Techno-economic analysis of local manufacturing of perovskite photovoltaic modules for electricity generation in Ethiopia

IF 7.6 Q1 ENERGY & FUELS

Energy Conversion and Management-X Pub Date : 2025-09-20 DOI:10.1016/j.ecmx.2025.101274

Getnet M. Meheretu , Ababay Ketema Worku , Moges T. Yihunie , Richard K. Koech , Getasew A. Wubetu

{"title":"Techno-economic analysis of local manufacturing of perovskite photovoltaic modules for electricity generation in Ethiopia","authors":"Getnet M. Meheretu , Ababay Ketema Worku , Moges T. Yihunie , Richard K. Koech , Getasew A. Wubetu","doi":"10.1016/j.ecmx.2025.101274","DOIUrl":null,"url":null,"abstract":"<div><div>Perovskite solar cells can be potential contenders for future photovoltaic technologies due to their high efficiency, affordability, and simple manufacturing process. This study focuses on the techno-economic analysis of local manufacturing of perovskite solar panels in Ethiopia. The total manufacturing costs were found to be $0.29 /wp or $/69.6/m<sup>2</sup>. The Minimum Sustainable Price was calculated to be $0.38 /wp or $91.2/m<sup>2</sup>. Using a Monte Carlo simulation, the techno-economic metrics such as Net Present Value, Pay Back Period, Rate of Return, Profitability Index, and Levelized Cost of Energy were evaluated to determine project viability. The analysis showed a positive Net Present Value, a Payback Period of 7 to 8 years, an Internal Rate of Return of about 12 % with its average rate of return greater than the weighted average cost of capital, and a profitability index of 1.22, indicating project viability. The levelized cost of energy was estimated to be $0.019/kWh, which is lower than the selling price of electricity by the Ethiopian electric power authority, suggesting economic viability.</div></div>","PeriodicalId":37131,"journal":{"name":"Energy Conversion and Management-X","volume":"28 ","pages":"Article 101274"},"PeriodicalIF":7.6000,"publicationDate":"2025-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Conversion and Management-X","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2590174525004064","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENERGY & FUELS","Score":null,"Total":0}

引用次数: 0

Abstract

Perovskite solar cells can be potential contenders for future photovoltaic technologies due to their high efficiency, affordability, and simple manufacturing process. This study focuses on the techno-economic analysis of local manufacturing of perovskite solar panels in Ethiopia. The total manufacturing costs were found to be $0.29 /wp or $/69.6/m². The Minimum Sustainable Price was calculated to be $0.38 /wp or $91.2/m². Using a Monte Carlo simulation, the techno-economic metrics such as Net Present Value, Pay Back Period, Rate of Return, Profitability Index, and Levelized Cost of Energy were evaluated to determine project viability. The analysis showed a positive Net Present Value, a Payback Period of 7 to 8 years, an Internal Rate of Return of about 12 % with its average rate of return greater than the weighted average cost of capital, and a profitability index of 1.22, indicating project viability. The levelized cost of energy was estimated to be $0.019/kWh, which is lower than the selling price of electricity by the Ethiopian electric power authority, suggesting economic viability.

查看原文本刊更多论文

埃塞俄比亚当地生产用于发电的钙钛矿光伏组件的技术经济分析

钙钛矿太阳能电池由于其高效率、可负担性和简单的制造工艺，可以成为未来光伏技术的潜在竞争者。本研究的重点是埃塞俄比亚当地钙钛矿太阳能电池板制造的技术经济分析。总制造成本为0.29美元/wp或69.6美元/m2。最低可持续价格计算为0.38美元/wp或91.2美元/m2。利用蒙特卡罗模拟，评估了净现值、回收期、回报率、盈利指数和能源平准化成本等技术经济指标，以确定项目的可行性。分析表明，该项目净现值为正，投资回收期为7 ~ 8年，内部收益率约为12%，平均收益率大于加权平均资本成本，盈利能力指数为1.22，表明项目具有可行性。能源平准化成本估计为0.019美元/千瓦时，低于埃塞俄比亚电力局的电力销售价格，表明经济可行性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Energy Conversion and Management-X Multiple-

CiteScore

8.80

自引率

3.20%

发文量

180

审稿时长

58 days

期刊介绍： Energy Conversion and Management: X is the open access extension of the reputable journal Energy Conversion and Management, serving as a platform for interdisciplinary research on a wide array of critical energy subjects. The journal is dedicated to publishing original contributions and in-depth technical review articles that present groundbreaking research on topics spanning energy generation, utilization, conversion, storage, transmission, conservation, management, and sustainability. The scope of Energy Conversion and Management: X encompasses various forms of energy, including mechanical, thermal, nuclear, chemical, electromagnetic, magnetic, and electric energy. It addresses all known energy resources, highlighting both conventional sources like fossil fuels and nuclear power, as well as renewable resources such as solar, biomass, hydro, wind, geothermal, and ocean energy.