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Economic Assessment of PV Investments in Jordan | OMICS International| Abstract
ISSN: 2576-1463

Innovative Energy & Research
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  • Research Article   
  • Innov Ener Res 2017, Vol 6(2): 159
  • DOI: 10.4172/2576-1463.1000159

Economic Assessment of PV Investments in Jordan

Loiy Al-Ghussain*
Nano Lab, School of Applied Technical Sciences, German Jordanian University, P.O. Box 35247, Amman 11180, Jordan
*Corresponding Author : Loiy Al-Ghussain, Nano Lab, School of Applied Technical Sciences, German Jordanian University, P.O. Box 35247, Amman 11180, Jordan, Email: [email protected]

Received Date: Nov 13, 2017 / Accepted Date: Nov 22, 2017 / Published Date: Nov 29, 2017

Abstract

Energy has been considered as one of the most important merchandises for the countries as it is related to the prosperity and the development of the countries. Nowadays, the investment in renewable energy resources became an attractive option with bright and optimistic future of such investment. Jordan is a Mediterranean country that has high protentional of renewable energy resources especially solar resources which makes the investment in solar projects in Jordan attractive in the presence of supportive governmental regulations. This study aims to assess the economics of PV power plant investments in different regions in Jordan in order to specify the best regions for such investment. The results indicate that the investment in PV projects is profitable in all the regions where Ma'an is the best region in Jordan for PV projects with NPV of 1531.7 USD/KWp and LCOE of 0.0916 USD/KWh.

Keywords: PV Systems; Energy economics; Sustainability; Renewable energy; PVGIS software

Citation: Al-Ghussain L (2017) Economic Assessment of PV Investments in Jordan. Innov Ener Res 6: 159. Doi: 10.4172/2576-1463.1000159

Copyright: © 2017 Al-Ghussain L. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

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