[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v151y2015icp49-59.html
   My bibliography  Save this article

Levelised cost of electricity in high concentrated photovoltaic grid connected systems: Spatial analysis of Spain

Author

Listed:
  • Talavera, D.L.
  • Pérez-Higueras, P.
  • Ruíz-Arias, J.A.
  • Fernández, E.F.
Abstract
Costs for High Concentrator Photovoltaic (HCPV) power plants dropped dramatically during 2013 and are expected to continue to fall in the next few years. Moreover, when viewed from the perspective of life cycle cost, HCPV becomes even more competitive than other renewable technologies in some geographical areas. Consequently, an analysis of the economic feasibility of the HCPV systems in future scenarios is necessary for comparison with other electricity generation technologies. One of the methods commonly used for the economic feasibility analysis in electricity generation projects is the levelised cost of electricity (LCOE). In this paper a cost analysis of electricity generation of HCPV technology in Spain by using the LCOE has been carried out. The results obtained in this LCOE analysis show that in 2020 the LCOE will be able to reach values for HCPV systems from 0.035 to 0.080€/kWh, lower than LCOE for conventional PV systems, in some geographical areas of Spain. The results obtained in this analysis have been shown in innovative maps.

Suggested Citation

  • Talavera, D.L. & Pérez-Higueras, P. & Ruíz-Arias, J.A. & Fernández, E.F., 2015. "Levelised cost of electricity in high concentrated photovoltaic grid connected systems: Spatial analysis of Spain," Applied Energy, Elsevier, vol. 151(C), pages 49-59.
    • Handle: RePEc:eee:appene:v:151:y:2015:i:c:p:49-59
    DOI: 10.1016/j.apenergy.2015.04.072
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261915005358
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2015.04.072?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Leloux, Jonathan & Lorenzo, Eduardo & García-Domingo, Beatriz & Aguilera, Jorge & Gueymard, Christian A., 2014. "A bankable method of assessing the performance of a CPV plant," Applied Energy, Elsevier, vol. 118(C), pages 1-11.
    2. Pérez-Higueras, P. & Muñoz, E. & Almonacid, G. & Vidal, P.G., 2011. "High Concentrator PhotoVoltaics efficiencies: Present status and forecast," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 1810-1815, May.
    3. Muñoz, E. & Vidal, P.G. & Nofuentes, G. & Hontoria, L. & Pérez-Higueras, P. & Terrados, J. & Almonacid, G. & Aguilera, J., 2010. "CPV standardization: An overview," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 518-523, January.
    4. Swift, Kenton D., 2013. "A comparison of the cost and financial returns for solar photovoltaic systems installed by businesses in different locations across the United States," Renewable Energy, Elsevier, vol. 57(C), pages 137-143.
    5. Talavera, D.L. & Muñoz-Cerón, E. & de la Casa, J. & Ortega, M.J. & Almonacid, G., 2011. "Energy and economic analysis for large-scale integration of small photovoltaic systems in buildings: The case of a public location in Southern Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4310-4319.
    6. C. Harmon, 2000. "Experience Curves of Photovoltaic Technology," Working Papers ir00014, International Institute for Applied Systems Analysis.
    7. Spertino, Filippo & Di Leo, Paolo & Cocina, Valeria, 2013. "Economic analysis of investment in the rooftop photovoltaic systems: A long-term research in the two main markets," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 531-540.
    8. Ruiz-Arias, J.A. & Terrados, J. & Pérez-Higueras, P. & Pozo-Vázquez, D. & Almonacid, G., 2012. "Assessment of the renewable energies potential for intensive electricity production in the province of Jaén, southern Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2994-3001.
    9. Danchev, Svetoslav & Maniatis, George & Tsakanikas, Aggelos, 2010. "Returns on investment in electricity producing photovoltaic systems under de-escalating feed-in tariffs: The case of Greece," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 500-505, January.
    10. Desideri, Umberto & Campana, Pietro Elia, 2014. "Analysis and comparison between a concentrating solar and a photovoltaic power plant," Applied Energy, Elsevier, vol. 113(C), pages 422-433.
    11. Branker, K. & Pathak, M.J.M. & Pearce, J.M., 2011. "A review of solar photovoltaic levelized cost of electricity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4470-4482.
    12. Gökçek, Murat & Genç, Mustafa Serdar, 2009. "Evaluation of electricity generation and energy cost of wind energy conversion systems (WECSs) in Central Turkey," Applied Energy, Elsevier, vol. 86(12), pages 2731-2739, December.
    13. Daniilidis, Alexandros & Herber, Rien & Vermaas, David A., 2014. "Upscale potential and financial feasibility of a reverse electrodialysis power plant," Applied Energy, Elsevier, vol. 119(C), pages 257-265.
    14. Reddy, K.S. & Veershetty, G., 2013. "Viability analysis of solar parabolic dish stand-alone power plant for Indian conditions," Applied Energy, Elsevier, vol. 102(C), pages 908-922.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Talavera, D.L. & Pérez-Higueras, P. & Almonacid, F. & Fernández, E.F., 2017. "A worldwide assessment of economic feasibility of HCPV power plants: Profitability and competitiveness," Energy, Elsevier, vol. 119(C), pages 408-424.
