CT&F Ciencia, Tecnología & Futuro ()

LARGE-SCALE SOLAR PV LCOE COMPREHENSIVE BREAKDOWN METHODOLOGY

  • Alejandro Castillo-Ramírez,
  • Diego Mejía-Giraldo,
  • Nicolás Muñoz-Galeano

Journal volume & issue
Vol. 7, no. 1
pp. 117 – 126

Abstract

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ABSTRACT This paper presents a breakdown cost methodology to evaluate Levelized Costs of Electricity for large-scale Photovoltaic (PV) plants. The breakdown is based on a comprehensive taxonomy to evaluate Investment Costs (IC) and Operation and Maintenance (O&M) expenditures. We added an IC disaggregation level, called elements, on top of the five-component breakdown of the Energy Information Administration (EIA). In addition, a novel structure for disaggregating O&M costs is also proposed. The methodology is evaluated over a 20-MW and a 150-MW PV power plant hypothetically placed in the municipality of Uribia (Guajira Colombia). Also deterministic sensitivity analysis based on discount rate (WACC, Weighted Average Capital Cost), energy generated, O&M costs and IC is performed to aid investors in their decisions.

Keywords