Life cycle and economic assessment of a solar panel array applied to a short route ferry

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

This paper was to investigate the potential benefits of solar panel systems if applied for obtaining propulsion power of a short route ferry operating in the Marmara Sea. The life cycle assessment was applied to evaluate the long-term environmental impact of the solar power systems on-board in replace of conventional diesel engine systems. The cost and benefit of such systems were evaluated through the economic assessment where the life cycle cost relative to installation, operation and recycling of the solar panels, fuel savings and payback time were considered. Research findings revealed the payback time would be around three years, whereas the accumulative fuel cost saving would be over $300,000 by the end of vessel life. The sensitivity analysis using two varying parameters - energy efficiency and investment cost - implied, that the longer payback time would be positively associated with lower energy efficiencies and higher investment costs. It was also suggested that the marginal cost of the carbon credit should be $ 190 per tonne or higher to make the shipping business successful.
LanguageEnglish
Pages471-484
Number of pages14
JournalJournal of Cleaner Production
Volume219
Early online date12 Feb 2019
DOIs
Publication statusPublished - 10 May 2019

Fingerprint

Life cycle
life cycle
Economics
economics
cost
Costs
energy efficiency
Energy efficiency
solar power
diesel engine
Freight transportation
shipping
Solar energy
Propulsion
Sensitivity analysis
Environmental impact
sensitivity analysis
Diesel engines
Payback
Recycling

Keywords

  • solar power
  • life cycle assessment
  • life cycle cost assessment
  • hybrid propulsion
  • green technologies

Cite this

@article{6451abb440fe4898ba3e78e58f243110,
title = "Life cycle and economic assessment of a solar panel array applied to a short route ferry",
abstract = "This paper was to investigate the potential benefits of solar panel systems if applied for obtaining propulsion power of a short route ferry operating in the Marmara Sea. The life cycle assessment was applied to evaluate the long-term environmental impact of the solar power systems on-board in replace of conventional diesel engine systems. The cost and benefit of such systems were evaluated through the economic assessment where the life cycle cost relative to installation, operation and recycling of the solar panels, fuel savings and payback time were considered. Research findings revealed the payback time would be around three years, whereas the accumulative fuel cost saving would be over $300,000 by the end of vessel life. The sensitivity analysis using two varying parameters - energy efficiency and investment cost - implied, that the longer payback time would be positively associated with lower energy efficiencies and higher investment costs. It was also suggested that the marginal cost of the carbon credit should be $ 190 per tonne or higher to make the shipping business successful.",
keywords = "solar power, life cycle assessment, life cycle cost assessment, hybrid propulsion, green technologies",
author = "Haibin Wang and Elif Oguz and Byongug Jeong and Peilin Zhou",
year = "2019",
month = "5",
day = "10",
doi = "10.1016/j.jclepro.2019.02.124",
language = "English",
volume = "219",
pages = "471--484",
journal = "Journal of Cleaner Production",
issn = "0959-6526",

}

Life cycle and economic assessment of a solar panel array applied to a short route ferry. / Wang, Haibin; Oguz, Elif; Jeong, Byongug; Zhou, Peilin.

In: Journal of Cleaner Production, Vol. 219, 10.05.2019, p. 471-484.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Life cycle and economic assessment of a solar panel array applied to a short route ferry

AU - Wang, Haibin

AU - Oguz, Elif

AU - Jeong, Byongug

AU - Zhou, Peilin

PY - 2019/5/10

Y1 - 2019/5/10

N2 - This paper was to investigate the potential benefits of solar panel systems if applied for obtaining propulsion power of a short route ferry operating in the Marmara Sea. The life cycle assessment was applied to evaluate the long-term environmental impact of the solar power systems on-board in replace of conventional diesel engine systems. The cost and benefit of such systems were evaluated through the economic assessment where the life cycle cost relative to installation, operation and recycling of the solar panels, fuel savings and payback time were considered. Research findings revealed the payback time would be around three years, whereas the accumulative fuel cost saving would be over $300,000 by the end of vessel life. The sensitivity analysis using two varying parameters - energy efficiency and investment cost - implied, that the longer payback time would be positively associated with lower energy efficiencies and higher investment costs. It was also suggested that the marginal cost of the carbon credit should be $ 190 per tonne or higher to make the shipping business successful.

AB - This paper was to investigate the potential benefits of solar panel systems if applied for obtaining propulsion power of a short route ferry operating in the Marmara Sea. The life cycle assessment was applied to evaluate the long-term environmental impact of the solar power systems on-board in replace of conventional diesel engine systems. The cost and benefit of such systems were evaluated through the economic assessment where the life cycle cost relative to installation, operation and recycling of the solar panels, fuel savings and payback time were considered. Research findings revealed the payback time would be around three years, whereas the accumulative fuel cost saving would be over $300,000 by the end of vessel life. The sensitivity analysis using two varying parameters - energy efficiency and investment cost - implied, that the longer payback time would be positively associated with lower energy efficiencies and higher investment costs. It was also suggested that the marginal cost of the carbon credit should be $ 190 per tonne or higher to make the shipping business successful.

KW - solar power

KW - life cycle assessment

KW - life cycle cost assessment

KW - hybrid propulsion

KW - green technologies

UR - https://www.journals.elsevier.com/journal-of-cleaner-production

U2 - 10.1016/j.jclepro.2019.02.124

DO - 10.1016/j.jclepro.2019.02.124

M3 - Article

VL - 219

SP - 471

EP - 484

JO - Journal of Cleaner Production

T2 - Journal of Cleaner Production

JF - Journal of Cleaner Production

SN - 0959-6526

ER -