 An analysis of costs of parabolic trough technology in IndiaPranesh Krishnamurthy, Shreya Mishra and Rangan Banerjee Energy Policy, 2012, vol. 48, issue C, 407-419 Abstract: There is a global resurgence in solar thermal power across the world. This paper provides a transparent framework for calculating the cost of generated electricity from a concentrated solar power (CSP) plant and the internal rate of return on equity. The different factors contributing to the capital cost and generation cost of CSP technology have been discussed. The effect of variation of plant size, solar insolation and discount rate has been shown. India has launched the Jawaharlal Nehru National Solar Mission (JNNSM) and plans to install 20GW of grid connected solar power by 2022. An analysis of the bids received in the National Thermal Power Corporation’s Vidyut Vyapar Nigam Ltd. (NVVN) bidding process, indicates that successful companies have access to low interest capital (effective discount rate ranging from 6.3–12.2%). With the current generation cost of 11–12 Rs/kWh (24–25 US Cents/kWh), an achievable target for CSP in the future is likely to be 6.5–7 Rs/kWh (14–15 US Cents/kWh). This may be possible through reductions in solar field and power block costs combined with increases in collector and overall plant efficiency. Keywords: Solar thermal; Parabolic trough; Cost analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:48:y:2012:i:c:p:407-419 DOI: 10.1016/j.enpol.2012.05.041 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.