    2. Sommerfeldt, Nelson & Madani, Hatef, 2017. "Revisiting the techno-economic analysis process for building-mounted, grid-connected solar photovoltaic systems: Part one – Review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 1379-1393.
    3. Riccardo Squatrito & Filippo Sgroi & Salvatore Tudisca & Anna Maria Di Trapani & Riccardo Testa, 2014. "Post Feed-in Scheme Photovoltaic System Feasibility Evaluation in Italy: Sicilian Case Studies," Energies, MDPI, vol. 7(11), pages 1-19, November.
    4. Fernández, Eduardo F. & Pérez-Higueras, P. & Almonacid, F. & Ruiz-Arias, J.A. & Rodrigo, P. & Fernandez, J.I. & Luque-Heredia, I., 2015. "Model for estimating the energy yield of a high concentrator photovoltaic system," Energy, Elsevier, vol. 87(C), pages 77-85.
    5. Talavera, D.L. & Muñoz-Rodriguez, F.J. & Jimenez-Castillo, G. & Rus-Casas, C., 2019. "A new approach to sizing the photovoltaic generator in self-consumption systems based on cost–competitiveness, maximizing direct self-consumption," Renewable Energy, Elsevier, vol. 130(C), pages 1021-1035.
    6. Jiménez-Castillo, G. & Muñoz-Rodriguez, F.J. & Rus-Casas, C. & Talavera, D.L., 2020. "A new approach based on economic profitability to sizing the photovoltaic generator in self-consumption systems without storage," Renewable Energy, Elsevier, vol. 148(C), pages 1017-1033.
    7. D. L. Talavera & E. Muñoz-Cerón & J. de la Casa & D. Lozano-Arjona & M. Theristis & P. J. Pérez-Higueras, 2019. "Complete Procedure for the Economic, Financial and Cost-Competitiveness of Photovoltaic Systems with Self-Consumption," Energies, MDPI, vol. 12(3), pages 1-22, January.
    8. Talavera, D.L. & Muñoz-Cerón, E. & Ferrer-Rodríguez, J.P. & Nofuentes, G., 2016. "Evolution of the cost and economic profitability of grid-connected PV investments in Spain: Long-term review according to the different regulatory frameworks approved," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 233-247.
    9. Fernández, Eduardo F. & Talavera, D.L. & Almonacid, Florencia M. & Smestad, Greg P., 2016. "Investigating the impact of weather variables on the energy yield and cost of energy of grid-connected solar concentrator systems," Energy, Elsevier, vol. 106(C), pages 790-801.
    10. Antonelli, Marco & Desideri, Umberto, 2014. "The doping effect of Italian feed-in tariffs on the PV market," Energy Policy, Elsevier, vol. 67(C), pages 583-594.
    11. Farah Roslan & Ștefan Cristian Gherghina & Jumadil Saputra & Mário Nuno Mata & Farah Diana Mohmad Zali & José Moleiro Martins, 2022. "A Panel Data Approach towards the Effectiveness of Energy Policies in Fostering the Implementation of Solar Photovoltaic Technology: Empirical Evidence for Asia-Pacific," Energies, MDPI, vol. 15(10), pages 1-22, May.
    12. Espinoza, R. & Muñoz-Cerón, E. & Aguilera, J. & de la Casa, J., 2019. "Feasibility evaluation of residential photovoltaic self-consumption projects in Peru," Renewable Energy, Elsevier, vol. 136(C), pages 414-427.
    13. Lee, Minhyun & Hong, Taehoon & Yoo, Hyunji & Koo, Choongwan & Kim, Jimin & Jeong, Kwangbok & Jeong, Jaewook & Ji, Changyoon, 2017. "Establishment of a base price for the Solar Renewable Energy Credit (SREC) from the perspective of residents and state governments in the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 1066-1080.
    14. Renzi, M. & Egidi, L. & Comodi, G., 2015. "Performance analysis of two 3.5kWp CPV systems under real operating conditions," Applied Energy, Elsevier, vol. 160(C), pages 687-696.
    15. Vimpari, Jussi & Junnila, Seppo, 2019. "Estimating the diffusion of rooftop PVs: A real estate economics perspective," Energy, Elsevier, vol. 172(C), pages 1087-1097.
    16. Bendato, Ilaria & Cassettari, Lucia & Mosca, Marco & Mosca, Roberto, 2015. "A design of experiments/response surface methodology approach to study the economic sustainability of a 1MWe photovoltaic plant," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1664-1679.
    17. Lee, Minhyun & Hong, Taehoon & Koo, Choongwan, 2016. "An economic impact analysis of state solar incentives for improving financial performance of residential solar photovoltaic systems in the United States," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 590-607.
    18. Jägemann, Cosima & Hagspiel, Simeon & Lindenberger, Dietmar, 2013. "The Economic Inefficiency of Grid Parity: The Case of German Photovoltaics," EWI Working Papers 2013-19, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
    19. Filippo Sgroi & Salvatore Tudisca & Anna Maria Di Trapani & Riccardo Testa & Riccardo Squatrito, 2014. "Efficacy and Efficiency of Italian Energy Policy: The Case of PV Systems in Greenhouse Farms," Energies, MDPI, vol. 7(6), pages 1-17, June.
    20. de La Tour, Arnaud & Glachant, Matthieu & Ménière, Yann, 2013. "Predicting the costs of photovoltaic solar modules in 2020 using experience curve models," Energy, Elsevier, vol. 62(C), pages 341-348.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:151:y:2015:i:c:p:49-59. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.