IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v13y2009i9p2474-2484.html
   My bibliography  Save this article

Economic analysis of power generation from parabolic trough solar thermal plants for the Mediterranean region--A case study for the island of Cyprus

Author

Listed:
  • Poullikkas, Andreas

Abstract

In this work a feasibility study is carried out in order to investigate whether the installation of a parabolic trough solar thermal technology for power generation in the Mediterranean region is economically feasible. The case study takes into account the available solar potential for Cyprus, as well as all available data concerning current renewable energy sources policy of the Cyprus Government, including the relevant feed-in tariff. In order to identify the least cost feasible option for the installation of the parabolic trough solar thermal plant a parametric cost-benefit analysis is carried out by varying parameters, such as, parabolic trough solar thermal plant capacity, parabolic trough solar thermal capital investment, operating hours, carbon dioxide emission trading system price, etc. For all above cases the electricity unit cost or benefit before tax, as well as after tax cash flow, net present value, internal rate of return and payback period are calculated. The results indicate that under certain conditions such projects can be profitable.

Suggested Citation

  • Poullikkas, Andreas, 2009. "Economic analysis of power generation from parabolic trough solar thermal plants for the Mediterranean region--A case study for the island of Cyprus," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2474-2484, December.
    • Handle: RePEc:eee:rensus:v:13:y:2009:i:9:p:2474-2484
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364-0321(09)00129-4
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Beerbaum, S & Weinrebe, G, 2000. "Solar thermal power generation in India—a techno–economic analysis," Renewable Energy, Elsevier, vol. 21(2), pages 153-174.
    2. Poullikkas, Andreas, 2007. "Implementation of distributed generation technologies in isolated power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(1), pages 30-56, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Toledo, Olga Moraes & Oliveira Filho, Delly & Diniz, Antônia Sônia Alves Cardoso, 2010. "Distributed photovoltaic generation and energy storage systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 506-511, January.
    2. Mohanty, Sthitapragyan & Patra, Prashanta K. & Sahoo, Sudhansu S. & Mohanty, Asit, 2017. "Forecasting of solar energy with application for a growing economy like India: Survey and implication," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 539-553.
    3. Sharma, Chandan & Sharma, Ashish K. & Mullick, Subhash C. & Kandpal, Tara C., 2015. "Assessment of solar thermal power generation potential in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 902-912.
    4. Islam, Md Tasbirul & Huda, Nazmul & Saidur, R., 2019. "Current energy mix and techno-economic analysis of concentrating solar power (CSP) technologies in Malaysia," Renewable Energy, Elsevier, vol. 140(C), pages 789-806.
    5. Bataineh, Khaled, 2024. "Hybrid fuel-assisted solar-powered stirling engine for combined cooling, heating, and power systems: A review," Energy, Elsevier, vol. 300(C).
    6. Poullikkas, Andreas & Kourtis, George & Hadjipaschalis, Ioannis, 2011. "A hybrid model for the optimum integration of renewable technologies in power generation systems," Energy Policy, Elsevier, vol. 39(2), pages 926-935, February.
    7. Hernandez, J.A. & Velasco, D. & Trujillo, C.L., 2011. "Analysis of the effect of the implementation of photovoltaic systems like option of distributed generation in Colombia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(5), pages 2290-2298, June.
    8. Pavlović, Tomislav M. & Radonjić, Ivana S. & Milosavljević, Dragana D. & Pantić, Lana S., 2012. "A review of concentrating solar power plants in the world and their potential use in Serbia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 3891-3902.
    9. Ghalamchi, Mehrdad & Kasaeian, Alibakhsh & Ghalamchi, Mehran & Mirzahosseini, Alireza Hajiseyed, 2016. "An experimental study on the thermal performance of a solar chimney with different dimensional parameters," Renewable Energy, Elsevier, vol. 91(C), pages 477-483.
    10. Reddy, K.S. & Veershetty, G., 2013. "Viability analysis of solar parabolic dish stand-alone power plant for Indian conditions," Applied Energy, Elsevier, vol. 102(C), pages 908-922.
    11. Kapila, Sahil & Oni, Abayomi Olufemi & Kumar, Amit, 2017. "The development of techno-economic models for large-scale energy storage systems," Energy, Elsevier, vol. 140(P1), pages 656-672.
    12. William E., Lilley & Luke J., Reedman & Liam D., Wagner & Colin F., Alie & Anthony R., Szatow, 2012. "An economic evaluation of the potential for distributed energy in Australia," Energy Policy, Elsevier, vol. 51(C), pages 277-289.
    13. Gupta, M.K. & Kaushik, S.C., 2010. "Exergy analysis and investigation for various feed water heaters of direct steam generation solar–thermal power plant," Renewable Energy, Elsevier, vol. 35(6), pages 1228-1235.
    14. Zubo, Rana.H.A. & Mokryani, Geev & Rajamani, Haile-Selassie & Aghaei, Jamshid & Niknam, Taher & Pillai, Prashant, 2017. "Operation and planning of distribution networks with integration of renewable distributed generators considering uncertainties: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 1177-1198.
    15. Luciano T. Barbosa & Samuel D. Vasconcelos & Pedro A. C. Rosas & José F. C. Castro & Douglas C. P. Barbosa, 2024. "Assessment of Green Hydrogen as Energy Supply Alternative for Isolated Power Systems and Microgrids," Energies, MDPI, vol. 17(19), pages 1-28, September.
    16. Nixon, J.D. & Dey, P.K. & Davies, P.A., 2012. "The feasibility of hybrid solar-biomass power plants in India," Energy, Elsevier, vol. 46(1), pages 541-554.
    17. Kerkeni, C & BenJemaa, F & Kooli, S & Farhat, A & Maalej, M, 2002. "Performance evaluation of a thermodynamic solar power plant: fifteen years of operation history," Renewable Energy, Elsevier, vol. 25(3), pages 473-487.
    18. Poullikkas, Andreas, 2009. "Parametric cost-benefit analysis for the installation of photovoltaic parks in the island of Cyprus," Energy Policy, Elsevier, vol. 37(9), pages 3673-3680, September.
    19. Krishnamurthy, Pranesh & Mishra, Shreya & Banerjee, Rangan, 2012. "An analysis of costs of parabolic trough technology in India," Energy Policy, Elsevier, vol. 48(C), pages 407-419.
    20. Das, Choton K. & Bass, Octavian & Kothapalli, Ganesh & Mahmoud, Thair S. & Habibi, Daryoush, 2018. "Overview of energy storage systems in distribution networks: Placement, sizing, operation, and power quality," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1205-1230.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:13:y:2009:i:9:p:2474-2484. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.