The levelized cost of energy (LCOE) is widely used for evaluating the cost of energy generation across technologies. In a utility-scale high-concentrator photovoltaic system (HCPV), capacity factor (CF) and ground-coverage ratio (GCR) are the two fundamental drivers for determining the LCOE. However the LCOE is a complex function of various parameters, which is not explicitly defined in terms of these two factors. In this chapter, based on a cost function that simplifies the LCOE in terms of CF and GCR, the method for modeling utility-scale HCPV systems is considered.
Bibliographical noteFunding Information:
This work was supported by the Human Resources Development program (Grant No. 20124030200120) of the Korea Institute of Energy Technology Evaluation and Planning grant funded by the Korea government Ministry of Trade, Industry and Energy. This research was also supported by Basic Science Research Program through the National Research Foundation of Korea (NRF) funded by the Ministry of Science, ICT and Future Planning (Grant No. NRF-2014R1A1A1003771).
© Springer International Publishing Switzerland 2015
ASJC Scopus subject areas
- Renewable Energy, Sustainability and the Environment
- Energy Engineering and Power Technology
- Management, Monitoring, Policy and Law
- Industrial and Manufacturing Engineering