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New cost analysis model boosts profitability of solar power projects!

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A Through-Life Cost Analysis Model to Support Investment Decision-Making in Concentrated Solar Power Projects
Mahmood Shafiee, Adel Alghamdi, Christopher Sansom, Phil Hart, Adriana Encinas‐Oropesa

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The article presents a model to analyze the costs and benefits of solar power projects. It uses weather data and a simulation tool to estimate the financial outcomes of a 50 MW solar plant in Arizona. The results show that the plant can produce a lot of energy, generate a high net value, and have a low cost per unit of energy. The model can help decision-makers plan and invest in solar projects effectively.