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Captive power generation in India: a comparative study between renewable energy technologies

Student name: Ms Vanita Rana
Guide: Dr Sushmita Chatterjee
Year of completion: 2013
Host Organisation: TERI University

Abstract: Global installed capacity of renewable energy technologies is growing rapidly. This paper presents the cost comparison of various captive generation options both in terms of year-to-year unit costs of electricity and also total cost of ownership of three renewable technologies: solar photovoltaic (PV), wind and hydro. The attractiveness of each option is evaluated based on LCOE, ease of implementation and efficiency. To find the factors that affect the economics of electricity generation,sensitivity analysis is done for key parameters. The findings suggest that wind energy has the lowest energy costs, followed by hydro and then PV.