Techno-Economic Analysis for Energy Supply to Sustainable Pilgrimage Market: A Green Religious Transition

Abstract

Globally, the use of renewable energy sources has increased significantly in recent years. As an attempt to achieve environmental sustainability, a number of efforts are being implemented to lower the carbon footprint of rapidly growing economies. The objective of reaching zero emissions is essential for this project. Particularly in Varanasi, a promising future is emerging as the areas of renewable energy, technology, and economy come together. The initiatives to electrify the pilgrimage market through innovative technology solutions for the production of renewable energy are a prime example of this combination. There is a 197,146,136 watt hour need for energy in Varanasi, the proposed location. The solar and grid together in the proposed system generate 263,979 kWh, of which 30,615 kWh are produced by photovoltaic cells, 233,364 kWh by the grid itself and 19,334 kWh by grid sales. This system emits 140 kg of CO2 annually. In the present study, ROI is 54.3%, IRR is 58.5%, and the simple payback period is 1.71 years, according to the economics.