Techno-economic feasibility analysis of a commercial grid-connected photovoltaic plant with battery energy storage-achieving a net zero energy system

Grid connected Photovoltaic (PV) plants with battery energy storage system, are being increasingly utilised worldwide for grid stability and sustainable electricity supplies. In this context, a comprehensive feasibility analysis of a grid connected photovoltaic plant with energy storage, is presented as a case study in India. A novel smart net-zero energy management system is developed to reduce grid and fossil fuel-based backup electricity consumption during power outages and peak load shaving by controlling peak load demand A life cycle costbenefit and levelized cost of energy (LCoE) analysis, is presented for five optimised photovoltaic plants with battery energy storage systems, with and without net metering regimes. The Solar Labs and PVSyst softwares are used for system planning and energy generation estimation followed by HOMER grid software and Excel sheetbased financial models for system optimisation and cost-benefit analysis. The sensitivity analysis is carried out considering most sensitive parameters to identify the best option. The results found a 200 kWp photovoltaic plant with 250-kWh battery energy storage system with net metering, as the best-optimised option with energy generation cost of INR 4.21/kWh, with 6.15 years payback period. The study results can be followed for sustainable solar power generation for commercial grid connected PV power plants worldwide.