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Assessment of oxyfuel power generation technologies

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  • Hadjipaschalis, Ioannis
  • Kourtis, George
  • Poullikkas, Andreas

Abstract

In this work, a cost-benefit analysis concerning the use of oxyfuel combustion technology is carried out. For the analysis, the IPP optimization software is used in which a decouple optimization method for power technology selection in competitive markets is employed and the electricity unit cost and the CO2 avoidance cost are calculated. The results indicate that oxyfuel technology is a competitive CO2 capture and storage (CCS) technology. In addition, the effect of varying loan interest rates was investigated in the economic performance of an oxyfuel combustion plant. This analysis, revealed that up to a value of loan interest of approximately 5.3% the oxyfuel plant retains the competitive electricity unit costs (compared to other CCS technologies). For higher interest rate levels, other CCS technologies become more economically attractive.

Suggested Citation

  • Hadjipaschalis, Ioannis & Kourtis, George & Poullikkas, Andreas, 2009. "Assessment of oxyfuel power generation technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2637-2644, December.
    • Handle: RePEc:eee:rensus:v:13:y:2009:i:9:p:2637-2644
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    References listed on IDEAS

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    1. Rubin, Edward S. & Yeh, Sonia & Antes, Matt & Berkenpas, Michael & Davison, John, 2007. "Use of experience curves to estimate the future cost of power plants with CO2 capture," Institute of Transportation Studies, Working Paper Series qt46x6h0n0, Institute of Transportation Studies, UC Davis.
    2. Rubin, Edward S. & Chen, Chao & Rao, Anand B., 2007. "Cost and performance of fossil fuel power plants with CO2 capture and storage," Energy Policy, Elsevier, vol. 35(9), pages 4444-4454, September.
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    6. Sheikhi Fini, A. & Parsa Moghaddam, M. & Sheikh-El-Eslami, M.K., 2013. "An investigation on the impacts of regulatory support schemes on distributed energy resource expansion planning," Renewable Energy, Elsevier, vol. 53(C), pages 339-349.
    7. Wu, X.D. & Yang, Q. & Chen, G.Q. & Hayat, T. & Alsaedi, A., 2016. "Progress and prospect of CCS in China: Using learning curve to assess the cost-viability of a 2×600MW retrofitted oxyfuel power plant as a case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 1274-1285.
    8. Akorede, Mudathir Funsho & Hizam, Hashim & Pouresmaeil, Edris, 2010. "Distributed energy resources and benefits to the environment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(2), pages 724-734, February.
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