How to calculate the cost of a solar power plant? what are the components used in calculation?Please also comment on the losses which are considered in solar power generation?
There are mainly two solar power systems: Solar PV and Concentrating Solar system
The capital cost of a PV system is composed of:
· The PV module cost. The cost of the PV module – the interconnected array of PV cells – is determined by raw material costs, notably silicon costs, cell processing/ manufacturing and module assembly costs
· The BoS cost. The BoS cost includes items such as the cost of the structural system (e.g. structural installation, racks, site preparation and other attachments), the electrical system costs (e.g. the inverter, transformer, wiring and other electrical installation costs) and the cost of the battery or other storage system, if any, in the case of off‑grid applications.
The capital cost of the Concentrating Solar system is composed by: