Cost-Benefit Analysis for the Concentrated Solar Power in China
Joint Authors
Yang, Shuxia
Guo, Weishang
Zhu, Xianguo
Source
Journal of Electrical and Computer Engineering
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-11, 11 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-05-14
Country of Publication
Egypt
No. of Pages
11
Main Subjects
Information Technology and Computer Science
Abstract EN
In 2016, the first batch of concentrated solar power (CSP) demonstration projects of China was formally approved.
Due to the important impact of the cost-benefit on the investment decisions and policy-making, this paper adopted the static payback period (SP), net present value (NPV), net present value rate (NPVR), and internal rate of return (IRR) to analyze and discuss the cost-benefit of CSP demonstration plants.
The results showed the following.
(1) The SP of CSP systems is relatively longer, due to high initial investment; but the cost-benefit of CSP demonstration plants as a whole is better, because of good expected incomes.
(2) Vast majority of CSP projects could gain excess returns, on the basis of meeting the profitability required by the benchmark yield of 10%.
(3) The cost-benefit of solar tower CSP technology (IRR of 12.33%) is better than that of parabolic trough CSP technology (IRR of 11.72%) and linear Fresnel CSP technology (IRR of 11.43%).
(4) The annual electricity production and initial costs have significant impacts on the cost-benefit of CSP systems; the effects of operation and maintenance costs and loan interest rate on the cost-benefit of CSP systems are relatively smaller but cannot be ignored.
American Psychological Association (APA)
Yang, Shuxia& Zhu, Xianguo& Guo, Weishang. 2018. Cost-Benefit Analysis for the Concentrated Solar Power in China. Journal of Electrical and Computer Engineering،Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1184460
Modern Language Association (MLA)
Yang, Shuxia…[et al.]. Cost-Benefit Analysis for the Concentrated Solar Power in China. Journal of Electrical and Computer Engineering No. 2018 (2018), pp.1-11.
https://search.emarefa.net/detail/BIM-1184460
American Medical Association (AMA)
Yang, Shuxia& Zhu, Xianguo& Guo, Weishang. Cost-Benefit Analysis for the Concentrated Solar Power in China. Journal of Electrical and Computer Engineering. 2018. Vol. 2018, no. 2018, pp.1-11.
https://search.emarefa.net/detail/BIM-1184460
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1184460