Abstract
Global installed capacity of renewable energy technologies is growing rapidly. Hence, the technology assessment of energy production technologies is often computed as financial cost. Competition among alternative renewable technologies has increased substantially over the past few years, due to downward cost trends within each technology that have resulted from policy support and financial incentives. This chapter presents the results of the relationship between the energy price generated by the CTR plant with changing the number of storage hours (Ts), solar multiple, and also with the changing capacity of the station. Also, this chapter introduces program for optimal cost and LCOE of CTR system, PV and CTR/PV hybrid solar system. The computer program has been designed to determine optimum design parameters of PV and CTR for the system under study. The decision from the computer program is based on minimum price of the generated kWh from the system. Finally, the objective of this chapter is to research whether or not a solar PV system is more economical compared to the CTR system. The systems being considered in this study are in Aswan, Egypt as this region has hot and clear weather.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Dale M (2013) A comparative analysis of energy costs of photovoltaic, solar thermal, and wind electricity generation technologies. Appl Sci 3(2):325–337
Banoni VA, Arnone A, Fondeur M, Hodge A, Offner JP, Phillips JKJCCJ (2012) The place of solar power: an economic analysis of concentrated and distributed solar power. Chem Cent J 6(1):S61–S11
Alliance CJ (2014) The economic and reliability benefits of CSP with thermal energy storage: literature review and research needs. CSP Alliance Report
Joskow P (2011) Comparing the costs of intermittent and dispatchable electricity generating technologies. Am Econ Rev 101(3):238–241
Turchi CS, Heath GA (2013) Molten salt power tower cost model for the system advisor model (SAM). National Renewable Energy Lab, Technical Report NREL/TP-5500–57625
Turchi C, Mehos M, Ho CK, Kolb GJ (2010) Current and future costs for parabolic trough and power tower systems in the US market. National Renewable Energy Lab, NREL/CP-5500–49303
NREL System Advisor Model (SAM): SAM Version 2017.1.17. Manual Release Date 2/6/2017
Musi R et al (2017) Techno-economic analysis of concentrated solar power plants in terms of levelized cost of electricity. AIP Conf Proc 1850(1):160018
Ramaswamy M et al (2012) Engineering economic policy assessment of concentrated solar thermal power technologies for India. Center for Study of Science Technology and Policy, Report CSTEP/E/7
Paal RP, Dersch J, Milow B (2003) European concentrated solar thermal road-mapping: roadmap document. ECOSTAR, SES6-CT-502578
Craig O, Brent A, Dinter F (2017) The current and future energy economics of concentrating solar power (CSP) in South Africa. S Afr J Ind Eng 28(3):1–14
Short W, Packey D, Holt T (1995) A manual for the economic evaluation of energy efficiency and renewable energy technologies. National Renawable Energy Laboratory publication, NREL/TP-462–5173
Turchi C (2017) Concentrating solar power: current cost and future directions. Available at https://www.wesrch.com/energy/pdfTR1L02000NXPF
Murphy C et al (2019) The potential role of concentrating solar power within the context of DOE's 2030 solar cost targets. National Renewable Energy Lab, Golden, Technical Report NREL/TP-6A20–71912
Taylor M, Ralon P, Ilas A (2016) The power to change: solar and wind cost reduction potential to 2025. International Renewable Energy Agency
Fu R et al (2017) US solar photovoltaic system cost benchmark: Q1 2017. National Renewable Energy Laboratory, Technical Report NREL/TP-6A20–68925
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2021 Springer Nature Switzerland AG
About this chapter
Cite this chapter
Moukhtar, I., El Dein, A.Z., Elbaset, A.A., Mitani, Y. (2021). Economic Study of Solar Energy Systems. In: Solar Energy. Power Systems. Springer, Cham. https://doi.org/10.1007/978-3-030-61307-5_6
Download citation
DOI: https://doi.org/10.1007/978-3-030-61307-5_6
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-61306-8
Online ISBN: 978-3-030-61307-5
eBook Packages: EnergyEnergy (R0)