Heliyon (Jul 2024)
Comparative analysis of solar module configuration and tracking systems for enhanced energy generation in South Sakucia Union, Bhola, Bangladesh: A software based analysis
Abstract
Bangladesh is blessed with an extensive range of solar energy generation possibilities; however, the primary impediment to attaining its full potential in the solar energy industry is the inadequate budget in the energy sector. As a result, determining the most economical and efficient solar module configuration for each specific scenario has become a critical necessity. This study offers a comprehensive techno-economic analysis and environmental impact assessment of four distinct solar modules: monofacial, bifacial, dual-axis solar tracker, and seasonal tilt solar module, in an open area of South Sakucia Union, Bhola district, in the southwest part of Bangladesh. By integrating energy-generation capabilities, financial metrics, and environmental benefits, this research provides a holistic evaluation framework to ensure optimal economic performance and minimal adverse environmental effects for sustainable solar solutions in Bangladesh. Utilizing PV*SOL, PVsyst, and System Advisor Model (SAM) software, this study assesses energy-generation capabilities and economic viability. Despite the dual-axis solar tracker exhibiting the highest average energy generation (149,070.3 kWh/year), its higher initial cost renders it less financially viable compared to other configurations. Financial metrics reveal that the seasonal tilt configuration is the most cost-efficient, with the lowest Levelized Cost of Electricity (LCOE) at $0.0452/kWh and the highest Net Present Value (NPV) of $52,887.70. Additionally, it has the shortest Discounted Payback Period (DPBP) at 12.69 years, a favorable Internal Rate of Return (IRR) of 9.460 %, and a Profitability Index (PI) of 1.459, indicating robust returns on investment. These findings emphasize the importance of considering both energy-generation capabilities and financial metrics when evaluating solar module configurations in the southern part of Bangladesh, serving as a valuable reference for policymakers. Moreover, meticulous environmental impact assessments assist in choosing configurations with minimal adverse effects on the environment.
