Impact of a photovoltaic installation on economic efficiency on the example of a company with high energy consumption

• Autorzy: Mikulik Jerzy , Niekurzak Mariusz

Identyfikatory

DOI

10.29119/1641-3466.2023.169.31

• Języki publikacji: EN

Abstrakty

EN

Purpose: The research objective of the work is to quantify the levels of profitability of a photovoltaic installation for a company from the clothing industry. The authors of the article answer the question of where and under what boundary conditions in Poland there is already economic justification for the construction of photovoltaic power plants producing energy for the needs of their own business activity. Design/methodology/approach: The study was conducted using the methods of models of economic measures. These methods allowed the authors to calculate the market value of the investment with the assumed boundary criteria and to determine the economic efficiency of the investment. In addition, the authors made an analysis of the energy consumption of the company's implementation of individual manufacturing processes. The research was carried out in the period 2020-2022 on the example of a real PV installation. Findings: Installing a photovoltaic system in production plants brings many benefits. It should be noted that each kWh produced in a PV installation makes the investor independent of the grid distributor, reduces the consumption of energy from conventional sources, minimizes the emission of pollutants into the atmosphere and favors economic development. In addition, investment in this type of installation allows for obtaining income from the sale of surplus energy produced. Practical implications: The presented models have shown that the project of their implementation is fully economically justified and will allow investors to make a rational investment decision. Originality/value: The contribution of this work is to obtain data that allowed the authors to indicate directions for improvement that may contribute to a more reliable assessment of the profitability of the tested installations. The proposed research can improve the planning of new industrial plants in terms of PV Installations as well as the redesign of existing ones.

Słowa kluczowe

EN

profitability account; economic analysis; energy analysis; renewable energy sources; photovoltaic panels; energetic efficiency

PL

rachunek rentowności; analiza ekonomiczna; analiza energetyczna; odnawialne źródła energii; panele fotowoltaiczne; efektywność energetyczna

• Wydawca: Wydawnictwo Politechniki Śląskiej
• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2023
• Tom: z. 169
• Strony: 522--540
• Opis fizyczny: Bibliogr. 24 poz.

