Evaluating the economic impact of solar energy on local industries in Semnan, Iran
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This study provides a comprehensive technical, economic, and environmental analysis for the implementation of a 10 MW solar power plant in Semnan Industrial Park. With increasing global energy demand, the transition from fossil fuels to renewable energy sources is essential to mitigate environmental impacts and reduce greenhouse gas emissions. This research highlights innovative developments in photovoltaic systems and energy storage solutions, demonstrating their potential for increased efficiency and reliability. From an economic perspective, the analysis shows that solar energy can achieve competitive energy production costs estimated at around $0.05/kWh, especially in semi-arid and solar resource-rich regions. Furthermore, the study emphasizes the importance of supportive government policies and incentives to facilitate investment in solar technologies. The results show that adopting solar energy solutions not only addresses environmental concerns but also offers significant economic benefits, including a 7-10 year payback period for the proposed power plant. Overall, this research highlights the vital role of solar energy in fostering sustainable industrial development while contributing to climate change mitigation efforts.
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