Design and Techno-Economic Analysis of a 150-MW Hybrid CSP-PV Plant

Abstract

The interest in concentrated solar power (CSP) has increased significantly over the years since it is dispatchable and requires thermal storage instead of electric storage. When compared to photovoltaics (PV), CSP has a higher Levelized Cost of Electricity (LCOE). In this paper, we present the design of a hybrid power plant using CSP and PV technologies. The hybrid system offers a lower LCOE than CSP but will still have dispatchability. The 150-MW hybrid system consists of 100-MW CSP and 50-MW PV capacity. Furthermore, the CSP system (central receiver system) has a molten salt-based thermal storage of 12 hours. The geographical focus of this study is Pakistan, which is a developing country struggling with energy crises, but which has high solar potential. The hybrid system is modeled using the System Advisor Model (SAM). The results show that by hybridizing CSP with PV, the LCOE can be reduced by 18.5%.