A dynamic assessment based feasibility study of concentrating solar power in China

Li, Yuqiang; Liao, Shengming; Rao, Zhenghua; Liu, Gang

doi:10.1016/j.renene.2014.03.024

Cited by 56 publications

(19 citation statements)

References 20 publications

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“…This comprehensive techno-economic study can add some preeminent scientific groundwork for the investment decisions and policy making of CSP industry in Spain since it includes all the factors contemplated in Table 5, unlike other previous studies where only some of them are contemplated. Li, Liao, Rao, and Liu (2014) x x x Ouyang and Lin (2014) x x Ondraczek, Komendantova, and Patt (2015) x x Yuan, Sun, Zhang, and Xiong (2014) x…”

Section: Sensibility Analysis For Minimizing Lcoe Value: Description mentioning

confidence: 99%

An Enhanced Techno-Economic Analysis of Lcoe: Public Incentives vs Private Investment

Menéndez¹,

Martín²,

Varela-Candamio

et al. 2020

Technological and Economic Development of Economy

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This paper offers a new approach for the estimation of levelized cost of energy (LCOE) by considering the shareholder internal rate of return (IRR) as an unexplored measure in this kind of analysis. The study relies on a comprehensive techno-economic evaluation based on interactions among a set of factors. This mathematical model is then empirically tested for a CSP power plant in Extremadura (Spain) due to their dominant market position and also for being the most developed renewable system at the present. A sensitivity analysis is also performed to establish the influence that market conditions have on the determination of LCOE for different scenarios under the maintenance of a given shareholder IRR for investors. This last assumption makes investment decisions indifferent among several projects in order to focus solely on the minimization of the LCOE. Results reveal that while the annual net electricity production contributes to the reduction of LCOE, total investments, equity percentage and operation and maintenance (O&M) costs help to increase their value by a high percentage. This study gives important scientific basis for investment decision making and also becomes a standpoint to design suitable public incentives that may enhance future technological developments in the CSP generation industry.

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Section: Sensibility Analysis For Minimizing Lcoe Value: Description mentioning

confidence: 99%

An Enhanced Techno-Economic Analysis of Lcoe: Public Incentives vs Private Investment

Menéndez¹,

Martín²,

Varela-Candamio

et al. 2020

Technological and Economic Development of Economy

View full text Add to dashboard Cite

show abstract

“…Selecting the most appropriate sites is very critical for CSP implementation in China. Many geographic conditions need to be considered such as solar resource, water resource, energy demand, and power grid accessibility [15,19]. In addition, considering that no specific policies for the CSP industry have been enacted yet in China [13], more data about the CSP electricity cost is necessary for policy makers to make decisions.…”

Section: Introductionmentioning

confidence: 99%

LCOE Analysis of Tower Concentrating Solar Power Plants Using Different Molten-Salts for Thermal Energy Storage in China

Zhuang

Liu

et al. 2019

Energies

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In recent years, the Chinese government has vigorously promoted the development of concentrating solar power (CSP) technology. For the commercialization of CSP technology, economically competitive costs of electricity generation is one of the major obstacles. However, studies of electricity generation cost analysis for CSP systems in China, particularly for the tower systems, are quite limited. This paper conducts an economic analysis by applying a levelized cost of electricity (LCOE) model for 100 MW tower CSP plants in five locations in China with four different molten-salts for thermal energy storage (TES). The results show that it is inappropriate to build a tower CSP plant nearby Shenzhen and Shanghai. The solar salt (NaNO3-KNO3, 60-40 wt.%) has lower LCOE than the other three new molten-salts. In order to calculate the time when the grid parity would be reached, four scenarios for CSP development roadmap proposed by International Energy Agency (IEA) were considered in this study. It was found that the LCOE of tower CSP would reach the grid parity in the years of 2038–2041 in the case of no future penalties for the CO2 emissions. This study can provide support information for the Chinese government to formulate incentive policies for the CSP industry.

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“…How does the TES affect the electricity output of STPP, and how does dispatch fraction affect the usage of stored thermal energy? This paper aims to systematically answer these questions through a study of STPP design in China which has sufficient solar energy for the utilization of STPP …”

Section: Introductionmentioning

confidence: 99%

“…This paper aims to systematically answer these questions through a study of STPP design in China which has sufficient solar energy for the utilization of STPP. [25][26][27][28][29] A general model was built to relate design DNI, SM, TES size, and DF. Three cities, Lhasa, Lanzhou, and Shanghai, were picked to represent different levels of annual solar irradiance in China.…”

Section: Introductionmentioning

confidence: 99%

Proposition of a critical design direct normal irradiance for solar thermal power plant

et al. 2018

Self Cite

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Summary An appropriate design of solar thermal power plant (STPP) is important before construction. This present study attempted to deal with some fundamental questions in design of STPP. What is the relationship between the optimal design direct normal irradiance (DNI) and weather conditions? What is the optimal solar multiple for a STPP at a specific weather condition? How does the thermal energy storage (TES) affect the electricity output of STPP, and how does dispatch fraction affect the usage of stored thermal energy? To help answer these questions, a general model was built and a critical design DNI was proposed from the perspective of effective use of solar energy. There will be solar energy wasting if the design DNI is below the critical design DNI, while the power block will not be effectively used if the design DNI is above the critical design DNI. This critical design DNI can be used to determine the optimal solar multiple for a given design DNI. The effects of TES size and dispatch fraction on the critical design DNI were also discussed.

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A dynamic assessment based feasibility study of concentrating solar power in China

Cited by 56 publications

References 20 publications

An Enhanced Techno-Economic Analysis of Lcoe: Public Incentives vs Private Investment

An Enhanced Techno-Economic Analysis of Lcoe: Public Incentives vs Private Investment

LCOE Analysis of Tower Concentrating Solar Power Plants Using Different Molten-Salts for Thermal Energy Storage in China

Proposition of a critical design direct normal irradiance for solar thermal power plant

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