Abstract
In this study, a cost optimization and sensitivity analysis were carried out for the deployment of a photovoltaic (PV) system in a semiconductor facility in South Korea. The Microgrid software (HOMER) was used to simulate the performance of the system for the electrical load profile of a representative semiconductor manufacturing facility. We performed cost optimizations for grid-only, PV/battery, and grid/PV systems for the semiconductor facility. The environmental impact was evaluated by estimating the amount of polluting emissions. The grid-only system showed the lowest net present cost and cost of energy, and by connecting the PV system to the grid, the amount of pollutants was decreased by 10% with a renewable fraction 9%. If we consider a renewable PV/battery system, a 100% renewable fraction and zero emissions can be achieved. In addition, sensitivity analyses were performed. Under the assumption that PV costs decrease and grid costs increase, it was found that grid/PV and grid/PV/battery systems are economically more competitive than grid-only systems. Additionally, as feed-in tariffs are introduced to South Korea, it can be shown that a semiconductor facility with a PV system installed could generate profit by selling excess energy.
| Original language | English |
|---|---|
| Pages (from-to) | 2033-2041 |
| Number of pages | 9 |
| Journal | International Journal of Precision Engineering and Manufacturing |
| Volume | 14 |
| Issue number | 11 |
| DOIs | |
| Publication status | Published - 2013 Nov 1 |
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Keywords
- Grid-connected
- HOMER
- Microgrid
- Photovoltaic
- Semiconductor facility
- South korea
ASJC Scopus subject areas
- Electrical and Electronic Engineering
- Industrial and Manufacturing Engineering
- Mechanical Engineering
Cite this
Economic feasibility of a PV system for grid-connected semiconductor facilities in South Korea. / Choi, Hyung Jong; Han, Gwon Deok; Min, Jin Young; Bae, Kiho; Shim, Joon Hyung.
In: International Journal of Precision Engineering and Manufacturing, Vol. 14, No. 11, 01.11.2013, p. 2033-2041.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Economic feasibility of a PV system for grid-connected semiconductor facilities in South Korea
AU - Choi, Hyung Jong
AU - Han, Gwon Deok
AU - Min, Jin Young
AU - Bae, Kiho
AU - Shim, Joon Hyung
PY - 2013/11/1
Y1 - 2013/11/1
N2 - In this study, a cost optimization and sensitivity analysis were carried out for the deployment of a photovoltaic (PV) system in a semiconductor facility in South Korea. The Microgrid software (HOMER) was used to simulate the performance of the system for the electrical load profile of a representative semiconductor manufacturing facility. We performed cost optimizations for grid-only, PV/battery, and grid/PV systems for the semiconductor facility. The environmental impact was evaluated by estimating the amount of polluting emissions. The grid-only system showed the lowest net present cost and cost of energy, and by connecting the PV system to the grid, the amount of pollutants was decreased by 10% with a renewable fraction 9%. If we consider a renewable PV/battery system, a 100% renewable fraction and zero emissions can be achieved. In addition, sensitivity analyses were performed. Under the assumption that PV costs decrease and grid costs increase, it was found that grid/PV and grid/PV/battery systems are economically more competitive than grid-only systems. Additionally, as feed-in tariffs are introduced to South Korea, it can be shown that a semiconductor facility with a PV system installed could generate profit by selling excess energy.
AB - In this study, a cost optimization and sensitivity analysis were carried out for the deployment of a photovoltaic (PV) system in a semiconductor facility in South Korea. The Microgrid software (HOMER) was used to simulate the performance of the system for the electrical load profile of a representative semiconductor manufacturing facility. We performed cost optimizations for grid-only, PV/battery, and grid/PV systems for the semiconductor facility. The environmental impact was evaluated by estimating the amount of polluting emissions. The grid-only system showed the lowest net present cost and cost of energy, and by connecting the PV system to the grid, the amount of pollutants was decreased by 10% with a renewable fraction 9%. If we consider a renewable PV/battery system, a 100% renewable fraction and zero emissions can be achieved. In addition, sensitivity analyses were performed. Under the assumption that PV costs decrease and grid costs increase, it was found that grid/PV and grid/PV/battery systems are economically more competitive than grid-only systems. Additionally, as feed-in tariffs are introduced to South Korea, it can be shown that a semiconductor facility with a PV system installed could generate profit by selling excess energy.
KW - Grid-connected
KW - HOMER
KW - Microgrid
KW - Photovoltaic
KW - Semiconductor facility
KW - South korea
UR - http://www.scopus.com/inward/record.url?scp=84887507542&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84887507542&partnerID=8YFLogxK
U2 - 10.1007/s12541-013-0277-6
DO - 10.1007/s12541-013-0277-6
M3 - Article
VL - 14
SP - 2033
EP - 2041
JO - International Journal of Precision Engineering and Manufacturing
JF - International Journal of Precision Engineering and Manufacturing
SN - 1229-8557
IS - 11
ER -