Abstract

CASTILLO-RAMIREZ, Alejandro; MEJIA-GIRALDO, Diego  and  MUNOZ-GALEANO, Nicolás. LARGE-SCALE SOLAR PV LCOE COMPREHENSIVE BREAKDOWN METHODOLOGY. C.T.F Cienc. Tecnol. Futuro [online]. 2017, vol.7, n.1, pp.117-126. ISSN 0122-5383.

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 : LCOE breakdown; Large-Scale Photovoltaic; Investment Costs; Operational and Maintenance Costs; Incentives; WACC.

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