A techno-economic evaluation of utility scale solar power generation

Mohammad Raghib Shakeel, Esmail M.A. Mokheimer*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

Abstract

Techno-economic analysis of utility scale parabolic trough collector (PTC) and photovoltaic (PV) plants is carried out for 40 cities in Saudi Arabia. The PTC- and PV-based utility scale plants with and without storage are compared based on various techno-economic parameters and their ability to satisfactorily provide constant power to the load. Previous work available in the literature focused on either PV or PTC technologies without storage. The plants are designed to act as constant load plants capable of producing 150 MWe. The analysis revealed that the LCOE for the PTC-based plant with 9-h thermal energy storage varied between 0.093 and 0.132 USD/kWh while that of PV-based plants with 9-h battery storage capacity, varied between 0.121 and 0.156 USD/kWh. However, the Annual Load Satisfaction Factor (ALSF) was found to be 0.58–0.74 for the PV-based plants in comparison with 0.47–0.73 for that of the PTC-based plant. The net present value (NPV) of the PTC-based plants were found to be higher than that of the PV-based plants. The benefit to cost ratio (BCR) of the PTC-based plant varied between 0.939 and 1.280 (with an average of 1.105) while that of the PV-based plant was found to be 0.903–1.062 (with an average of 0.984).

Original languageEnglish
Article number125170
JournalEnergy
Volume261
DOIs
StatePublished - 15 Dec 2022

Bibliographical note

Publisher Copyright:
© 2022 Elsevier Ltd

Keywords

  • Concentrated solar power
  • PV
  • Parabolic trough
  • Saudi Arabia
  • Solar energy
  • Techno-economic
  • Thermoeconomics
  • Utility scale

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Modeling and Simulation
  • Renewable Energy, Sustainability and the Environment
  • Building and Construction
  • Fuel Technology
  • Energy Engineering and Power Technology
  • Pollution
  • Mechanical Engineering
  • General Energy
  • Management, Monitoring, Policy and Law
  • Industrial and Manufacturing Engineering
  • Electrical and Electronic Engineering

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