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1、RenewableandSustainableEnergyReviews15(2011)4470–4482ContentslistsavailableatSciVerseScienceDirectRenewableandSustainableEnergyReviewsjournalhomepage:www.elsevier.com/locate/rserAreviewofsolarphotovoltaiclevelizedcostofelectricityK.aaa,b,∗Branker,M.J.M.Pathak,J.M.PearceaDepartmentofMechanica
2、landMaterialsEngineering,Queen’sUniversity,Kingston,CanadabDepartmentofMaterialsScience&EngineeringandDepartmentofElectrical&ComputerEngineering,MichiganTechnologicalUniversity,Houghton,MI,USAarticleinfoabstractArticlehistory:Asthesolarphotovoltaic(PV)matures,theeconomicfeasibilityofPVprojec
3、tsisincreasinglybeingeval-Received29March2011uatedusingthelevelizedcostofelectricity(LCOE)generationinordertobecomparedtootherelectricityAccepted5July2011generationtechnologies.Unfortunately,thereislackofclarityofreportingassumptions,justificationsandAvailableonline15September2011degreeofcomp
4、letenessinLCOEcalculations,whichproduceswidelyvaryingandcontradictoryresults.ThisKeywords:paperreviewsthemethodologyofproperlycalculatingtheLCOEforsolarPV,correctingthemis-conceptionsPhotovoltaicmadeintheassumptionsfoundthroughouttheliterature.ThenatemplateisprovidedforbetterreportingofLCOEr
5、esultsforPVneededtoinfluencepolicymandatesormakeinvestdecisions.LevelizedcostALCOEnumericalexampleisprovidedwithvariablerangestotestsensitivity,allowingforconclusionstobedrawnonthemostimportantvariables.GridparityisconsideredwhentheLCOEofsolarPViscomparableGridparitywithgridelectricalpricesof
6、conventionaltechnologiesandistheindustrytargetforcost-effectiveness.SolareconomicsGiventhestateoftheartinthetechnologyandfavourablefinancingtermsitisclearthatPVhasalreadyobtainedgridparityinspecificlocationsandasinstalledcostscontinuetodecline,gridelectricitypricescontinuetoescalate,andindustr
7、yexperienceincreases,PVwillbecomeanincreasinglyeconomicallyadvantageoussourceofelectricityoverexpandinggeographicalregions.©2011ElsevierLtd.Allrightsreserved.Contents1.Introduction....................................................................
