Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea
Agrophotovoltaic (APV) systems represent innovative agricultural farms and solar power plants, capable of producing electricity and crops simultaneously. Since the solar radiation required to optimize harvests varies by crop type, traditional PV panels face challenges in efficiently adjusting the sh...
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MDPI AG
2025-04-01
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| Online Access: | https://www.mdpi.com/1996-1073/18/8/1949 |
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| author | Youngjin Kim Sojung Kim |
| author_facet | Youngjin Kim Sojung Kim |
| author_sort | Youngjin Kim |
| collection | DOAJ |
| description | Agrophotovoltaic (APV) systems represent innovative agricultural farms and solar power plants, capable of producing electricity and crops simultaneously. Since the solar radiation required to optimize harvests varies by crop type, traditional PV panels face challenges in efficiently adjusting the shading ratio of APV systems. This study evaluates the economic viability of APV systems integrated with building-integrated photovoltaic (BIPV) systems for biofuel production. Specifically, it assesses the production forecast for corn-based biofuel—demand for which is rising due to the mixed-fuel use policy of the Korean government—and the economic feasibility of production in the APV system enhanced by BIPV integration (i.e., the APV–BIPV system). To this end, LCOE (levelized cost of energy) and NPV (net present value) are employed as performance indicators. Additionally, yield data from corn and corn stover harvested in actual APV facilities are utilized to predict bioenergy production. Consequently, the study will analyze the impact of renewable energy production from the proposed APV–BIPV system on achieving the Korean government’s renewable energy production goals and will provide guidelines on the potential benefits for farmers involved in renewable energy production and energy crop harvesting. |
| format | Article |
| id | doaj-art-e3675df0b44e4a2991303a6208e7ea15 |
| institution | DOAJ |
| issn | 1996-1073 |
| language | English |
| publishDate | 2025-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj-art-e3675df0b44e4a2991303a6208e7ea152025-08-20T03:13:49ZengMDPI AGEnergies1996-10732025-04-01188194910.3390/en18081949Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South KoreaYoungjin Kim0Sojung Kim1Department of Industrial and Systems Engineering, Dongguk University-Seoul, Seoul 04620, Republic of KoreaDepartment of Industrial and Systems Engineering, Dongguk University-Seoul, Seoul 04620, Republic of KoreaAgrophotovoltaic (APV) systems represent innovative agricultural farms and solar power plants, capable of producing electricity and crops simultaneously. Since the solar radiation required to optimize harvests varies by crop type, traditional PV panels face challenges in efficiently adjusting the shading ratio of APV systems. This study evaluates the economic viability of APV systems integrated with building-integrated photovoltaic (BIPV) systems for biofuel production. Specifically, it assesses the production forecast for corn-based biofuel—demand for which is rising due to the mixed-fuel use policy of the Korean government—and the economic feasibility of production in the APV system enhanced by BIPV integration (i.e., the APV–BIPV system). To this end, LCOE (levelized cost of energy) and NPV (net present value) are employed as performance indicators. Additionally, yield data from corn and corn stover harvested in actual APV facilities are utilized to predict bioenergy production. Consequently, the study will analyze the impact of renewable energy production from the proposed APV–BIPV system on achieving the Korean government’s renewable energy production goals and will provide guidelines on the potential benefits for farmers involved in renewable energy production and energy crop harvesting.https://www.mdpi.com/1996-1073/18/8/1949renewable energybuilding-integrated photovoltaicsagrophotovoltaic systemsbiofuel |
| spellingShingle | Youngjin Kim Sojung Kim Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea Energies renewable energy building-integrated photovoltaics agrophotovoltaic systems biofuel |
| title | Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea |
| title_full | Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea |
| title_fullStr | Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea |
| title_full_unstemmed | Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea |
| title_short | Economic Analysis of Biofuel Production in Agrophotovoltaic Systems Using Building-Integrated Photovoltaics in South Korea |
| title_sort | economic analysis of biofuel production in agrophotovoltaic systems using building integrated photovoltaics in south korea |
| topic | renewable energy building-integrated photovoltaics agrophotovoltaic systems biofuel |
| url | https://www.mdpi.com/1996-1073/18/8/1949 |
| work_keys_str_mv | AT youngjinkim economicanalysisofbiofuelproductioninagrophotovoltaicsystemsusingbuildingintegratedphotovoltaicsinsouthkorea AT sojungkim economicanalysisofbiofuelproductioninagrophotovoltaicsystemsusingbuildingintegratedphotovoltaicsinsouthkorea |