CSP is therefore better for 24/7 dispatchable power. Presentation at the CPV Conference, (*) Founder and CEO of SolarVision Consulting. Average capacity factors are 47.5% in July and 6.1% in January for CSP and 22.3% in July and 11.2% in January for PV. Vol. CSP vs PV Developing From a Solar Resource Perspective Riaan Meyer MD, GeoSUN Africa 1. Concentrated solar power (CSP, also known as concentrating solar power, concentrated solar thermal) systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight onto a receiver. Pappas, C., Karakosta, C., Marinakis, V. and Psarras, J. Energy Policy 39 (2011), (*) Swiss Federal Institute of Technology, Switzerland). As anticipated, different values are not a surprise: not only are they expressed in a different currency but also because they are based on a combination of different parameters and assumptions. It is not the only technical factor that make the CSP’s market smaller than that of the PV. Graph 4: Cost Comparison between PV and CSP Technology Options, (Source: own production based on Prior, B. In conclusion, although the LCOE is a powerful parameter to summarise the economic performance of an investment in the power sector, a more detailed analysis can provide additional elements to consider and inform the decision-making process. Solar PV in Massachusetts is … In average CSP plants occupy 10 acers/MW and PV plants require 8 acers/MW. CSP vs PV – technologies Concentrated Solar Thermal systems (CSP), are not the same as Photovoltaic panels; CSP systems concentrate radiation of the sun to heat a liquid substance which is then used to drive a heat engine and drive an electric generator. no tracking system) plant. Figure 1: Typical cost elements forming the LCOE, (Source: Own production based on VV. Concentrated solar power. When looking at current and future price levels CSP has—and will have—the highest levelized cost of electricity (LCOE; €/kWh). 1734. Instead, they use sunlight through the ‘photovoltaic effect’ to generate direct electric current (DC) in a direct electricity production process. Concentrated solar power (CSP, also known as concentrating solar power, concentrated solar thermal) systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight onto a receiver. Ich bin neu und möchte ein Benutzerkonto anlegen. Scientific literature and market sources still give quite a wide range of estimations when it comes to the cost of CSP plants, partially because this technology quite new, many details have not yet been disclosed as they are still considered commercially sensitive. One advantage of CSP over PV and many other renewable energy technologies is its ability to store the sun’s energy. Small Innovative Projects in Solar (SIPS): PV and Concentrated Solar Power (CSP) – $5 million for 15-20 projects that advance innovative and novel ideas in PV and CSP that can produce significant results within the first year of performance. Molten salt, for example, can be stored and kept hot for many hours so that when electricity is needed, the heat can be used to make steam to drive a generator. To assess this ”best fit”, the comparison between CSP and PV will be discussed from two different but interrelated points of view: In search of recent developments in the US energy industry and global economic and financial markets one can find conflicting evidence as to the competitive comparison between the two main Solar Energy technologies for power generation: Concentrated Solar Thermal Power and Photovoltaic systems. The LCOE is defined by a wide range of costs occurring along the whole value chain of a solar energy facility, as shown in Figure 1 [1]. Part 1, FarmCraft101 solar. This issue has led to a much larger market for PV and as a result, more tech companies, research centres, investors and policy makers have gotten interested in PV rather than CSP. CSP vs PV – Energy Storage and efficiency Translated in numbers, CSP is 3.28 times more expensive than PV, which is in line with the range identified above in Table 1. Additionally, wind turbines take up much more space than solar panels. The CSP plot shows nighttime generation of power from stored heat. The King Abdullah City for Atomic and Concentrated Solar Power (CSP) vs. • [W2] Wolfertstetter F, Wilbert S, Dersch J, Dieckmann S, Pitz-Paal R, Ghennioui A. Concentrating solar power (CSP) systems concentrate the sun’s energy using reflective devices such as troughs or mirror panels to produce heat that is … The specific technology and configuration of a solar energy plant determines different investment and development costs. CSP vs PV – market update – investors’ perspective Energy markets consider three main factors in deciding on power sources: cost of energy, ancillary services and power dispatch-ability