Table 2 Parameter values used in the supply model and calculation of LCOE for setting the optimization weights [26, 27]
Parameter | Grid-tied PV | Hydropower | Coal | Diesel |
|---|---|---|---|---|
Capital cost, $/kW | 2400 | 2100 | 1300 | 1250 |
Life time, year | 20 | 40 | 40 | 20 |
Capacity factor, % | 21 | 65 | 70 | 60 |
O&M cost, $/kW/year | 24 | 55 | 45 | 10 |
Fuel cost, $/Mbtu | – | – | 5.1 | 18.23 |
Heat rate, btu/KWh | – | – | 8937 | 10,000 |