LCSH): | Photovoltaic power generation -- Europe, Photovoltaic power generation -- Costs, Electric power production -- Europe, Solar energy -- Economic aspects | ||||||||
| Journal or Publication Title: | The Scientific World Journal | ||||||||
| Publisher: | Hindawi Publishing Corporation | ||||||||
| ISSN: | 1537-744X | ||||||||
| Official Date: | 14 May 2014 | ||||||||
| Dates: |
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| Volume: | Volume 2014 | ||||||||
| Number of Pages: | 10 | ||||||||
| Article Number: | Article number 404913 | ||||||||
| DOI: | 10.1155/2014/404913 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Open Access |
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