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dc.contributor.authorBranker, K.
dc.contributor.authorPathak, M. J.M.
dc.contributor.authorPearce, Joshua M.
dc.date.accessioned2011-11-18T15:23:33Z
dc.date.available2011-11-18T15:23:33Z
dc.date.issued2011
dc.identifier.citationK. Branker, M. J.M. Pathak, J. M. Pearce, “A Review of Solar Photovoltaic Levelized Cost of Electricity”, Renewable & Sustainable Energy Reviews 15, pp.4470-4482 (2011). http://dx.doi.org/10.1016/j.rser.2011.07.104en_US
dc.identifier.urihttp://hdl.handle.net/1974/6879
dc.descriptionAdditional information and worksheets can be found on the project page here: http://www.appropedia.org/Review_of_Solar_Levelized_Costen_US
dc.description.abstractAs the solar photovoltaic (PV) matures, the economic feasibility of PV projects are increasingly being evaluated using the levelized cost of electricity (LCOE) generation in order to be compared to other electricity generation technologies. Unfortunately, there is lack of clarity of reporting assumptions, justifications and degree of completeness in LCOE calculations, which produces widely varying and contradictory results. This paper reviews the methodology of properly calculating the LCOE for solar PV, correcting the misconceptions made in the assumptions found throughout the literature. Then a template is provided for better reporting of LCOE results for PV needed to influence policy mandates or make invest decisions. A numerical example is provided with variable ranges to test sensitivity, allowing for conclusions to be drawn on the most important variables. Grid parity is considered when the LCOE of solar PV is comparable with grid electrical prices of conventional technologies and is the industry target for cost-effectiveness. Given the state of the art in the technology and favorable financing terms it is clear that PV has already obtained grid parity in specific locations and as installed costs continue to decline, grid electricity prices continue to escalate, and industry experience increases, PV will become an increasingly economically advantageous source of electricity over expanding geographical regions.en_US
dc.description.sponsorshipNatural Sciences and Engineering Research Council of Canadaen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.subjectphotovoltaicen_US
dc.subjectsolar energyen_US
dc.subjectsolar photovoltaicen_US
dc.subjectlevelized cost of electricityen_US
dc.subjectLCOEen_US
dc.subjectelectricity generationen_US
dc.subjectsolar photovoltaicen_US
dc.subjectPVen_US
dc.subjectGrid parityen_US
dc.subjectsolar economicsen_US
dc.titleA Review of Solar Photovoltaic Levelized Cost of Electricityen_US
dc.typejournal articleen_US


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