on demand. CSP solar in California 33%. However, this market intelligence reflects current perceptions that are being created amongst renewable energy market stakeholders. (vii) Notwithstanding anything contained in this Grid Code Addendum No.2 for PV/CSP power plants, the Regulator may review, amend, modify or change the Addendum from time to time. Contents •Solar Resource 101 •PV Developers •CSP Developers •Comparison 2 • Stellenbosch University spin-off, in partnership with GeoModel Solar • Solar Resource –Solar Maps and GIS Layers Debt and equity costs for wind solar PV and CSP in the US 2009 to 2011 . Previously, CSP Today compared CSP and PV focusing exclusively on the Levelised Cost of Energy (LCOE). CSP vs PV – market update – investors’ perspective . Copyright 2020 PROTERMOSOLAR | All Rights Reserved |, Hybrid Concentrated Solar Power – PV offers lowest cost for Chile, Long Duration Energy Storage gets New R&D Lab in Biden’s DOE, Prof. Valeriano Ruiz, co-founder of ESTELA and a pioneer of solar thermal technology since the 1970s, has passed away, Concentrated Solar Power build pipeline must hit “GWs” to fend off PV menace. 68,00 € Lähetetään 5-9 arkipäivässä Ilmainen toimitus yli 39,90 € tilauksiin. PV technology is the cheapest of the four alternatives, whereas CSP is the most expensive. Research carried out in Greece in 2012 [4] reports other cost estimates shown in Graph 1. Graph 3: Cost Comparison between PV and CSP Technology Options [$/kWe installed], (Source: Prior, B. SunShot Vision Study. The analysis of the capital costs (EPC cost + other costs) displayed above show some interesting considerations. on cloudy days or overnight, to generate electric power. CSP (Concentrated Solar Power) CSP technology is not as popular anymore as before the invention of PV technology. Graph 3 presents a more detailed comparison between CSP and PV options [5]. Could a Perovskite make Cheaper Solar Hydrogen. Renewable Energy Technologies: Cost Analysis Series - Concentrating Solar Power. CSP vs PV Developing From a Developers Perspective . CSP installed costs by project size collector type and amount of storage. Graph 1: Capital Cost of Solar Energy Technologies [€/kWe installed], (Source: VV.AA. Electricity is generated when the concentrated light is converted to heat (solar thermal energy), which drives a heat engine (usually a steam turbine) connected to an electrical power generator or powers a thermochemical reaction. (Post image credit: mzacha-www.morguefile.com/creative/mzacha), CSP Vs PV – Integration for increasing Solar Power Penetration. This difference is amplified by the fact that whilst CSP efficiency increases with temperature, PV performance conversely degrades [8, 9]. Renewable Energy Technologies: Cost Analysis Series - Concentrating Solar Power. According to latest research activity at the US National Renewable Energy Laboratory (NREL – ‘http://www.nrel.gov) it is suggested that TES in Concentrated Solar Thermal Plants can increase the penetration of solar or wind power (intermittent renewable energy technologies) in to the power industry. Translated in numbers, CSP is 3.28 times more expensive than PV, which is in line with the range identified above in Table 1. But just because wind turbines produce more energy doesn’t make wind energy the undefeated winner. 5 The lay of the land…..(shape) Bokpoort 50 MW trough Kaxu 100 MW trough Xina 100 MW trough . (*), 2012. The means of the two estimates are 26.8% for CSP and 16.8% for PV, comparable to the 24.7% and 17.8% values 0ntained from the 2015-16 data discussed earlier: CSP vs PV – Energy Storage and efficiency . PV & CPV: LCOE & Bankability - Considerations for 2010 and Beyond. (*), 2011. (*), 2010. in batteries) especially at large power levels. In Graph 3 the words Wet and Dry refer to the cooling system, Mono and Multi to monocrystalline and polycrystalline, whereas Fixed and 1 Axis refer to the tracking systems (i.e. General Parameters Affecting the CSP and PV Projects. The CSP system only works with direct irradiation while PV systems could even use the diffuse radiation. CSP today investigates a detailed financial comparison between PV and CSP, taking into consideration aspects such as actual cost of electricity produced, plant size, O&M and TES in order to determine which type of energy plant provides better return on investment. Full load hours for CSP as a function of direct normal irradiation. CSP vs PV - nidottu, Englanti, 2019. Energy markets consider three main factors in deciding on power sources: cost of energy, ancillary services and power dispatch-ability on demand. PV technology is the cheapest of the four alternatives, whereas CSP is the most expensive. Unlike CSP which uses the sun’s energy, PV … An international report published in 2012 [8] collects various cost estimations summarised in Table 1. In Graph 1 PV and CSP are also compared with wind offshore and biomass CHP. 5 The lay of the land…..