Assumptions and the levelized cost of energy for photovoltaics Seth B. Darling,*a Fengqi You,bc Thomas Veselkad and Alfonso Velosae Received 22nd November 2010, Accepted 6th January 2011 DOI: 10.1039/c0ee00698j
http://www.renewableenergyfocususa.com/_virtual/article-downloads/LCOE-SolarPaper_a15788.pdf and http://www.mcs.anl.gov/uploads/cels/papers/P1810.pdf
Photovoltaic electricity is a rapidly growing renewable energy source and will ultimately assume a major role in global energy production. The cost of solar-generated electricity is typically compared to electricity produced by traditional sources with a levelized cost of energy (LCOE) calculation. Generally, LCOE is treated as a definite number and the assumptions lying beneath that result are rarely reported or even understood. Here we shed light on some of the key assumptions and offer a new approach to calculating LCOE for photovoltaics based on input parameter distributions feeding a Monte Carlo simulation. In this framework, the influence of assumptions and confidence intervals becomes clear. --Kanaga 09:19, 24 May 2011 (PDT)
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