Review of wind, solar and battery cost trends through LCOE analysis
Capital intensity of Solar, Wind and Hydro compared to other technologies and the importance of cost of capital for capital intensive projects.
Understanding of levelised cost of energy mathematics and why discount rates and energy levels must be considered in the calculation and why real LCOE is a more appropriate measure than nominal LCOE.
Benchmarking fixed and variable O&M costs for solar, wind and hydro projects compared to conventional power plants with fuel expense.
The theory of carrying costs applied to convert one-time costs to time-period costs and relation to LCOE and the importance of adjusting carrying charges for inflation, investment tax credit, production tax credit, and accelerated depreciation with different tax rates.
Illustration of project finance features in relation to the LCOE of wind, solar and hydro projects compared to conventional projects and how project finance features can affect the cost of wind, solar and hydro facilities.
Introduction to analysis of battery costs and configurations through micro-grid and merchant price analysis
Cost analysis of solar versus diesel in an island scenario and using variable cost of diesel relative to total cost of solar.
Compute the optimal sizing of solar capacity in the island scenario with different load profiles and daily solar patterns.
Measurement of the value of solar and wind energy in different merchant markets around the world.
Review and analyse the trade-offs between storage time per cycle, capital costs, operating life, future capital expenditures, efficiency and operating costs. Work through which configuration of batteries makes most sense in alternative situations.
Assess the economics of different battery configurations in merchant electricity markets.
Evaluate the economics of batteries together with different daily load and solar patterns and compute the optimal amount of solar capacity as well as battery capacity.