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An attempt has been made to estimate the unit capital cost of parabolic trough collector (PTC) based concentrating solar power (CSP) plants in India to facilitate their financial appraisal. While reviewing approaches mentioned in the literature, a significant variation is observed in unit capital cost estimates for a 50 MW wet cooled without storage PTC based plant (US $1700 to US $2662 per kW). To internalize the effect of alternate condenser cooling options and thermal energy storage on the unit capital cost, a new approach that is based on inventory of material used and associated costs have been suggested. With the use of this approach, the unit capital cost of a 50 MW wet cooled PTC plant is estimated at US $1734 per kW. Similarly, for the same nominal capacity plant with dry cooling, the unit capital cost is estimated at US $1994 per kW. Moreover, the effects of increased nominal capacity and hours of thermal energy storage on the unit capital cost have also been investigated. • Cost estimates for a 50 MW PTC based CSP plant in India. • Review of potential approaches for estimating capital cost of PTC based CSP plants. • Study of cost implications of condenser cooling options and thermal energy storage. • Effect of the nominal capacity of the plant and hours of storage on the unit cost. [ABSTRACT FROM AUTHOR]

The sizing of a solar thermal power plant directly affects its cost and also the annual electricity output and hence its financial attractiveness. It involves deciding appropriate values of design DNI, solar multiple and hours of thermal storage to achieve high annual capacity utilization factor (CUF) with the least cost of electricity delivered. An analysis of the impact of these design parameters on the performance of parabolic trough concentrator (PTC) and linear Fresnel reflector (LFR) based solar thermal power plants is presented using System Advisor Model for eight locations in India. Annual electricity output is estimated using radiation data source of SEC-NREL. Levelized unit cost of electricity (LUCE) is estimated using benchmark capital cost and other financial conditions specified by the Central Electricity Regulatory Commission of Government of India. For a design DNI of 950 W/m 2 , LUCE is minimum in solar multiple range of 1.4–1.6 for PTC based plants and of 1.8–2.0 for LFR based plants. With a solar multiple of 1.0, LUCE is minimum in design DNI range of 550–700 W/m 2 for PTC based plants and 450–550 W/m 2 for LFR based plants. [ABSTRACT FROM AUTHOR]