(shape) Bokpoort 50 MW trough Kaxu 100 MW trough A significant portion of this new capacity is expected to come from renewable sources of energy, notably solar power. In Graph 1 PV and CSP are also compared with wind offshore and biomass CHP. CSP vs PV – market update – investors’ perspective The initial allocation for PV was much larger than that for CSP and PV still has a larger fraction of the capacity to be installed. Thus CSP systems are far more attractive for large scale power generation as thermal energy storage technologies are far more efficient than electricity storage technologies; CSP systems can produce excess energy during the day and store it for usage over the night, thus energy storage capabilities can not only improve financial performance but also dispatchability of solar power and flexibility in the power network. Energy Conversion and Management, 2012, (*) Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Greece. Obviously, in a recently long-shaken and uncertain global economic environment, energy investors consider competitive cost of energy the most important issue. Cost and LCOE by Generation Technology, 2009-2020. ACWA Power Overview – Proven Track Record and Global PortfolioGeneral Parameters Affecting the CSP and PV ProjectsCountryContractual ParametersClimatic conditions and Available landTechnical DesignTechnology risksFinancing--Summary Table of key risks impacting thefinancing of projects and differences between the PV and CSPACWA Power’s – Solar Portfolio, CSP & PV projects Venue : Conference : Outline. A Comparison of Electricity Production Technologies in Terms of Sustainable Development. Climatic conditions and Available land . Its price is almost the same as the cost of a multicrystalline fixed (i.e. Source: CSP Parabolic Trough Report: Cost, Performance and Key Trends, 2013. For example, the Nevada Solar One parabolic trough plant completed in 2007, reported capital costs of approximately $4,100/kW installed [2]. Report Name : Challenges on Financing Solar CSP vs PV Projects. Nowadays, CSP technology is too expensive for many investors. In this article a more detailed analysis of the costs associated with the two types of energy plants is examined with the aim of revealing further elements that investors and developers could take into account. In a nutshell, the relevant technical differences discussed thus far demonstrate that PV and CSP plants are more than likely to have differences in performance. For example, increasing the storage capacity in CSP plants by up to nine hours can reduce the LCOE by approximately 3% [3]. China ranks top in terms of solar PV installed capacity, and is also the largest solar module supplier worldwide. Wir verwenden Cookies, die für die ordnungsgemäße Bereitstellung unseres Webseitenangebots zwingend erforderlich sind. GTM Research, (*) Senior Analyst). Only in the US, according to market data and research, a total capacity of approximately 3000 MW (3 GW) has been converted from CSP-to-PV solar plants. CSP located in Luxor showed the lowest LEC equal to 0.162 €/kWh when compared to CSP and PV located in Italy, 0.319 and 0.190 €/kWh respectively. Shedding Light on Solar Technologies - a Techno-Economic Assessment and its Policy Implications. Concentrated solar power systems require a significant amount of land with direct sunlight. Thus CSP with TES may not necessarily be perceived as a competitor of PV systems but as a complementary enabler for large scale PV installations. One of the key differentiating factors is that heat energy from CSP is more easily and efficiently stored than PV. The ugly truth behind grid-tie solar systems. For example, the construction of Thermal Energy Storage (TES) can imply higher investment costs but it increases the capacity factor of the plant therefore positively impacting the LCOE [3]. Data displayed in Graph 5 indicates that whilst the c-Si technology is marginally more expensive than the CdTe, a Parabolic Trough system costs between 1.45 and 1.55 times more than the cheapest PV option (CdTe). Therefore, the PV could be installed in any location while the suitable areas for CSP are much more limited. Concentrated solar power (CSP) systems generate solar power by using mirrors or lenses to concentrate a large area of sunlight, or solar thermal energy, onto a small area.. Electricity is generated when the concentrated light is converted to heat, which drives a heat engine (usually a steam turbine) connected to an electrical power generator or powers a thermochemical reaction. Likewise, the amount of solar resources