Abstract In the modern world, solar energy is one of the most mature renewable energy resources for electricity generation. Because of the growing interest in green energy and CO2 reduction, concentrated power technologies have gained prominence all over the world. Several parabolic trough power plants are currently operational in various parts of the world. However, despite the region's favorable weather conditions, Nigeria and Sub-Saharan Africa have yet to adopt this technology. To galvanize the integration of solar energy into the energy infrastructure in Nigeria, technical and economic feasibility studies are required. This paper presents a techno-economic viability assessment of a 25 MW Parabolic Trough solar thermal power plant for electricity generation in Effurun-Warri, Nigeria. The System Advisor Model (SAM) software was used for the analysis, based on the validated technical and financial models inbuilt into the software. Results showed that the plant is technically feasible in Effurun-Warri with a capacity factor of over 35%, which compares favourably with other similar plants across the globe. However, the levelized cost of electricity (LCOE) of 11.87 cents/kWh obtained is significantly higher than the subsidized cost of electricity in the country, by about 99%, leading to a negative net present value of the project. To improve cost, optimized design parameters of the plant should be adopted for performance simulation in the SAM software.
{"title":"Techno-economic feasibility analysis of a large-scale parabolic trough thermal power plant in Effurun-Warri, Nigeria","authors":"Akpaduado John, J. Oyekale","doi":"10.55088/ijesg.1234523","DOIUrl":"https://doi.org/10.55088/ijesg.1234523","url":null,"abstract":"Abstract In the modern world, solar energy is one of the most mature renewable energy resources for electricity generation. Because of the growing interest in green energy and CO2 reduction, concentrated power technologies have gained prominence all over the world. Several parabolic trough power plants are currently operational in various parts of the world. However, despite the region's favorable weather conditions, Nigeria and Sub-Saharan Africa have yet to adopt this technology. To galvanize the integration of solar energy into the energy infrastructure in Nigeria, technical and economic feasibility studies are required. This paper presents a techno-economic viability assessment of a 25 MW Parabolic Trough solar thermal power plant for electricity generation in Effurun-Warri, Nigeria. The System Advisor Model (SAM) software was used for the analysis, based on the validated technical and financial models inbuilt into the software. Results showed that the plant is technically feasible in Effurun-Warri with a capacity factor of over 35%, which compares favourably with other similar plants across the globe. However, the levelized cost of electricity (LCOE) of 11.87 cents/kWh obtained is significantly higher than the subsidized cost of electricity in the country, by about 99%, leading to a negative net present value of the project. To improve cost, optimized design parameters of the plant should be adopted for performance simulation in the SAM software.","PeriodicalId":508756,"journal":{"name":"International Journal of Energy and Smart Grid","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139236427","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This review article explores the implications of electrifying the transportation sector for the oil and gas industry. The current state of the transportation sector and the role of oil and gas in it are discussed, followed by an introduction to the concept of electrification and its potential benefits and challenges. The article analyzes the potential impacts of electrification on the oil and gas industry, including changes in demand for oil and gas and opportunities for investing in renewable energy and developing new technologies. Several case studies of companies in the oil and gas industry that are adapting to the transition to electrification are presented, including those investing in renewable energy and developing electric vehicle charging infrastructure. The role of government policies and regulations in the transition to electrification is also discussed, including incentives for electric vehicles and renewable energy and their potential impact on the oil and gas industry. The article concludes with a summary of the potential implications of electrifying the transportation sector for the oil and gas industry, along with recommendations for how companies in the oil and gas industry can adapt to the transition to electrification. Overall, the article provides a comprehensive overview of the electrification of the transportation sector and its impact on the oil and gas industry, offering insights and recommendations for industry stakeholders.
{"title":"Electrifying the Transportation Sector: Implications for the Oil and Gas Industry","authors":"Ekrem Alagoz","doi":"10.55088/ijesg.1260882","DOIUrl":"https://doi.org/10.55088/ijesg.1260882","url":null,"abstract":"This review article explores the implications of electrifying the transportation sector for the oil and gas industry. The current state of the transportation sector and the role of oil and gas in it are discussed, followed by an introduction to the concept of electrification and its potential benefits and challenges. The article analyzes the potential impacts of electrification on the oil and gas industry, including changes in demand for oil and gas and opportunities for investing in renewable energy and developing new technologies. Several case studies of companies in the oil and gas industry that are adapting to the transition to electrification are presented, including those investing in renewable energy and developing electric vehicle charging infrastructure. The role of government policies and regulations in the transition to electrification is also discussed, including incentives for electric vehicles and renewable energy and their potential impact on the oil and gas industry. The article concludes with a summary of the potential implications of electrifying the transportation sector for the oil and gas industry, along with recommendations for how companies in the oil and gas industry can adapt to the transition to electrification. Overall, the article provides a comprehensive overview of the electrification of the transportation sector and its impact on the oil and gas industry, offering insights and recommendations for industry stakeholders.","PeriodicalId":508756,"journal":{"name":"International Journal of Energy and Smart Grid","volume":"98 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139361197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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