Twórcy

autor

Mikulik Jerzy

• AGH University of Science and Technology, Faculty of Management

• https://orcid.org/0000-0002-3198-751X

autor

Niekurzak Mariusz

• AGH University of Science and Technology, Faculty of Management

• https://orcid.org/0000-0003-4966-8389

Bibliografia

• 1. Ahmad, M., Isik, C., Jabeen, G., Ali, T., Ozturk, I., Atchike, D. (2021). Heterogeneous links among urban concentration, non-renewable energy use intensity, economic development, and environmental emissions across regional development levels. Sci. Total Environ, 765, 144527.
• 2. Alvarado, R., Tillaguango, B., Dabar, V., Ahmad, M., Isik, C. (2021). Ecological footprint, economic complexity and natural resources rents in Latin America: Empirical evidence using quantile regressions. J. Clean. Prod., 318, 128585.
• 3. Benalcazar, P., Suski, A., Kamiński, J. (2020). The Effects of Capital and Energy Subsidies on the Optimal Design of Microgrid Systems. Energies, vol. 13, No. 4, doi: 10.3390/en13040955.
• 4. Bhuiyan, E.A., Hossain, Z., Muyeen, S., Fahim, S.R., Sarker, S.K., Das, S.K. (2021). Towards next generation virtual power plant: Technology review and frameworks. Renew. Sustain. Energy Rev., 150, 111358.
• 5. Burgio, A., Menniti et al. (2020). Influence and impact of data averaging and temporal resolution on the assessment of energetic, economic and technical issues of hybrid photovoltaic-battery systems. Energies, vol. 13, No. 2, doi: 10.3390/en13020354.
• 6. Chakraborty, P., Baeyen et al. (2019). Analysis of solar energy aggregation under various billing mechanisms. IEEE Trans. Smart Grid, 10, 4175-4187.
• 7. Derski, B. (2019). Power industry in Poland in 2019 - power and energy production according to data PSE. Available online: https://wysokienapiecie.pl/27524-energetyka-w- polsce-w-2019-roku-moc-produkcja-energii-wg-danych-pse/, 31.01.2023.
• 8. Dogan, E., Ulucak, R., Kocak, E., Isik, C. (2020). The Use of Ecological Footprint in Estimating the Environmental Kuznets Curve Hypothesis for BRICST by Considering Cross-Section Dependence and Heterogeneity. Sci. Total Environ, 723, 138063.
• 9. Fic, K. (2023). The use of a photovoltaic installation in the company. Master thesis. Kraków: AGH.
• 10. Hayibo, K.S., Pearce, J.M. (2021). A review of the value of solar methodology with a case study of the US VOS. Renew. Sustain. Energy Rev. 137, 110599.
• 11. Höfer, T., Madlener, R. (2020). A participatory stakeholder process for evaluating sustainable energy transition scenarios. Energy Policy, 139, 111277.
• 12. Isik, C., Ahmad, M., Ongan, S., Ozdemir, D., Ifran, M., Alvarado, R. (2021). Convergence Analysis of the Ecological Footprint: Theory and Empirical Evidence from the USMCA Countries. Environ. Sci. Pollut. Res., 28, 32648-32659.
• 13. Kochanek, E. (2019). Regional cooperation on gas security in Central Europe. Energy Policy J., 22, 19-38.
• 14. Kraan, O., Chappin, E., Kramer, G.J., Nikolic, I. (2019). The influence of the energy transition on the significance of key energy metrics. Renew. Sustain. Energy Rev., 111, 215¬223.
• 15. Niekurzak, M. (2021). The Potential of Using Renewable Energy Sources in Poland Taking into Account the Economic and Ecological Conditions. Energies, 14, 7525. https://doi.org/10.3390/en14227525.
• 16. Niekurzak, M. (2022). Development Directions of Low and Zero Emission Sources in the Transformation of the Energy Sector in Poland Based on the Scenario Method Based on Intuitive Logic. Energetyka, Vol. 4. Warszawa: Centralny Zarząd Energetyki, Stowarzyszenie Elektryków Polskich, pp. 181-192, ISSN 0013-7294.
• 17. Niekurzak, M., Kubińska-Jabcoń, E. (2021). Analysis of the Return on Investment in Solar Collectors on the Example of a Household: The Case of Poland. Front. Energy Res., 9, 1-12.
• 18. Niekurzak, M., Lewicki, W., Drożdż, W., Miązek, P. (2022). Measures for assessing the effectiveness of investments for electricity and heat generation from the hybrid cooperation of a photovoltaic installation with a heat pump on the example of a household. Energies, 16, 6089. https://www.mdpi.com/1996-1073/15/16/6089/pdf?version=1661238859.
• 19. Niekurzak, M., Mikulik, J. (2021). Modeling of Energy Consumption and Reduction of Pollutant Emissions in a Walking Beam Furnace Using the Expert Method—Case Study. Energies, 14, 8099.
• 20. Rouzbahani, H.M., Karimipour, H., Lei, L. (2021). A review on virtual power plant for energy management. Sustain. Energy Technol. Assess, 47, 101370.
• 21. Shahzad, U., Radulescu, M., Rahim, S., Isik, C., Yousaf, Z., Ionescu, S. (2021). Do Environment-Related Policy Instruments and Technologies Facilitate Renewable Energy Generation? Exploring the Contextual Evidence from Developed Economies. Energies, 14, 690.
• 22. SolarPower Europe. Leading the Energy Transition. Available online: https://www.solarpowereurope.org/events2/solarpowersummit-2/, 14.01.2023.
• 23. Wróblewski, P., Niekurzak, M. (2022). Assessment of the possibility of using various types of renewable energy sources installations in single-family buildings as part of saving final energy consumption in Polish conditions. Energies, 15, 1329.
• 24. Zimm, C., Goldemberg, J., Nakicenovic, N., Busch, S. (2019). Is the renewables transformation a piece of cake or a pie in the sky? Energy Strat. Rev. 26, 100401.

Uwagi

Opracowanie rekordu ze środków MNiSW, umowa nr SONP/SP/546092/2022 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2024).