Solar Chimney Power Plants – An Economist’s Point of View

Summary

Economic assessment of solar updraft tower power plants, comparing their net present value with that of coal-fired stations using technology-specific discount rates that reflect differing cash-flow risk. Solar chimneys come out nearly competitive; a sensitivity analysis identifies the main cost drivers, and under hyperbolic discounting the towers become economically efficient, which could justify public subsidies.

Description written by Solar Tower. The original abstract is available from the publisher via the link below.