Running Head: PERFORMANCE AND ECONOMIC ANALYSIS OF THIN-FILM PHOTOVOLTAIC VS. CONCENTRATED SOLAR POWER 1 Performance and Economic Analysis of Thin-Film Photovoltaic vs. Concentrated Solar Power NAME: UNIVERSITY: DATE: PERFORMANCE AND ECONOMIC ANALYSIS OF THIN-FILM PHOTOVOLTAIC VS. CONCENTRATED SOLAR POWER 2 Photovoltaic Systems Introduction The thin film photovoltaic cell (TFPV) also referred to as thin film solar cell(TFSC), is defined as "a cell created by putting down one or more thin layers (thin film) of photovoltaic material on a substrate." (Onoda, Bekki & Mc Cready, 2012). According to Harris (2008), there are three types of thin-film solar cells depending on the semiconductor used and include: amorphous silicon (a-Si), cadmium telluride (CdTe) and copper indium gallium selenide (CIGS). Performance Amorphous silicon is arranged spontaneously and thinly layered. It was the earliest attempt at thin layered photovoltaic cells. Its however not efficient in large scale therefore has been restricted to small scale applications. The cadmium telluride has been determined as the most ecofriendly of solar panels since it requires the least amount of energy to develop. It also has a very thin band gap therefore is an effective semiconductor. However cadmium is a highly toxic material therefore can result in environmental degradation. Onoda, Bekki & Mc Cready (2012) observe that copper indium gallium selenide is the newest technology and has the highest efficiency levels attained by any thin film. However, the mass production of the cells may result in difficulty in production of reliably efficient cells. Thin film cells were considered as less efficient than their counterparts. In recent times though, a flexible photovoltaic cell that has surpassed the 18.7% efficiency rating attained by earlier flexible photovoltaic cells and equaled that of rigid silicon based solar cells by attaining a 20.4% efficiency, has been developed the Swiss Federal Laboratories for Materials Science and Technology (Empa). The cells are based on copper indium gallium selenide semiconductors PERFORMANCE AND ECONOMIC ANALYSIS OF THIN-FILM PHOTOVOLTAIC VS. CONCENTRATED SOLAR POWER 3 which absorb 99% of all the incident light in the first micron of the material. This results in very thin, light weight and low cost solar cells. (Lombardo, 2013) Economic The production cost of the photovoltaic systems is low. This is due to reduced land occupied, the system doesn't require conventional building materials They are also extremely low in weight and highly flexible. This reduces the cost of transportation and storage. There is reduction of power loss associated with distribution of power thus increasing overall efficiency. (Davis,2003). It also reduces the complexity of installation and the number of support machinery required thus significantly reducing the cost and time required for installation. They therefore have the max potential in terms of electricity output among the reusable energy systems. The data related to economic parameters in photovoltaic systems lacks in their economic assessment and are based on their annual life cycle cost methods. The cost of photovoltaic defers for various countries depending on factors such as the availability of materials thus the economic feasibility defers as well. The photovoltaic systems can also result in saving large amounts of fuel used in generation of fuel. This also reduces the use of fuel generators, reduces wear and tear of generators thus minimizing the cost of maintenance. (Jamil, Kirmani, & Rizwan., 2012) Concentrated solar power Introduction Smith, (2012) notes that the concentrated solar power is a system that uses thousands of mirrors to reflect or concentrate sunlight and convert that energy into high temperature heat which in turn is used to generate a electricity. PERFORMANCE AND ECONOMIC ANALYSIS OF THIN-FILM PHOTOVOLTAIC VS. CONCENTRATED SOLAR POWER 4 Performance Smith (2012) explains that the concentrated solar power system consists of heliostats that reflect sun rays and concentrate them on a large heat exchanger called a receiver. The receiver contains a fluid flowing through the piping forming the external walls. After passing through the receiver, the fluid flows into a storage tank where energy is stored as high temperature until electricity is required. Once electricity is required the heated fluid is pumped into a steam generator and water is also pumped through and is heated into steam which is used to run a turbine as the fluid is pumped back to the receiver to be reheated. The commercial CSP have estimated capabilities that range between 14-80 MWe, maximum temperatures of about 390•c, an efficiency rate of about 14%-16% with a capacity factor of 25%-30%. These factors however vary with location. Those systems that use molten salt have a higher efficiency of about 40%-70% and a storage capacity of ab
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