International Journal For Multidisciplinary Research
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 6 Issue 2
Grid-Connected Solar-Biogas Power System for Cost Mitigation and Sustainability in a Bangladeshi University: A HOMER Pro Approach
|Md. Feroz Ali, Md. Abdul Halim
|This study examines the feasibility and impact of a solar-biogas power system integration at Pabna University of Science and Technology (PUST) in Bangladesh, optimized using HOMER Pro software. The main goal is to reduce energy costs and carbon emissions within the university. The proposed system combines solar and biogas with the existing grid, using net metering for enhanced efficiency and sustainability. The financial analysis shows a Total Net Present Cost (NPC) of BDT 231,587,200.00 with a competitive Levelized Cost of Energy (COE) at BDT 1.49 per kWh. The Internal Rate of Return (IRR) is 18.4%, with a payback period of 4.89 years, emphasizing the system's economic viability. Environmentally, it significantly reduces CO2 emissions from 1,960,780 kg to 840,268 kg annually, aligning with the university's sustainability goals. This study highlights the potential of renewable energy integration in Bangladeshi academic institutions, offering valuable insights for similar initiatives.
|Grid-Connected Solar-Biogas Power System, Net Metering, Levelized Cost of Energy (COE), Carbon Emissions Reduction and Sustainability Initiatives
|Volume 6, Issue 1, January-February 2024
|Grid-Connected Solar-Biogas Power System for Cost Mitigation and Sustainability in a Bangladeshi University: A HOMER Pro Approach - Md. Feroz Ali, Md. Abdul Halim - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12628
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