International Journal For Multidisciplinary Research

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Grid-Connected Solar-Biogas Power System for Cost Mitigation and Sustainability in a Bangladeshi University: A HOMER Pro Approach

Author(s) Md. Feroz Ali, Md. Abdul Halim
Country Bangladesh
Abstract 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.
Keywords Grid-Connected Solar-Biogas Power System, Net Metering, Levelized Cost of Energy (COE), Carbon Emissions Reduction and Sustainability Initiatives
Field Engineering
Published In Volume 6, Issue 1, January-February 2024
Published On 2024-01-23
Cite This 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
DOI https://doi.org/10.36948/ijfmr.2024.v06i01.12628
Short DOI https://doi.org/gtfmn2
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