Comparison of large scale solar PV (photovoltaic) and nuclear power plant investments in an emerging market

2015-05-01
Karaveli, Abdullah Bugrahan
Soytaş, Uğur
Akınoğlu, Bülent Gültekin
Show full item record
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
253
views
0
downloads
We examine and compare economic feasibilities and environmental effects of two energy investments options in Turkey: a NE-PP (nuclear power plant) in Mersin province on the Mediterranean coast and a large scale photovoltaic solar energy power plant (PV-PP) to be built in a governmentally reserved land area in mid-south Anatolia, namely Karapinar Energy Specialized Industrial Zone (Karapinar-ESIZ). Total installed power of both plants is taken to be 4800 MW, which is the contracted value for the four units of NE-PP. In terms of investments and energy outputs, both options have their respective advantages and disadvantages over the other. While PV-PP is cheaper without land cost, NE-PP produces quite more electricity throughout its lifetime. Applying a tool to calculate the emission factor for an electricity system (taken from UNFCCC), although NE-PP has more cumulative CO2 emission reduction potential than PV-PP, PV-PP seems slightly more advantageous in terms of CO2 reduction per unit of produced electricity. PV-PP needs more land area than NE-PP; however, it requires considerably less time for commissioning and decommissioning. The outcomes of the study notably reveal that the NE-PP has a payback only if inflation rate is taken into consideration in the unit electricity price, while PV-PP pays back with and without inflation rate.
PV (photovoltaic), Nuclear energy, LCA (life cycle assessment), LCOE (Levelized Cost of Energy), CO2
https://hdl.handle.net/11511/38109
Department of Business Administration, Article

Suggestions

Assessment of the role of nuclear power on energy policies and climate change mitigation strategies of developing countries
Güngör, Görkem.; Sarı, Ramazan; Department of Earth System Science (2020)
Nuclear energy is considered as one of the climate change mitigation options in the energy supply sector by substituting electricity generated from base load fossil fueled power plants reducing GHG emissions. Internalizing the costs of CO2 emissions provides an additional economic incentive for investment in nuclear energy both in developed and developing countries. While developed countries with stable energy demand are focused on the robustness and resilience of their energy systems, the priority of devel...
A comparison of renewable energy systems (onshore wind, offshore wind, conventional pv) for Bozcaada Island
Şentürk, Ayşe Eylül; Oğuz, Elif; Department of Civil Engineering (2020)
Renewable energy sources have been considered as a sustainable solution for energy production without polluting the environment. Shifting from fossil fuel to renewable sources has been suggested by many scientists to decrease the global warming effects. As several renewable energy sources exist such as solar, wind, hydro-power, etc., it is important to determine the appropriate option for a selected region in terms of maximizing efficiency and power output as well as minimizing life cycle costs (LCC). There...
Operation of a multistory solar building under adverse climatic conditions
Taşdemiroğlu, E (Elsevier BV, 1990-1)
Architectural, urban, thermal, economic and industrial aspects of a multistory solar building have been investigated when operating under adverse climatic conditions in Turkey. Active, passive and hybrid space heating systems which could be adapted to the building structure have been studied comparatively. The magnitudes of the design elements and the technical-economic results of the selected hybrid system have been determined. A domestic hot water installation has been also described
Assessment of renewable energy based micro-grids for small communities
Sadati, S.M. Sajed; Taylan, Onur; Sustainable Environment and Energy Systems (2016-7)
Deploying renewable energy systems to supply electricity faces many challenges related to cost and variability of the renewable resources. One possible solution to these challenges is to hybridize renewable energy systems with conventional power systems and include energy storage systems. In this study, the feasibility analysis of two cases for electricity generation systems as (i) photovoltaic (PV)-battery-pumped hydro system (PHS) and (ii) PV-wind-battery are presented as a Renewable Energy Micro-Gr...
A review of Ghana's solar energy potential
Asumadu-Sarkodie, Samuel; Owusu, Phebe Asantewaa (2016-01-01)
The Eight Hundred and Thirty-Second ACT of the Parliament of the Republic of Ghana entitled: Renewable Energy Act, 2011 has assented to provide for the development, management, utilization, sustainability and adequate supply of renewable energy for generation of heat and power for related matters by the year 2020. With the current load shedding and inadequate energy supply in Ghana, it was essential to examine other options that can be added to the grid installed capacity to ease the burden on Ghanaians. Th...
Citation Formats
A. B. Karaveli, U. Soytaş, and B. G. Akınoğlu, “Comparison of large scale solar PV (photovoltaic) and nuclear power plant investments in an emerging market,” ENERGY, pp. 656–665, 2015, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/38109.
METU IIS - Integrated Information Service open@metu.edu.tr