Techno-economic Analysis of Combined Hybrid Concentrating Solar and Photovoltaic Power Plants: a case study for optimizing solar energy integration into the South African electricity grid

Abstract:

The cooperation between large scale Concentrated Solar Power plants (CSP) and Solar Photovoltaic (PV) parks can offer stability in power supply and enhance the capacity factor of the CSP plant intended to cover a common demand on the power system. Moreover, it can offer an investment option with lower risk. This Master thesis project presents optimum plant configurations for both technologies under the same meteorological and market conditions. The study is based in the South African electricity market and the Renewable Energy Independent Power Producer Program currently in place in the country. Using MATLAB and TRNSYS softwares, a series of detailed codes were designed in order to model both technologies energy transformation process. The main approach was to design the nominal operation point of both technologies for a given typical meteorological year data and respective technical conditions for each case. Then, a transient simulation was done in order to obtain the electricity yield. The intention was to measure the internal rate of return, levelized cost of electricity and capacity factor for each technology and the combined configuration (CSP-PV plant) under different scenarios and operation modes while a firm capacity was maintained. It was found that the plants can be economically feasible by sizing a storage unit capable of just covering the peak hours. The solar multiple sizes can vary depending on the scenario and plant configuration. Moreover, the internal rate of return increases with the capacity of the CSP in all cases. After the results were obtained, a comparison with a single CSP plant and the optimum CSP-PV plant was done in order to evaluate the performance of the proposed cooperation. Even though the internal rate of return of the CSP-PV plant was found to be within a good range for investment, the CSP-alone alternative offered always higher internal rate of return and lower levelized cost of electricity values. Nonetheless, it was found that the capacity factor of the combined configuration was favored by the integration of PV. The PV alone configuration hold the lowest levelized cost of electricity, thus considered the best option for and investment in South Africa due to its independence towards incentives. Combined PV-CSP systems were also found to be an attractive investment under the South African scheme if the CSP capacity is similar to the PV power plant.