Recently, there has been a growing interest in the production of electricity from renewable energy sources (RES). The RES investment is characterized by uncertainty, which is long-term, costly, depend on feed-in-tariff and support schemes. In this paper, we address the real option valuation (ROV) of a solar power plant investment. The real option framework is investigated. This framework consid...

Over the last few years, many European countries experienced a rapid growth of photovoltaic (PV) power plants. For example, more than 20,000 new PV power plants were built in the Czech Republic. The high spatial and temporal variability of the solar resource and subsequent PV power plant production, poses new challenges for the reliability and predictability of the power grid system. In this pa...

A detailed performance model of the 30 MWe SEGS VI parabolic trough plant was created in the TRNSYS simulation environment using the Solar Thermal Electric Component model library. Both solar and power cycle performance were modeled, but natural gas-fired hybrid operation was not. Good agreement between model predictions and plant measurements was found, with errors usually less than 10%, and t...

maximum power point tracking controller is essential to obtain the maximum power from a solar array in the photovoltaic systems as the pv power module varies with the temperature and solar irradiation. in this paper, several methods for the mppt of the pv systems are discussed and it can to be used as a helpful reference for the upcoming mppt user in the pv applications.