Levelized cost of HCPV-generated electricity in Chile and Turkey

With the new and promising, but debated concentrating photovoltaics (CPV) technology it is aimed at lowering levelized cost of electricity (LCOE) through higher efficiency. The cost of CPV-generated electricity still remains as a major uncertainty issue, and that was aimed to tackle in this study. LCOE of CPV-generated electricity in Turkey and Chile was calculated and compared based on multiple assumptions from public sources. A comprehensive sensitivity analysis was carried out and it is openly presented in order to illustrate the impact of the initial assumptions to the results. It was found that PV is very competitive, but CPV still has some potential in high irradiance regions through technology improvements and improved financing.