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

Ibrahim, B.B.; Usman, A.

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

Ibrahim, B.B. * §

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Usman, A.

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§ Kwara state polytechnic,Ilorin, Nigeria

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.

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Not applicable for this article.

How to Cite This Article

Ibrahim, B.B., Usman, A.. 2019. "Retscreen Analysis of Solar Energy Project in Lafiagi, Kwara State, Nigeria". Global Journal of Science Frontier Research - A: Physics & Space Science GJSFR-A Volume 19 (GJSFR Volume 19 Issue A4).

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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

Keywords

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Classification

GJSFR-A Classification FOR Code: 020109

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

Version of record

v1.2

Issue date

June 22, 2019

Language

English

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Article Matrices

Total Score: 148

Country: Nigeria

Subject: Global Journal of Science Frontier Research

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

View Count (all-time): 375

Total Views (Real + Logic): 779

Total Downloads (simulated): 50

Publish Date: 2019 04, Wed

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Total Views: 779

Total Downloads: 50

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