Economic feasibility of a PV system for grid-connected semiconductor facilities in South Korea

Hyung Jong Choi, Gwon Deok Han, Jin Young Min, Kiho Bae, Joon Hyung Shim

Research output: Contribution to journalArticle

5 Citations (Scopus)

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 languageEnglish
Pages (from-to)2033-2041
Number of pages9
JournalInternational Journal of Precision Engineering and Manufacturing
Volume14
Issue number11
DOIs
Publication statusPublished - 2013 Nov 1

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Semiconductor materials
Economics
Costs
Sensitivity analysis
Environmental impact
Profitability
Sales

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 journalArticle

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