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Comparative Analysis of Rankine Cycle Linear Fresnel Reflector and Solar Tower Plant Technologies: Techno-Economic Analysis for Ethiopia

Author

Listed:
  • Salah Kamel

    (Department of Electrical Engineering, Aswan University, Aswan 81542, Egypt)

  • Ephraim Bonah Agyekum

    (Department of Nuclear and Renewable Energy, Ural Federal University Named after the First President of Russia Boris Yeltsin, 19 Mira Street, 620002 Ekaterinburg, Russia)

  • Tomiwa Sunday Adebayo

    (Department of Business Administration, Faculty of Economics and Administrative Sciences, Cyprus International University, North Cyprus, Via Mersin 10, Nicosia 99258, Turkey
    Department of Finance & Accounting, Akfa University, 1st Deadlock, 10th Kukcha Darvoza Street, Tashkent 100012, Uzbekistan)

  • Ibrahim B. M. Taha

    (Department of Electrical Engineering, College of Engineering, Taif University, P.O. Box. 11099, Taif 21944, Saudi Arabia)

  • Bright Akwasi Gyamfi

    (Department of Business Administration, Faculty of Economics and Administrative Sciences, Cyprus International University, North Cyprus, Via Mersin 10, Nicosia 99258, Turkey)

  • Salam J. Yaqoob

    (Department of Research and Education, Authority of the Popular Crowd, Baghdad 10001, Iraq)

Abstract

The need to meet the world’s growing demand for energy in an environmentally sustainable manner has led to the exploration of various renewable energy (RE) resources for power generation. The objective of this study is to examine the techno-economic potential of concentrated solar power plants (i.e., linear Fresnel reflector (LFR) and central receiver system (CRS) for electricity generation in Eastern African countries with a case study on Ethiopia. The study was conducted using the System Advisor Model (SAM). In order to estimate the economics of the two power plants, the Levelized cost of energy (LCOE) and the net present value (NPV) metrics were used. According to results obtained from the simulations, the LFR produced annual energy of 528 TWh at a capacity factor (CF) of 60.3%. The CRS also produced a total of 540 TWh at a CF of 61.9%. The LCOE (real) for the CRS is found to be 9.44 cent/kWh against 10.35 cent/kWh for the LFR. The NPV for both technologies is found to be positive for inflation rates of 2% and below. An inflation rate above 2% renders the two power plants financially impracticable. A real discount rate above 9% also renders both projects economically unviable. Based on the obtained results, the CRS system is identified as the best technology for electricity generation under the Jijiga climatic condition in Ethiopia.

Suggested Citation

  • Salah Kamel & Ephraim Bonah Agyekum & Tomiwa Sunday Adebayo & Ibrahim B. M. Taha & Bright Akwasi Gyamfi & Salam J. Yaqoob, 2022. "Comparative Analysis of Rankine Cycle Linear Fresnel Reflector and Solar Tower Plant Technologies: Techno-Economic Analysis for Ethiopia," Sustainability, MDPI, vol. 14(3), pages 1-22, February.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:3:p:1677-:d:739995
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    References listed on IDEAS

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    1. Sweerts, Bart & Longa, Francesco Dalla & van der Zwaan, Bob, 2019. "Financial de-risking to unlock Africa's renewable energy potential," Renewable and Sustainable Energy Reviews, Elsevier, vol. 102(C), pages 75-82.
    2. Ikejemba, Eugene C.X. & Schuur, Peter C. & Van Hillegersberg, Jos & Mpuan, Peter B., 2017. "Failures & generic recommendations towards the sustainable management of renewable energy projects in Sub-Saharan Africa (Part 2 of 2)," Renewable Energy, Elsevier, vol. 113(C), pages 639-647.
    3. Pueyo, Ana, 2018. "What constrains renewable energy investment in Sub-Saharan Africa? A comparison of Kenya and Ghana," World Development, Elsevier, vol. 109(C), pages 85-100.
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    2. Seepana Praveenkumar & Aminjon Gulakhmadov & Abhinav Kumar & Murodbek Safaraliev & Xi Chen, 2022. "Comparative Analysis for a Solar Tracking Mechanism of Solar PV in Five Different Climatic Locations in South Indian States: A Techno-Economic Feasibility," Sustainability, MDPI, vol. 14(19), pages 1-22, September.

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