Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatar
Countries around the world are rapidly deploying renewable energy generation to reduce carbon emissions. Countries in the Gulf Cooperation Council (GCC) are investing heavily in PV generation due to their rich solar resources. As PV technology becomes more mature, future PV developments will largely...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-09-01
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| Series: | Frontiers in Energy Research |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenrg.2022.987773/full |
| _version_ | 1811337600735117312 |
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| author | Mohamed Alashqar Ying Xue Conghuan Yang Xiao-Ping Zhang |
| author_facet | Mohamed Alashqar Ying Xue Conghuan Yang Xiao-Ping Zhang |
| author_sort | Mohamed Alashqar |
| collection | DOAJ |
| description | Countries around the world are rapidly deploying renewable energy generation to reduce carbon emissions. Countries in the Gulf Cooperation Council (GCC) are investing heavily in PV generation due to their rich solar resources. As PV technology becomes more mature, future PV developments will largely depend on the cost of the PV generation but there is currently very limited published work that shows a detailed design and in particular the economic analysis of large-scale PV farms. Therefore, this paper uses the Qatar’s first PV farm, the 800MWp Alkarsaah PV farm as a case study to explain the design considerations and especially the economic benefits of large-scale PV farms. Economic comparisons will be made with the most efficient CCGT (combined cycle gas turbine) plants in the network to highlight the economic benefits of PV farms. The results show that the Levelized cost of electricity (LCOE) for this PV farm is 14.03$/MWh, much lower than the LCOE of 39.18$/MWh and 24.6$/MWh from the most efficient CCGTs in the network, highlighting the significant economic benefits of developing PV farms in a low carbon power networks in the future. |
| first_indexed | 2024-04-13T17:58:14Z |
| format | Article |
| id | doaj.art-c84bd2966d234a188407a8467f85775e |
| institution | Directory Open Access Journal |
| issn | 2296-598X |
| language | English |
| last_indexed | 2024-04-13T17:58:14Z |
| publishDate | 2022-09-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Energy Research |
| spelling | doaj.art-c84bd2966d234a188407a8467f85775e2022-12-22T02:36:24ZengFrontiers Media S.A.Frontiers in Energy Research2296-598X2022-09-011010.3389/fenrg.2022.987773987773Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatarMohamed Alashqar0Ying Xue1Conghuan Yang2Xiao-Ping Zhang3University of Birmingham, Birmingham, United KingdomSouth China University of Technology, Guangzhou, ChinaGuangzhou Maritime University, Guangdong, ChinaUniversity of Birmingham, Birmingham, United KingdomCountries around the world are rapidly deploying renewable energy generation to reduce carbon emissions. Countries in the Gulf Cooperation Council (GCC) are investing heavily in PV generation due to their rich solar resources. As PV technology becomes more mature, future PV developments will largely depend on the cost of the PV generation but there is currently very limited published work that shows a detailed design and in particular the economic analysis of large-scale PV farms. Therefore, this paper uses the Qatar’s first PV farm, the 800MWp Alkarsaah PV farm as a case study to explain the design considerations and especially the economic benefits of large-scale PV farms. Economic comparisons will be made with the most efficient CCGT (combined cycle gas turbine) plants in the network to highlight the economic benefits of PV farms. The results show that the Levelized cost of electricity (LCOE) for this PV farm is 14.03$/MWh, much lower than the LCOE of 39.18$/MWh and 24.6$/MWh from the most efficient CCGTs in the network, highlighting the significant economic benefits of developing PV farms in a low carbon power networks in the future.https://www.frontiersin.org/articles/10.3389/fenrg.2022.987773/fullLCOEmarginal costcapital costfixed costPV solar projectrenewable energy |
| spellingShingle | Mohamed Alashqar Ying Xue Conghuan Yang Xiao-Ping Zhang Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatar Frontiers in Energy Research LCOE marginal cost capital cost fixed cost PV solar project renewable energy |
| title | Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatar |
| title_full | Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatar |
| title_fullStr | Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatar |
| title_full_unstemmed | Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatar |
| title_short | Comprehensive economic analysis of PV farm -A case study of Alkarsaah PV farm in qatar |
| title_sort | comprehensive economic analysis of pv farm a case study of alkarsaah pv farm in qatar |
| topic | LCOE marginal cost capital cost fixed cost PV solar project renewable energy |
| url | https://www.frontiersin.org/articles/10.3389/fenrg.2022.987773/full |
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