available and the market conditions (such as ownership and PPA agreements) will affect the overall economic performance of the plant [2]. Renewables 2012 - Global Status Report. In other words: Solar Power vs Solar Heat Solar PV for generating electricity using Solar modules has been gaining immense attention worldwide. Full load hours for CSP projects as a function of direct normal irradian. CSP vs PV When the project was first proposed, TuNur had not made a firm decision on which solar technology to pursue. A Comparison of Electricity Production Technologies in Terms of Sustainable Development. Shedding Light on Solar Technologies - a Techno-Economic Assessment and its Policy Implications. CSP solar with storage and Natural Gas backup in Spain 63%. What is concentrated solar thermal? 6 The lay of the land…..(shape) Bokpoort 50 MW trough CSP vs PV von Md. Here in we review basic solar energy facts of competing solar technologies CSP vs PV. CSP vs PV. Figure 1: PV and CSP generation for June 2015, Spain. It has become accepted that PV represents a cheaper alternative to CSP in terms of initial CAPEX investments. This capability increases the penetration of solar thermal technology in the power generation industry as it helps overcome intermittency problems; usually due to environmental fluctuations – (you may wish to refer to “Renewable Energy Facts: Renewable Energy Sources in the Power Market” for further elaboration on intermittent issues of renewable energy technologies). The capital costs vary according to a wide range of factors including the specific technology and configuration of the plant, land acquisition cost, financial cost of the capital and the transport or import cost associated with the supply chain. Kuvaus. A Parabolic Trough or Central Tower option costs between 1.46 and 1.84 times more than the PVCdTe facility, however this ratio decreases to just 1.05 to 1.32 when compared to the most expensive PV option (monocrystalline with tracking system). A broad classification of such costs includes: - Capital costs (or investment costs, also indicated as CAPEX), - Operational costs (or O&M, indicated as OPEX), and. CSP vs PV Developing From a Solar Resource Perspective Riaan Meyer MD, GeoSUN Africa 1. (*), 2011. Application. Masum Roni jetzt im Weltbild Bücher Shop versandkostenfrei bestellen. Concentrated solar power (CSP) and concentrated photovoltaics (CPV) are conversions of solar light to heat or electricity in the similar way that conventional solar power or PV cells do but utilize curved optical systems to focus sunlight to small areas for maximum efficiency (Fig. higher investment, challenges with thermal storage, cooling). Obviously, in a recently long-shaken and uncertain global economic environment, energy investors consider competitive cost of energy the most important issue. Renewables 2012 - Global Status Report. Concentrated Solar Power (CSP) vs. Photovoltaics (PV) CSP (Concentrated Solar Power) CSP technology is not as popular anymore as before the invention of PV technology. Renewable Energy Policy Network for the 21st Century (REN21). 3 CSP and PV Projects 4 Conclusion. - Duration: 12:17. Comparing CSP and PV technologies, the PV Cd-Te is the most convenient in terms of LCOE (in California). Graph 5: Investment Cost of Solar Energy Facilities in different Locations [€/kW], (Source: VV. To begin with, Concentrated Solar Thermal systems (CSP) produce electric power by converting the sun’s energy into high-temperature heat using various mirror congurations. (*), 2012. However, a Grid Connected PV/CSP power plant may operate, for its full EPA term, in compliance to Grid Code prevailing at the time of its financial closing. (*), 2012. Renewable energy: Solar and solar thermal (PV and CSP) Recently, there have been dramatic breakthroughs in solar energy that will help further the mainstream use and utility-scale use of photovoltaic (PV) technology; as well as breakthroughs in the development of utility-scale concentrated solar power (CSP), parabolic solar, and R&D in various novel forms of solar power. on cloudy days or overnight, to generate electric power. Photovoltaic (PV) solar panels, on the other hand, are completely different from CSP. Small CSP? According to a study carried out in the CSP Today Parabolic Trough Report: Cost, Performance and Key Trends, 2013, the optimal size of a CSP plant needs to be a balance between maximum scale-up cost benefits and minimal drawbacks. FarmCraft101 Recommended for you No. Energy storage is a key to a renewable energy-powered world. Fixed = no tracking system). O&M costs refer exclusively to fixed costs (variable ones are not included). As solar PV adoption has risen – covering daylight hours – peak demand now typically is during the