Retscreen Analysis of Solar Energy Project in Lafiagi, Kwara State, Nigeria

Retscreen Analysis of Solar Energy Project in Lafiagi, Kwara State, Nigeria

Banjoko I.K

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Ibrahim

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B.B

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Usman

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Kwara State Polytechnic

Retscreen Analysis of Solar Energy Project in Lafiagi, Kwara State, Nigeria

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Abstract

This paper examines studies to evaluate the economic viability of off-grid photovoltaic PV renewable energy technologies for rural applications in Lafiagi, Kwara State, Nigeria, to meet the government set target. It utilizes the life-cycle cost to estimate a 25 years life-time of an offgrid electrification project and compare with the cost of paying for grid-electrification within the same period. The result shows that such a project is economically viable. The project yield a strong positive pre-tax IRR on equity and a positive pre-tax IRR on assets. A simple payback can only be guaranteed in the project life span. Meanwhile, an equity payback can be completed within 12 years of the project life cycle.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Banjoko I.K. 2019. \u201cRetscreen Analysis of Solar Energy Project in Lafiagi, Kwara State, Nigeria\u201d. Global Journal of Science Frontier Research - A: Physics & Space Science GJSFR-A Volume 19 (GJSFR Volume 19 Issue A4).

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Journal Specifications

Crossref Journal DOI 10.17406/GJSFR

Print ISSN 0975-5896

e-ISSN 2249-4626

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GJSFR-A Classification FOR Code: 020109

Submission ReceivedMarch 3, 2019
Peer Review Double Blind
Handling Editor
Accepted March 23, 2019
Published April 3, 2019

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v1.2

Issue date

June 22, 2019

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Article Matrices

Total Score: 104

Country: Nigeria

Subject: Global Journal of Science Frontier Research - A: Physics & Space Science

Authors: Ibrahim, B.B, Usman, A. (PhD/Dr. count: 0)

View Count (all-time): 215

Total Views (Real + Logic): 2879

Total Downloads (simulated): 1365

Publish Date: 2019 06, Sat

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Total Views: 2879

Total Downloads: 1365

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