Coal-Biomass Co-Firing Power Generation Technology: Current Status, Challenges and Policy Implications
Yan Xu,
Kun Yang,
Jiahui Zhou and
Guohao Zhao
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Yan Xu: School of management science and engineering, Shanxi University of Finance and Economics, Taiyuan 030006, China
Kun Yang: School of management science and engineering, Shanxi University of Finance and Economics, Taiyuan 030006, China
Jiahui Zhou: School of management science and engineering, Shanxi University of Finance and Economics, Taiyuan 030006, China
Guohao Zhao: School of management science and engineering, Shanxi University of Finance and Economics, Taiyuan 030006, China
Sustainability, 2020, vol. 12, issue 9, 1-18
Abstract:
The severity of climate change and the urgency of ecological environment protection make the transformation of coal power imperative. In this paper, the relevant policies of coal-biomass co-firing power generation are combed, and the technical and economic evaluation of coal-biomass co-firing power generation technology is carried out using Levelized Cost of Electricity (LCOE) model. The result is that the LCOE of coal-biomass indirect co-firing power generation project is significantly higher than that of the pure coal-fired unit, with the LCOE rising by nearly 8%. Through sensitivity analysis, the LCOE will increase by 10.7% when it combusts 15% biomass, and increase by 19.1% when it combusts 20% biomass. The LCOE corresponding to wood chips increased by 5.71% and the LCOE to rice husks decreased by 6.06%. Finally, this paper puts forward some relevant policy suggestions, hoping to provide some reference for the promotion of coal-biomass co-firing power generation in China.
Keywords: coal-biomass co-firing power generation; current status; economic analysis; challenges; policy implications (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (11)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:9:p:3692-:d:353553
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