Main Article Content
The demand for electricity generation around the world has significantly increased over the past decades, this is due to the growth in the world’s population, industrialization, economic activities and technological innovation; with various countries opting for alternative sources of renewable energy sources to replace the use of fossil fuel sources of energy whose availability has rapidly declined. The Nigeria power sector has experienced a major setback in power generation, distribution and the power consumption rates in the country has been very low compare to other African countries in electricity per capita. This study examines the designing of an affordable solar photovoltaic (PV) system in Nigeria using the cost and benefit method. Furthermore, a proposed PV electrification model was designed to calculate the Financial Internal Rate of Return (FIRR), Net Present Value (NPV) and Sensitivity analysis of installing a mini-grid system within the Federal Capital Territory (FCT). The result however showed that the system efficiency was calculated as FIRR was 17.5% and the NPV was at N320,897,841 which suggest that the project on this scale is economically viable in the FCT, making the life cycle cost per kWh, including the grid extension cost relatively low. Furthermore, the result obtained revealed that electricity generated from solar energy can contribute to the country’s economy and also eliminate or cut the pollution and toxic waste from the burning excess fossil fuel that releases large amount of CO2 into the atmosphere which affects human health and the environment.
Mekhilef S, Saidur R, Safari A. A review on solar energy use in industries. Renewable and sustainable energy reviews. 2011;15(4):1777-1790.
Alharthi AA, Alfehaid MA. World energy roadmap-a perspective; 2007.
Long W, Izuchukwu OO. A comparative study on solar photovoltaic industrial development in Germany, China and USA. Journal of Economics and Sustainable Development. 2013;4(10):124-130.
Florini A. The international energy agency in global energy governance. Global Policy. 2011;2:40-50.
National Research Council. Electricity from renewable resources: Status, prospects, and impediments. National Academies Press; 2010.
El-Shimy M. Viability analysis of PV power plants in Egypt. Renewable Energy. 2009;34(10):2187-2196.
Radhi H. On the value of decentralised PV systems for the GCC residential sector. Energy Policy. 2011;39(4):2020-2027.
Pavlović T, Milosavljević D, Radonjić I, Pantić L, Radivojević A, Pavlović M. Possibility of electricity generation using PV solar plants in Serbia. Renewable and sustainable energy reviews. 2013;20:201-218.
Alnaser NW, Flanagan R, Alnaser WE. Potential of making—over to sustainable buildings in the Kingdom of Bahrain. Energy and Buildings. 2008;40(7):1304-1323.
Adeyemo H. Challenges facing solar energy projects in Nigeria; A case study of Lagos state; 2013.
Kumar D. Economic assessment of photovoltaic energy production prospects in India. Procedia Earth and Planetary Science. 2015;11:425-436.
Sambo AS. Renewable energy for rural development: the Nigerian perspective. ISESCO Science and Technology Vision. 2005;1:12-22.
Ilenikhena P, Ezemonye L. Solar energy applications in Nigeria. WEC Montreal; 2010.
Bugaje IM. Renewable energy for sustainable development in Africa: A review. Renewable and sustainable energy reviews. 2006;10(6):603-612.
Augustine C, Nnabuchi MN. Relationship between global solar radiation and sunshine hours for Calabar, Port Harcourt and Enugu, Nigeria. International Journal of Physical Sciences. 2009;4(4):182-188.