• Current Photovoltaic Research
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• v.10 no.4
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• pp.121-132
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• 2022

The need for floating photovoltaic is being emphasized to expand renewable energy but low residents' acceptance is a major obstacle to the deployment of floating photovoltaic. Using the discrete choice experiment, this study analyzed the preferences for community-based floating photovoltaic projects and proposed a method to increase the residents' acceptance of floating photovoltaic projects. The estimates of the marginal willingness to accept (MWTA) of the distance, the coverage ratio, the landscape, the project owner (public institution), and the project owner (large company) are -0.69%p/km, 0.13%p/%p, -0.57%p, -2.95%p, -1.73%p, respectively. According to the result of simulation analysis, the residents' acceptance is significantly higher when the project is operated by a public institution, with a choice probability of 58%, than when the project is operated by a private company, with a choice probability of 29%, 12% for a large and small company, respectively. In addition, as a result of the analysis of the expected returns, the results show that the closer the distance from the residence to the power plant, the higher the expected return.

• Korean Journal of Construction Engineering and Management
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• v.22 no.1
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• pp.90-97
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• 2021

Saemangeum Development is the largest national project in South Korea, which has been developed for an agricultural, economic and tourist area for 30 years from 1987. In order to convert power sources that used to depend on nuclear and thermal power to eco-friendly for carbon reduction, the government plans to construct a 2.1GW floating photovoltaic project by investing 4.6 trillion won, as a public-private project. For success of the Saemangeum floating photovoltaic project, economic feasibility should be checked. This study defined the factors (construction cost, electricity selling price, power generation and maintenance cost) that give a effect to the volatility of the floating photovoltaic payoffs, and analyzed the volatility of payoffs during 20 years operation period. NPV and option value of the project were calculated by applying an option to abandon. According to NPV analysis, it is determined that projects are difficult to invest. But this project has economic feasibility through real options analysis. This study is expected to help decision-makers in the economic analysis of floating photovoltaic projects by using the real options analysis.

• New & Renewable Energy
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• v.20 no.1
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• pp.26-37
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• 2024

Renewable energy sources play a key role in achieving carbon neutrality and zero net emissions in the power generation sector. Various efforts have been made to support the deployment of renewable energy, particularly solar photovoltaic and wind power, including policies to internalize the external cost of carbon emissions. In this study, we conducted a financial analysis of a 800 MW floating photovoltaic system and compared it with ground solar power generation. Additionally, we conducted a cost-benefit analysis that included the social cost of carbon. The findings showed that the floating photovoltaic project can meet the profitability target through an appropriately designed internalization of the social cost of carbon.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.66 no.10
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• pp.1532-1539
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• 2017

The floating photovoltaic system is a new concept in the renewable energy technology. That is similar to land based photovoltaic technology except floating system. So the system needs buoyant objects, mooring, ect, besides modules and supports, and that is able to withstand in water level changes and wind strength. Therefore the floating photovoltaic system is much different from land photovoltaic system. K-water (Korea Water Resources Corporation) has been operating two floating photovoltaic system that's capacity is 100 kW and 500 kW respectively since in summer 2011 for commercial generation, and have construction project for 2,000 kW in Boryeong multipurpose Dam and other areas. Furthermore K-water was developing a tracking-type floating photovoltaic system at Daecheong multipurpose Dam and developed and installed an ocean floating photovoltaic demonstration plant at Sihwa Lake in October 2013 for R&D. In this paper, we introduce that structure of floating photovoltaic system include buoyant structure, mooring system and auxiliary device. Especially the rope which is in part of mooring should be always maintain tension under any water level. Also we explain about structure design concept to wind load in an every loading condition and a kind of structure materials and PV structure types used in water environment. Especially ocean floating PV system is affected by tidal current and typhoon. So there are considering the elements in design. Finally we compare with floating and land photovoltaic on power amount. As a result of that we verified the floating photovoltaic system is more about 6.6~14.2 % efficiency than a general land photovoltaic system.