Application and cost-benefit analysis of solar hybrid power installation on merchant marine vessels

Glykas, A; Papaioannou, G; Perissakis, S

dc.contributor.author	Glykas, A	en
dc.contributor.author	Papaioannou, G	en
dc.contributor.author	Perissakis, S	en
dc.date.accessioned	2014-03-01T01:32:46Z
dc.date.available	2014-03-01T01:32:46Z
dc.date.issued	2010	en
dc.identifier.issn	0029-8018	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/20221
dc.subject	Bulk carriers	en
dc.subject	Green energy	en
dc.subject	Photovoltaic	en
dc.subject	Ship	en
dc.subject.classification	Engineering, Civil	en
dc.subject.classification	Engineering, Ocean	en
dc.subject.classification	Oceanography	en
dc.subject.classification	Water Resources	en
dc.subject.other	Bulk carrier	en
dc.subject.other	Carbon dioxide emissions	en
dc.subject.other	Energy productions	en
dc.subject.other	Fuel cost	en
dc.subject.other	Fuel prices	en
dc.subject.other	Green energy	en
dc.subject.other	Hybrid power	en
dc.subject.other	Marine vessels	en
dc.subject.other	Parametric analysis	en
dc.subject.other	Payback periods	en
dc.subject.other	Peak output power	en
dc.subject.other	Photovoltaic systems	en
dc.subject.other	Renewable energy source	en
dc.subject.other	Solar installation	en
dc.subject.other	Solar panels	en
dc.subject.other	Storage media	en
dc.subject.other	Alternative fuels	en
dc.subject.other	Carbon dioxide	en
dc.subject.other	Cost benefit analysis	en
dc.subject.other	Cost reduction	en
dc.subject.other	Energy policy	en
dc.subject.other	Fuel oils	en
dc.subject.other	Global warming	en
dc.subject.other	Hydrogen storage	en
dc.subject.other	Installation	en
dc.subject.other	Ships	en
dc.subject.other	Solar concentrators	en
dc.subject.other	Solar energy	en
dc.subject.other	Solar radiation	en
dc.subject.other	Sun	en
dc.subject.other	Investments	en
dc.subject.other	bulk carrier	en
dc.subject.other	carbon dioxide	en
dc.subject.other	cost-benefit analysis	en
dc.subject.other	energy resource	en
dc.subject.other	installation	en
dc.subject.other	photovoltaic system	en
dc.subject.other	renewable resource	en
dc.subject.other	solar radiation	en
dc.title	Application and cost-benefit analysis of solar hybrid power installation on merchant marine vessels	en
heal.type	journalArticle	en
heal.identifier.primary	10.1016/j.oceaneng.2010.01.019	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.oceaneng.2010.01.019	en
heal.language	English	en
heal.publicationDate	2010	en
heal.abstract	Photovoltaic systems are renewable energy sources with various applications and their implementations in energy production and saving are verified. Installing those systems onto merchant marine vessels could prove to be an efficient way of minimizing fuel costs and simultaneously protecting the environment by reducing significant carbon dioxide emissions. This paper examines the feasibility of installing solar panels onto vessels and also calculated the payback period from the adopted investment with respect to fuel oil savings. Thus, the two important parameters incorporated in the parametric analysis are the solar radiation density and the fuel cost. In order to calculate the energy production of the solar installation systems, the globe is divided in six different zones, according to solar radiation density (Stackhouse and Whitlock, 2008). For one square meter of the considered solar panels the peak output power is taken equal to 130W (Kagaraki, 2001). The payback period of the investment depends greatly on the fuel prices. For a reasonable fuel price annual increase at about 10-15% the estimated payback period varies from 16 to 27 years. The more the fuel oil increases, the methodology reveals that the payback period converges to a minimum of 10 years. When using any storage media such as hydrogen, the methodology shows that the payback period increases and this depends on the proportion of the energy stored and from the storage media itself. (C) 2010 Elsevier Ltd. All rights reserved.	en
heal.publisher	PERGAMON-ELSEVIER SCIENCE LTD	en
heal.journalName	Ocean Engineering	en
dc.identifier.doi	10.1016/j.oceaneng.2010.01.019	en
dc.identifier.isi	ISI:000278283600006	en
dc.identifier.volume	37	en
dc.identifier.issue	7	en
dc.identifier.spage	592	en
dc.identifier.epage	602	en