Abstract
We analyze the potential benefits of colocating wind and concentrating solar power (CSP) plants in the southwestern U.S. Using a location in western Texas as a case study, we demonstrate that such a deployment strategy can improve the capacity factor of the combined plant and the associated transmission investment. This is because of two synergies between wind and CSP: 1) the negative correlation between real-time wind and solar resource availability and 2) the use of low-cost high-efficiency thermal energy storage in CSP. The economic tradeoff between transmission and system performance is highly sensitive to CSP and transmission costs. We demonstrate that a number of deployment configurations, which include up to 67% CSP, yield a positive net return on investment.
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