Circular Economy Assessment of Photovoltaic Modules for Solar Plants: A Case Study in Saudi Arabia

This research presents a straightforward and detailed method for calculating the cost of recycling solar panels and the associated economic benefits. The contribution of this research is to estimate the impact of the recycling process on the cost of energy and the payback period. The Full Recovery End-of-Life Photovoltaic (FRELP) method was utilized to assess the PV recycling process. Calculations were made for every 1000 kg of solar panels and converted to calculate the cost and revenue per square meter of panels. Calculations showed that the cost of recycling in Saudi Arabia reached 9.46 $/m2 based on the geographical environment, fuel prices, and the various materials used in recycling processes, while the revenue was approximately 24.6 $/m2 according to the current prices of materials resulting from the recycling process, especially the price of silver. The study results were applied to a 400 MW solar power plant to determine the feasibility of recycling the energy price and the payback period. The solar power plant was designed using variable-sized solar panels with capacities of 255, 330, and 580 watts. The recycling revenue for the plant with the smaller panels was the highest, being $2.6 M as an annual rate.