Study on Performance and Economic Efficiency of Solar Power on Agricultural Land: A case study in Central Region, Vietnam

Cu Thanh Huyen, Vu Minh Phap, Nguyen Thuy Nga

Abstract


Vietnam is an agricultural country with about 35% of the land devoted to agricultural production and has a solar energy source with average radiation of about 4-5 kWh/m2/day. A combination of agricultural production and solar power can ensure support for rural economic development. However, these projects have not been evaluated in detail by Vietnamese investors. In the paper, the economic efficiency of a typical solar power project on agricultural land in Gia Lai province, Central Region, Vietnam is analyzed by using RETScreen financial-economic efficiency analysis software. This study shows that the payback time of a typical solar power system on agricultural land in Gia Lai province is about 8 years. Moreover, the results also help investors understand more the benefits to encourage investment and develop the combination of agriculture and solar energy in Vietnam.

https://dorl.net/dor/20.1001.1.13090127.2021.11.2.32.1


Keywords


photovoltaic; agriculture; solar power; economic efficiency.

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DOI (PDF): https://doi.org/10.20508/ijrer.v11i2.12015.g8204

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