Techno-economic analysis of concentrated solar power plants in terms of levelized cost of electricity
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Techno-economic_analysis_of_concentrated_solar_pow.pdf
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477.89 KB
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Author(s)
Musi, Richard
Grange, Benjamin
Sgouridis, Sgouris
Guedez, Rafael
Armstrong, Peter
Calvet, Nicolas
Slocum, Alexander H
Date Issued
June 2017
Journal
AIP Conference Proceedings 1850
Publisher
AIP Publishing
Citation
Musi, Richard, Benjamin Grange, Sgouris Sgouridis, Rafael Guedez, Peter Armstrong, Alexander Slocum, and Nicolas Calvet. “Techno-Economic Analysis of Concentrated Solar Power Plants in Terms of Levelized Cost of Electricity” AIP Conference Proceedings 1850, (July 2017): 160018.
Version
Final published version
Abstract
Levelized Cost of Electricity (LCOE) is an important metric which provides one way to compare the economic competitiveness of different electricity generation systems, calculated simply by dividing lifetime costs by lifetime production. Hidden behind the simplicity of this formula are various assumptions which may significantly alter results. Different LCOE studies exist in the literature, although their assumptions are rarely explicitly stated. This analysis gives all formulas and assumptions which allow for inter-study comparisons. The results of this analysis indicate that CSP LCOE is reducing markedly over time and that given the right location and market conditions, the SunShot 6¢/kWh 2020 target can be reached. Increased industrial cooperation is needed to advance the CSP market and continue to drive down LCOE. The results also indicate that there exist a country and technology level learning effect, either when installing an existing CSP technology in a new country or when using a new technology in an existing CSP country, which seems to impact market progress.
MIT Department
Massachusetts Institute of Technology. Department of Mechanical Engineering
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1063/1.4984552
