Feasibility Of Implementing Renewable Energy Power Generation Capability At BASF’s Regina And Saskatoon Facilities
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As organisations strive to meet their decarbonization commitments, emphasis is placed on the scope 2 emissions associated with the use of grid electricity. In this context, BASF Canada would like to investigate the feasibility of producing electricity onsite from a renewable source at their Regina and Saskatoon facilities. A multi criteria decision analysis was used to compare the technologies of which integrated solar was ranked the highest. A techno-feasibility analysis of this technology using System Advisor Model software revealed challenges. The low capacity factors resulting in high levelized cost of electricity for the systems rendered the projects uneconomically at this time. Additionally, the low cost of electricity from the grid diminished the incentives for onsite generation. Ongoing technological advancements and market dynamics may offer renewed opportunities for BASF in the future. Alternatively, a power purchase agreement for clean electricity can help the company meet its near-term emission reduction commitments.