Macro Economics of Virtual Power Plant for Rural Areas of Botswana

Authors

  • Sampath Kumar Venkatachary Grant Thornton Acumen Park, Plot 50370, Fairgrounds Gaborone Botswana
  • Jagdish Prasad
  • Ravi Samikannu
  • Annamalai Alagappan
  • Leo John Baptist
  • Raymon Antony Raj

Abstract

The growth of renewable energy technologies as an alternative source of power is a great boon to the rural masses where energy is predominantly a challenge. This paper focuses on studying the microeconomic benefits of the virtual power plant as a solution to the rural masses who either have no access to energy or has limited access. The model here uses HOMER as a tool for modelling the design. The simulation results discuss the profitability of the virtual power plant as a solution not only to the virtual power plant operator but also to the rural households while ensuring a sustainable income source with the use of solar power PV as a generator.Keywords: Virtual Power Plant; Levilised cost; Annualised Cost;JEL Classifications: D0, E0, Q4DOI: https://doi.org/10.32479/ijeep.9602

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Published

2020-08-10

How to Cite

Venkatachary, S. K., Prasad, J., Samikannu, R., Alagappan, A., Baptist, L. J., & Raj, R. A. (2020). Macro Economics of Virtual Power Plant for Rural Areas of Botswana. International Journal of Energy Economics and Policy, 10(5), 196–207. Retrieved from https://econjournals.com/index.php/ijeep/article/view/9602

Issue

Vol. 10 No. 5 (2020)

Section

Articles

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