Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023)

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Extended Analysis for Self-Consumption Solar Rooftop in a Manufacturing Factory

Authors
Nguyen Linh Dan1, *
1Department of Industrial Economics, School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam
*Corresponding author. Email: dan.nguyenlinh@hust.edu.vn
Corresponding Author
Nguyen Linh Dan
Available Online 5 February 2024.
DOI
10.2991/978-94-6463-348-1_12How to use a DOI?
Keywords
net zero; solar rooftop; CEIA; REC; carbon market
Abstract

This study presents a financial analysis of a rooftop solar project for industry and considers other benefits including carbon trading possibilities. It suggests exchanging renewable energy certificates that could both bring additional values to the project and be supporting the energy transition process of Vietnam. This research utilizes a financial calculation tool named Rooftop Solar Toolkit for Industrial Energy Users by CEIA in cooperation with Apparel Impact Institute (AII) and Sustainable Trade Initiative (IDH). CEIA Toolkit is used to evaluate solar power installation projects, helping users compare different investment options and which option is the most profitable to the investors. As a finding, installing rooftop solar power, regardless of investment option, brings more financial benefit to the company than buying electricity from the national grid. Using 70% of loan is the best option in terms of NPV. Emission reduction can be up to 155 tCO2/year during the system’s lifetime. In addition, applying for the Renewable Energy Certificates or joining the carbon trading market further increase the profits for the project investors, not to mention other values such as increasing company’s social responsibility and branding.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
5 February 2024
ISBN
978-94-6463-348-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-348-1_12How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nguyen Linh Dan
PY  - 2024
DA  - 2024/02/05
TI  - Extended Analysis for Self-Consumption Solar Rooftop in a Manufacturing Factory
BT  - Proceedings of the 11th International Conference on Emerging Challenges: Smart Business and Digital Economy 2023 (ICECH 2023)
PB  - Atlantis Press
SP  - 124
EP  - 131
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-348-1_12
DO  - 10.2991/978-94-6463-348-1_12
ID  - Dan2024
ER  -