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On the Determination of Levelized Cost of Electricity for Solar PV System

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dc.contributor.author Mahmud, Rasel
dc.contributor.author Prince, S.M.A Hamid
dc.date.accessioned 2017-01-08T08:08:56Z
dc.date.available 2017-01-08T08:08:56Z
dc.date.issued 8/12/2016
dc.identifier.uri http://dspace.ewubd.edu/handle/2525/2022
dc.description This thesis submitted in partial fulfillment of the requirements for the degree of Bachelor of Science in Electronics and Telecommunication Engineering of East West University, Dhaka, Bangladesh en_US
dc.description.abstract As the solar photovoltaic (PV) matures, the economic feasibility of PV projects is 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 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 preferable financing terms it is clear that PV has already obtained grid parity in specific locations and as installed costs continues 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.language.iso en_US en_US
dc.publisher East West University en_US
dc.relation.ispartofseries ;ECE00096
dc.subject Electricity for Solar PV System, Levelized Cost en_US
dc.title On the Determination of Levelized Cost of Electricity for Solar PV System en_US
dc.type Thesis en_US


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