Abstract
Rajasthan state with 33 districts is the largest state in India with solar radiation of 6–7 kWh/m2/day. As per the MNRE report, potential of SPV power in Rajasthan state in India is estimated to be 142.31 GWp. If 1% of land area in every district is used for installation of SPV plant, energy generation is estimated as 1,050,852 MWh/year. The thermal power potential of this energy is equal to 114.65 GW. This paper deals with the calculation of levelized cost of electricity (LCOE) for 1 MW solar photovoltaic (SPV) power plants assumed to be installed at each of these 33 locations at district headquarters of the state of Rajasthan in India. The calculation has been performed from the power generated data which is simulated using PVsyst and SAM software. The effect of different parameters like capital cost, interest rate (i), and inflation rate (f) on LCOE has been analyzed. A comparative study of the plants is done by varying these parameters to study their effect on LCOE. It has been observed that inflation rate and interest rate have considerable influence on LCOE.
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Mahaver, V.K., Rao, K.V.S. (2022). Estimation of Levelized Cost of Electricity (LCOE) of 1 MW SPV Plants Installed at 33 Different Locations in Rajasthan, India. In: P., S., Prabhu, N., K., S. (eds) Advances in Renewable Energy and Electric Vehicles. Lecture Notes in Electrical Engineering, vol 767. Springer, Singapore. https://doi.org/10.1007/978-981-16-1642-6_16
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