Abstract:
Accessibility to dependable energy resource is vital to the emerging economy to
function appropriately in this contemporary world for both residential and commercial
purposes. Technological advancement has opened avenues for more sophisticated technologies
to combine multiple energy sources to generate affordable electricity for residential and
industrial purposes. The study, therefore aims at analyzing the fiscal benefits of hybrid Solar
PV and Diesel Generator (DG) (PV-DG) grid-connected system using RETSceen software.
The study focused on a specific location, J. A. Plant Pool Ghana Limited, warehouse
Department. The study recommended and proposed an effective design of a hybrid PV-DG
grid connected electricity supply for the warehouse Department. The economic viability of the
project and the payback period obtained through computation were very attractive. Also, the
total revenue of electricity exported to the grid annually and GHG emission reduction were
within the standard benchmark. The study finally concurred that renewable energy sources
such as solar when hybridized with any other energy systems, lead to a noticeable electrical
cost reduction. Therefore, this system design provides multiple benefits, including; improved
reliability, reduced emission and significant cost reduction.
