Posts Tagged ‘solar PV’
New Simplified Calculation Procedure for Levelized Cost of Energy (LCOE) and Feed-in Tariff
New Simplified Calculation Procedure for Levelized Cost of Energy (LCOE) and Feed-in Tariff
As part of the on-going technical preparations for the proposed mini-conference on the Mindanao Power Crisis this coming late August or early September 2010 and the main conference on “Energy & Climate Change”, the workshop coordinator, Mr. Marcial T. Ocampo, has prepared the simplified calculation procedure for calculating the levelized cost of energy (LCOE) and levelized selling price (tariff) for conventional and renewable energy resources.
The result of the simplified formulas using the US NREL formula for generation cost and the RP MTO formula for selling price were compared with the results from a full-blown project finance model and the variance between the two methods were minimal in most of the power generation technologies analyzed.
The input data came from the IEPR research summary of 2007 and from internationally published data on power generation technology by noted experts such as Paul Breeze and yours truly, Marcial Ocampo. More »
Tags: advanced nuclear, biogas, biomass, biomass cogeneration, biomass direct combustion, biomass gasification, circulating fluidized bed, clean coal, co-firing with coal, combined cycle gas turbine, concentrating solar, fuel cells, gas thermal, geothermal, geothermal binary, geothermal flashed steam, hydro, landfill gas, large hydro, LCOE, levelized cost of energy, levelized generation cost, levelized selling price, micro hydro, mini hydro, municipal solid waste, nuclear, ocean thermal conversion technology, ocean wave, oil diesel, oil thermal, OTEC, power generation technology, pulverized coal, pumped hydro, sewage digestion, simple gas turbine, small hydro, solar photovoltaic, solar PV, solar thermal, tariff, tidal power, utility wind, wave energy, wind, wind farm
ENERGY & CLIMATE CHANGE: A Complete Review of Power Generation Technologies and Impact on Climate Change
For: ________________________ (name of suggested speaker/presentor, discussant/reactor, contributor/donor, exhibitor, participant)
From: Marcial T. Ocampo
former Executive Director, Philippine Council for Industry & Energy Research & Development (PCIERD)
Department of Science & Technology (DoST)
Republic of the Philippines
Subject: Invitation to Conference on Energy & Climate Change as Speaker/Presentor, Discussant/Reactor, Contributor/Donor, Exhibitor, Participant (top management by invitation)
————————————-
Dear Sir/Madam:
In view of the need to provide stakeholders’ input into the development of a new energy strategy of the incoming administration of President Aquino towards sustainable development, I would like to invite you to solicit your interest and participation on the proposed conference on
ENERGY & CLIMATE CHANGE: A Complete Review of Power Generation Technologies and Impact on Climate Change
Date: tentative September-October 2010
Venue: To be arranged More »
Tags: biogas, biomass cogeneration, biomass direct combustion, biomass gasification, climate change, coal thermal, energy, gas combined cycle GT, gas thermal, geothermal, landfill methane, large hydro, low carbon economy, mini hydro, MSW to power, nuclear power, oil combined cycle GT, oil diesel, oil thermal, OTEC, power generation technologies, pumped hydro, solar PV, Sustainable Development, waste to energy, wind and ocean thermal energy conversion
Municipal Solid Waste (MSW) to Power Project
Municipal Solid Waste (MSW) to Power Project
This is a power point presentation with a project finance model for calculating feed-in tariff (FiT).
The FiT is a renewable energy charge paid to renewable energy (RE) developers for providing power to the grid. It is paid for by the Transco operator who collects a renewable energy charge (REC) from all consumers of electricity in the country. By being spread out to all consumers, the burden of a higher FiT compared to the average grid rate is shared equally by all citizens and consumers alike since they will benefit from the positive impact of RE on global warming and climate change issues.
Feed-in Tariff Calculator – from simple RP MTO formula to project finance model
Feed-in Tariff Calculator – from simple RP MTO formula to project finance model
Yes, you are right. A feed-in tariff calculator using the modified US NREL formula for levelized cost of energy (LCOE) or levelized cost of electrity is available from you Energy Technology Expert – Marcial Ocampo. (Please refer to my previous articles on simplified formula for LCOE.)
In addition, we prepared a more sophisticated project finance model to calculate the feed-in tariff using the discounted cash flow internal rate of return method (DCF IRR). More »
Feed-in Tariff Models for Renewable Energy – biomass, cogen, mini-hydro, wind, solar and ocean thermal (OTEC)
Feed-in Tariff Models for Renewable Energy – biomass, cogen, mini-hydro, wind, solar and ocean thermal (OTEC)
Renewable energy feed-in tariffs for biomass, biomass cogen, mini-hydro or run-of-river hydro, wind, solar PV and ocean thermal energy conversion (OTEC) have been calculated using a project finance model prepared for the National Renewable Energy Board (NREB) by Marcial Ocampo – your favorite energy technology expert.
Using standard assumptions of supplier FOB, the all-in capital cost is calculated. The summary sheet of the model then summarizes the assumptions and results.
Marcial Ocampo
Energy & Business Development Consultant
