Economic feasibility study of solar PV and wind turbines in Morocco applying Monte Carlo simulation
Tutor / director / evaluatorMartín Cañadas, María Elena
Document typeBachelor thesis
Rights accessOpen Access
In this work, an economic feasibility study has been conducted on solar PV and wind turbine in Morocco using Monte Carlo simulation. By using historical measured data of solar irradiance and wind speed on different cities across Morocco and taking into account other factors that may affect the results on the economic profitability of the previously mentioned renewable plants, many different outcomes were computed to help interested parties take decisions on this type of activity. First, a review on the regulatory framework of the country has been done. Later, using solar irradiance and wind speed data of each city, probability distribution functions were assigned on each city, which allowed to consider the meteorological uncertainties in the calculations. The tools used to discuss the results are the net present value (NPV) and the levelized cost of electricity (LCOE). A comparison has been done between the solar PV with different tracking configurations and the onshore wind turbine at different levels of power capacity. The results reveal that regions close to the desert are more suitable to implement solar PV related projects, and the southern coastal regions are better befitting for wind turbines. This work is an academic research and results are computed using theoretical methods.
SubjectsPhotovoltaic power systems -- Morocco, Wind power -- Morocco, Monte Carlo method, Photovoltaic power systems -- Simulation methods, Wind power -- Simulation methods, Energia solar fotovoltaica -- Marroc, Energia eòlica -- Marroc, Montecarlo, Mètode de, Energia solar -- Mètodes de simulació, Energia eòlica -- Mètodes de simulació