Research Article
Optimal Design Method of a Hybrid CSP-PV Plant Based on Genetic Algorithm Considering the Operation Strategy
Table 5
Cost estimation of the CSP plant and PV system.
| | CSP direct cost | | CSP annual cost | |
| | Solar field cost (CSF) | 240 $/m2 of collector area | O&M annual cost | 1.5% | | Piping cost (CPIP) | 36 $/m2 of collector area | Insurance annual cost | 0.5% | | Tank cost (CTES) | 750 $/m3 of storage volume | PV annual cost | | | BoP cost (CCSP,BoP) | 300 $/kWe | O&M annual cost | 1.5% | | PV direct cost | | Insurance annual cost | 0.25% | | Panel cost (CPV) | 1200 $/kWp | CSP/PV indirect cost | | | Inverter cost (CINV) | 240 $/kW | Land cost (CLAND) | 12 $/m2 | | BoP cost (Cpv,BoP) | 240 $/kW | Engineering cost (CEPC) | 20% | | Battery cost (CB) | 1200 $/kWh | Other assumption | | | PV degradation rate | 0.6% | Annual interest rate | 7% | | Operating lifetime | 25 years | CSP degradation rate | 0.2% |
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