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

Mikulik Jerzy, Niekurzak Mariusz

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

2023

z. 169

522--540

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.