Figure 4. Overnight Investment Cost for Renewable Energy Technologies (in Renewable Scenario)
Other parameters are given in Table 7. They are kept identical in all scenarios. The construction duration affects the Interest During Construction (IDC), which MESSAGE calculates and incorporates into the optimisation procedure.
Table 7. Other Parameters for Renewable Energy Technologies
Load factor % Small hydro 50% Biomass 50% Bulk wind (20% CF) 20% Bulk wind (30% CF) 30% Solar PV (utility) 25% Solar PV (rooftop) 20% PV with battery 1hr storage 22.5% PV with battery 2hr storage 25% Solar CSP no storage 35% Solar CSP with storage 63%
O&M
Thermal Efficiency USD/MWh % 5.4 20.0 38% 17.4 14.3 20.1 23.8 19.0 17.1 22.3 18.9 16
Construction duration Years 2 4 2 2 1 1 1 1 4 4
Life Years 30 30 25 25 25 20 20 20 25 25