Saudi scientists have determined the current price threshold for power purchase agreements (PPA) that could make large-scale PV and wind power projects viable in Saudi Arabia.
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Saudi scientists have determined the current price threshold for power purchase agreements (PPA) that could make large-scale PV and wind power projects viable in Saudi Arabia. They incorporated data from the 300 MW Sakaka solar farm and four potential utility-scale PV project sites.
The size of the storage is 18 h capacity. After multiple iterations to maximize the capacity factor of the plant by increasing the solar multiple, the plant capacity factor is 79% with a solar multiple of 6 (LCOE 0.177 $/kWh). Fig. 9. Case 1: Riyadh baseline hourly generation CSP-PT SM = 6.
The size of the storage is 18 h capacity. After multiple iterations to achieve the same capacity factor of the Riyadh plant which is 79% the solar multiple is 3.5 with an LCOE of 0.137 $/kWh. This is a rather strong contrast to the Riyadh case which required a solar multiple of 6 and is attributed to the high DNI in Tabuk versus Riyadh.
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In Riyadh, the solar multiple ranged from 2.9 to 3 with the PV portion of the plant having a nameplate capacity equal to that of the CSP portion and 1.95 for a case with the PV nameplate capacity 60% greater than the CSP portion. For these same cases in Tabuk, the solar multiples were 1.78–1.85 and 1.6 simultaneously.
“The Sakaka solar PV plant operates under a 25-year PPA with an electricity price of $23.40/MWh, while the Dumat Al Jandal wind farm has a 20-year PPA with an electricity price of $21.30/MWh,” the researchers said, acknowledging that technical and financial details for the plants are not fully available.
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