evening. The huge solar potential is pushing investments toward CSP and PV technologies. The debate of whether CSP or PV power plants will prevail has been argued for several years. The main findings are displayed in graphs 4 and 5. Table of Contents [ hide ] 1 Concentrated Solar Power (CSP) vs. VV.AA., 2012. CSP systems are capable of storing energy by use of Thermal Energy Storage technologies (TES) and using it at times of low or no sunlight, e.g. And if possible, which among them is the better option? CSP systems will need to demonstrate high performance in all three attributes, competitive thermal-energy-storage costs, energy dispatch-ability and reliability as an ancillary solution, in order to remain attractive and competitive against Photovoltaic panels. The motivation behind the solar energy is only an alternative source of energy. Nevertheless, downward cost trends in the supply chain of both technologies, as well as a substantial increase of CSP plants built around the world, will make the selection of the better option a more complex question than a mere comparison of LCOE or capital costs. Due to large price reductions in PV over the last few years the LCOE of PV is about half the cost of CSP, and will remain so until 2030 [1]. This aspect is highlighted by research carried out in 2011 [6]. This can be particularly true for CSP plants where the initial investment can account for approximately 80% of the total cost of the project [1]. International Renewable Energy Agency (IRENA). CSP vs. PV + Batteries Published on September 6, 2016 September 6, 2016 • 33 Likes • 1 Comments. PV vs. CSP • Traditional CSP plants have higher output quality due to thermal inertia and thermal storage Even though SunCatcher units can stay on sun 5mins+ after DNI drops under threshold (300W/m2) actual power output is comparable to PV Production on a Sunny Day* The PV c-Si and the parabolic trough options are respectively 12.03% and 24.81% more expensive than the PV Cd-Te. Graph 2: Average Cost of Electricity [€c/kWhe]. Though CSP and PV have similar efficiencies, there are few notable differences between them when it comes to applications, costs, and storage capacity. Technology risks. Registered in England and Wales: 2505735. Spain is the world leader in the use of CST to produce electricity, with around 2.3 GW in operation, followed by the United States with around 1.7 GW in operation. Cost Comparison between PV and CSP Technology Options [$/kWe installed]. Concentrated Solar Thermal systems (CSP), are not the same as Photovoltaic panels; CSP systems concentrate radiation of the sun to heat a liquid substance which is then used to drive a heat engine and drive an electric generator. VV.AA., 2012. Additionally, suppliers may be able to negotiate better prices due to higher volumes. Therefore, the availability of capital might influence a choice between investing in a PV rather than a CSP project. Wir liefern Teile für alle Käfer (Typ 11), Käfer Cabrio (Typ 15), Karmann Ghia (Typ 14 und Typ 34), Typ-3 (Typ-III), Kübel (Typ-181), Porsche 356, Porsche 912, Porsche 914, Buggy, Replica und Kitcar auf Käferbasis, T1 Bus (Bulli Typ-II), T2 Bus (Typ-2a, Typ-2b), T3 Bus (Typ-25) sowie Fridolin. Potential drawbacks could include greater thermal and pressure losses due to parasitic consumption and more pumping which leads to greater electricity use in larger plants. The resulting profitability is shown in the below graph. Cost and LCOE by Generation Technology, 2009-2020. Although diminishing PV costs and uncertain energy market conditions currently favor photovoltaic installations, as already mentioned, comparison between PV and CSP will continue to be controversial; in fact, it may be that the two solar energy technologies may no longer compete; instead, in the future they may work together to increase solar energy penetration into the power industry. Photovoltaic (PV) Technologies. Mit Klick auf "Einverstanden" setzen wir zusätzlich Cookies und Dienste von Drittanbietern ein, um unser Angebot … AA., 2012. © Reuters Events 2021 | TERMS OF USE | PRIVACY POLICY | CONTACT US | +44 (0) 207 375 7575. Moreover, PV panels have demonstrated a substantial price drop, claimed to be in the rage of 30%-40% (for the past couple of years) and some expect they will continue to drop. Furthermore, when increasing the plant capacity, the relatively lower cost of components will contribute to a lower LCOE as larger components tend to be proportionally cheaper (i.e. 1. 3 The lay of the land…..(shape) 4 Wanjiashan Photovoltaic Power Station on Wanjiashan Mountain in Yanbian County, southwest China's Sichuan Province . Both CSP and PV systems require a significant amount of land in comparison with conventional fossil fuel plants for their operation.