Environmental and economic impacts of photovoltaic integration in concentrated solar power plants

Abstract

This study conducted an environmental and economic assessment of an innovative hybrid energy generation system, a CSP+ plant, which integrates photovoltaic (PV) panels in a concentrated solar power (CSP) setup. The CSP+ concept uses a beam splitter that transmits part of the incident solar spectrum towards the PV cells for electricity generation and reflects ultraviolet and infrared light to the receiver tube for heating. This system allows more efficient use of solar radiation in a compact system with optimal efficiency. The environmental impacts were assessed using the life cycle assessment (LCA) methodology, focusing on the climate change impact category. The economic impacts were calculated using the levelized cost of electricity (LCOE) and the levelized cost of heat (LCOH). Both assessments considered a cradle-to-grave perspective in three scenarios (SC). SCI considered only electricity generation, while SCII involved the combined production of electricity and heat. These scenarios were compared to conventional CSP and PV technologies (SCIII) and benchmark values from the literature. The LCA results showed SCII was the most preferable: the impacts on climate change were reduced by up to 83% for electricity production and up to 97% for heat production compared to benchmark values. In SCII, the LCOE and the LCOH in the CSP+ plant were lower than the average benchmark values, with reductions of up to 70% for electricity and 40% for heat. The sensitivity analysis showed that the environmental performance was strongly influenced by the operating lifetime. For economic performance, the weighted cost of capital was the most influential factor.