The sensitivity of concentrated solar power yield to climate change

Bell, William Paul, Wild, Phillip and Foster, John (2015). The sensitivity of concentrated solar power yield to climate change. In: Australian Conference of Economists 2015, Brisbane, QLD, Australia, (1-10). 7-10 July, 2015.

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Name Description MIMEType Size Downloads
Author Bell, William Paul
Wild, Phillip
Foster, John
Title of paper The sensitivity of concentrated solar power yield to climate change
Conference name Australian Conference of Economists 2015
Conference location Brisbane, QLD, Australia
Conference dates 7-10 July, 2015
Publication Year 2015
Sub-type Fully published paper
Open Access Status Not Open Access
Start page 1
End page 10
Total pages 10
Collection year 2016
Language eng
Abstract/Summary Renewable energy not only helps to mitigate climate change but the latter also affects the yield and financial feasibility of renewable energy. In this paper, we assess the sensitivity of the proposed linear Fresnel Reflector plant for Collinsville, Queensland, Australia to climate change. The objective is to determine whether it is necessary to include climate change effects within a feasibility study to avoid additional complex calculations. We use the Systems Advisor Model from the US National Renewable Energy Laboratory to model the yield from DNI, temperature, relative humidity and pressure. We assess the effect of climate change on the four yield drivers using three global climate models representing the ‘most likely’, ‘hottest’ and ‘coolest’ cases. Additionally, we compare our results with an existing regional study. We find a 0.3% increase in yield from 1990 to 2040 in the most likely case. The lifetime of the proposed plant is 2017 to 2047. Therefore, we can ignore climate change effects on yield in the feasibility study. This result is consistent with the other regional study. However, climate change also increases electricity demand and, consequently, wholesale electricity prices. The effect on prices requires further consideration because prices also affect the project’s financial feasibility.
Keyword Climate and environmental change
Climate change
Power purchase agreement
Concentrated solar power
Electricity yield
Systems advisor model
Feasibility study
Q-Index Code EX
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Conference Paper
Collections: Non HERDC
School of Economics Publications
 
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Created: Thu, 30 Jul 2015, 20:57:44 EST by Mr Paul Bell on behalf of Research Computing Centre