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Technological Options for Power Generation

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  • Ulf Hansen

Abstract

The demand for electricity is expected to double from 1990 to 2020. This will require 4000 GW of new capacity to be constructed worldwide, both as additions and replacements. Technical progress has made new conventional power plants more efficient and environment friendly than existing ones, and they can be built quicker and cheaper. Fossil fuels already form the basis for two thirds of all electricity and their importance will continue to grow, both as gasfired combined cycle and as coal-fired steam cycle. The technical choice depends on a wide array of considerations, including financial engineering. In liberalised electricity markets with global sourcing the emphasis is on minimum costs and cash-flow. Independent project developers currently fund 30% of all new generating capacity investments and the share is growing. The expanding role of fossil fuels runs counter to policies to reduce the emission of greenhouse gases. To reverse the trend would require strong support for renewables and acceptance of nuclear power.

Suggested Citation

  • Ulf Hansen, 1998. "Technological Options for Power Generation," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 63-87.
    • Handle: RePEc:aen:journl:1998v19-02-a04
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    Cited by:

    1. Colpier, Ulrika Claeson & Cornland, Deborah, 2002. "The economics of the combined cycle gas turbine--an experience curve analysis," Energy Policy, Elsevier, vol. 30(4), pages 309-316, March.
    2. Shaahid, S.M. & Al-Hadhrami, L.M. & Rahman, M.K., 2013. "Economic feasibility of development of wind power plants in coastal locations of Saudi Arabia – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 19(C), pages 589-597.
    3. Phuangpornpitak, N. & Kumar, S., 2007. "PV hybrid systems for rural electrification in Thailand," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(7), pages 1530-1543, September.
    4. Salas, V. & Suponthana, W. & Salas, R.A., 2015. "Overview of the off-grid photovoltaic diesel batteries systems with AC loads," Applied Energy, Elsevier, vol. 157(C), pages 195-216.
    5. Lamont, Lisa A. & El Chaar, Lana, 2011. "Enhancement of a stand-alone photovoltaic system’s performance: Reduction of soft and hard shading," Renewable Energy, Elsevier, vol. 36(4), pages 1306-1310.
    6. Shaahid, S.M. & Al-Hadhrami, L.M. & Rahman, M.K., 2014. "Review of economic assessment of hybrid photovoltaic-diesel-battery power systems for residential loads for different provinces of Saudi Arabia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 174-181.
    7. Perkins, Richard, 2005. "Electricity sector restructuring in India: an environmentally beneficial policy?," Energy Policy, Elsevier, vol. 33(4), pages 439-449, March.
    8. Mohammed, Y.S. & Mustafa, M.W. & Bashir, N., 2014. "Hybrid renewable energy systems for off-grid electric power: Review of substantial issues," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 527-539.
    9. Shaahid, S.M. & Elhadidy, M.A., 2008. "Economic analysis of hybrid photovoltaic-diesel-battery power systems for residential loads in hot regions--A step to clean future," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(2), pages 488-503, February.
    10. Shaahid, S.M. & Elhadidy, M.A., 2003. "Opportunities for utilization of stand-alone hybrid (photovoltaic + diesel + battery) power systems in hot climates," Renewable Energy, Elsevier, vol. 28(11), pages 1741-1753.
    11. Shaahid, S.M. & Elhadidy, M.A., 2007. "Technical and economic assessment of grid-independent hybrid photovoltaic-diesel-battery power systems for commercial loads in desert environments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(8), pages 1794-1810, October.
    12. Elhadidy, M.A & Shaahid, S.M, 2004. "Role of hybrid (wind+diesel) power systems in meeting commercial loads," Renewable Energy, Elsevier, vol. 29(1), pages 109-118.
    13. Elhadidy, M.A., 2002. "Performance evaluation of hybrid (wind/solar/diesel) power systems," Renewable Energy, Elsevier, vol. 26(3), pages 401-413.
    14. Shaahid, S.M., 2011. "Review of research on autonomous wind farms and solar parks and their feasibility for commercial loads in hot regions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3877-3887.
    15. Mohammed, Ammar & Pasupuleti, Jagadeesh & Khatib, Tamer & Elmenreich, Wilfried, 2015. "A review of process and operational system control of hybrid photovoltaic/diesel generator systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 44(C), pages 436-446.
    16. Karakoulidis, K. & Mavridis, K. & Bandekas, D.V. & Adoniadis, P. & Potolias, C. & Vordos, N., 2011. "Techno-economic analysis of a stand-alone hybrid photovoltaic-diesel–battery-fuel cell power system," Renewable Energy, Elsevier, vol. 36(8), pages 2238-2244.
    17. Elhadidy, M.A. & Shaahid, S.M., 2004. "Promoting applications of hybrid (wind+photovoltaic+diesel+battery) power systems in hot regions," Renewable Energy, Elsevier, vol. 29(4), pages 517-528.
    18. Maung, Thein A., 2006. "Market Penetration of Biomass Fuels for Electricity Generation," 2006 Annual meeting, July 23-26, Long Beach, CA 21377, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    19. Ma, Tao & Yang, Hongxing & Lu, Lin, 2013. "Performance evaluation of a stand-alone photovoltaic system on an isolated island in Hong Kong," Applied Energy, Elsevier, vol. 112(C), pages 663-672.
    20. Elhadidy, M.A. & Shaahid, S.M., 2000. "Parametric study of hybrid (wind + solar + diesel) power generating systems," Renewable Energy, Elsevier, vol. 21(2), pages 129-139.
    21. Shaahid, S.M. & Elhadidy, M.A., 2004. "Prospects of autonomous/stand-alone hybrid (photo-voltaic + diesel + battery) power systems in commercial applications in hot regions," Renewable Energy, Elsevier, vol. 29(2), pages 165-177.
    22. Shaahid, S.M. & El-Amin, I., 2009. "Techno-economic evaluation of off-grid hybrid photovoltaic-diesel-battery power systems for rural electrification in Saudi Arabia--A way forward for sustainable development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(3), pages 625-633, April.

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    JEL classification:

    • F0 - International Economics - - General

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