Market-acceptable cost for a hybrid solar linear concentrator in India - A sensitivity study

J. Daniel*, M. Vivar, L. Suganthi, S. Iniyan, I. Skryabin

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    Abstract

    A hybrid solar linear concentrator (HSLC) based on photovoltaic linear concentrator technology is capable of delivering both electricity and hot water for satisfying urban energy needs. The net output of such a system plays a major role in determining the benefit to cost ratio of such a system. Different approaches were tried in this article to consider the thermal energy in equivalent electrical energy terms to determine the net output of the system under select meteorological conditions. A sensitivity-based study is conducted based on these approaches considering the maintenance cost, payback, net present values and benefit to cost ratios. The capital cost of the system at Rs 200,000 to Rs 300,000 yielded a benefit to cost ratio of 1.79 to 3, respectively whereas the same cost structures had an internal rate of return of 10.4% and 5.2%, respectively. When compared to the actual market price of the HSLC system, carbon credits earned during the lifetime operation of the HSLC system were useful for the mitigation of the high investment costs.

    Original languageEnglish
    Pages (from-to)80-86
    Number of pages7
    JournalEnergy Sources, Part B: Economics, Planning and Policy
    Volume11
    Issue number1
    DOIs
    Publication statusPublished - 2 Jan 2016

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