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Assumptions and the levelized cost of energy for photovoltaics
Abstract
Photovoltaic electricity is a rapidly growing renewable energy source and will ultimately assume a major role in global energy production. The cost of solar-generated electricity is typically compared to electricity produced by traditional sources with a levelized cost of energy (LCOE) calculation. Generally, LCOE is treated as a definite number and the assumptions lying beneath that result are rarely reported or even understood. Here we shed light on some of the key assumptions and offer a new approach to calculating LCOE for photovoltaics based on input parameter distributions feeding a Monte Carlo simulation. In this framework, the influence of assumptions and confidence intervals becomes clear.
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Cited by
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Metadata
- Authors
- Darling, S. B., You, F., Veselka, T., & Velosa, A.
- Venue
- Energy & Environmental Science
- Publisher
- Royal Society of Chemistry (RSC)
- Published
- 2011
- Volume
- 4
- Issue
- 9
- Pages
- 3133
- ISSN
- 1754-5692 (ISSN-L)
- 1754-5706
- OpenAlex
- W2106729225
- Cited by
- 412
- References
- 0
- FWCI
- 20.84
- Type
- journal article
- Language
- en
- Open access
- closed
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- Darling, S. B., You, F., Veselka, T., & Velosa, A. (2011). Assumptions and the levelized cost of energy for photovoltaics. Energy & Environmental Science. https://doi.org/10.1039/c0ee00698j
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