A study with the estimate of the economic viability of solar energy on the roof in Estonia, Latvia and Lithuania predicts the level of electricity (LCOE) for PV systems in the Baltic conditions against between € 0.08 ($ 0.087) and € 0.09/kWh by a discount percentage of 6%.
Researchers at Riga Technical University and Czech Technical University in Prague have explored the economic feasibility of solar systems on the roof in buildings with multiple apartment Estonia” Latvia And Lithuania.
The research paper “Estimation of LCOE for PV electricity production in the Baltic States – Latvia, Lithuania and Estonia until 2050“Available in the magazine Renewable and sustainable energy -transition, Used stochastic modeling and Monte Carlo simulations to calculate the level of electricity (LCOE) for the sun sector on the roof in the region.
The LCO predictions include capital expenses (Capex), operational costs (OPEX), discount percentages and energy -efficiency projects, with a sensitivity analysis that emphasizes Capex as the dominant factor that influences the LCOE results. The researchers say that the Capex influence underlines the importance of analyzing both the costs of the system itself and the installation costs.
The researchers calculated the median LCOE with a discount percentage of 6% of € 0.08 ($ 0.087)/kWh in Latvia and Lithuania and € 0.09/kWh in Estland. The LCOe in all regions varied from € 0.05/kWh to € 0.12/kWh at a discount percentage of 6%. The researchers say that these results show that roof systems are economically viable in each of the countries.
The conclusion of the article emphasizes extreme scenarios that show significant fluctuations in LCOE, from negative values to € 0.63/kWh with a discount percentage of 8% in Estonia. The researchers also emphasize that a negative LCOe for solar energy is not possible in reality and add that extreme cases are very unlikely.
The solar potential of the Baltic region is around 40 GW and is expected to attract € 150 billion in investment options by 2050, the research paper adds. To date, the use of solar energy on the roof in the Baltic States has been powered by government stimuli, including subsidies and net measurement, reinforced by EU financing.
The researchers say that the Baltic States have seen a significant increase in solar energy in recent years because the region works to reduce its long -term energy dependence from Russia. In February of this year, the three countries were disconnected from the Brell Electricity Supply Loop with White -Russia and Russia, before they connect to the European continental electricity system, which explain the researchers have contributed to increasing energy breach and reducing the dependence on Russian energy sources.
However, the academics add that gaps in collective self-consumption frameworks and energy community policy in the Baltic States. A comparative analysis with other EU regions emphasizes that stronger policy interventions are needed to speed up the acceptance of solar energy in buildings with multiple apartment.
“By tackling the regulatory, economic and technical barriers, policy makers can create an activation environment for decentralized energy production,” they concluded.
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