Techno-environ-economic assessment of photovoltaic and CSP with storage systems in China and Egypt under various climatic conditions

Karem Elsayed Elfeky and Qiuwang Wang

Renewable Energy, 2023, vol. 215, issue C

Abstract: The goal of this research is to conduct a techno-environ-economic assessment of the two primary electrical energy generation technologies-photovoltaic and concentrating solar power with the storage system. The comparative technical analysis is based on solar to electrical efficiency, electrical output, capacity utilization factor, and land use factor, whereas the financial comparison considers factors like net present value, net capital cost, levelized cost of electricity, payback period, and greenhouse gas emission. The present simulation is carried out utilizing System Advisor Model software. The findings show that while installing photovoltaic power plants in China is the ideal option, establishing concentrating solar power plants in Egyptian meteorological conditions is the optimum alternative. Moreover, the results indicate that by comparing the best scenario for a photovoltaic plant with the best scenario for a concentrated solar power plant, the latter generates 33.34% more electricity. The findings also demonstrate that concentrated solar power plants use 48.7% of their capacity utilization factor, as opposed to photovoltaic plants, which only use 29.2% of their capacity utilization factor. Furthermore, the results imply the ability of concentrated solar power and photovoltaic to reduce greenhouse gas emissions by 98.1% and 95.8%, respectively.

Keywords: Concentrating solar power; Greenhouse gas emission; Net present value photovoltaic; Thermal energy storage (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148123008364
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:215:y:2023:i:c:s0960148123008364

DOI: 10.1016/j.renene.2023.118930

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().