Techno-Economic Evaluation of a Floating Photovoltaic-Powered Green Hydrogen for FCEV for Different Köppen Climates

The escalating global demand for electricity, coupled with environmental concerns and economic considerations, has driven the exploration of alternative energy sources, creating competition for land with other sectors. A comprehensive analysis of a 10 MW floating photovoltaic (FPV) system deployed across different Köppen climate zones along with techno-economic analysis involves evaluating technical efficiency and economic viability. Technical parameters are assessed using PVsyst simulation and HOMER Pro. While, economic analysis considers return on investment, net present value, internal rate of return, and payback period. Results indicate that temperate and dry zones exhibit significant electricity generation potential from an FPV. The study outlines the payback period with the lowest being 5.7 years, emphasizing the system’s environmental benefits by reducing water loss in the form of evaporation. The system is further integrated with hydrogen generation while estimating the number of cars that can be refueled at each location, with the highest amount of hydrogen production being 292,817 kg/year, refueling more than 100 cars per day. This leads to an LCOH of GBP 2.84/kg for 20 years. Additionally, the comparison across different Koppen climate zones suggests that, even with the high soiling losses, dry climate has substantial potential; producing up to 18,829,587 kWh/year of electricity and 292,817 kg/year of hydrogen. However, factors such as high inflation can reduce the return on investment to as low as 13.8%. The integration of FPV with hydropower plants is suggested for enhanced power generation, reaffirming its potential to contribute to a sustainable energy future while addressing the UN’s SDG7, SDG9, SDG13, and SDG15.