Optimization of an atmospheric air volumetric central receiver system: Impact of solar multiple, storage capacity and control strategy

For Faro conditions, the best 4 MWe power plant configuration was obtained for a 1.25 solar multiple and a 2 h storage. Applying control strategy #1 (CS#1) the power plant LEC is 0.234 €/kWh with a capital investment (CAPEX) of € 22.3 million. The capital invested has an internal rate of return (IRR) of 9.8%, with a payback time of 14 years and a net present value (NPV) of € 7.9 million (considering an average annual inflation of 4%). In the case of better economical indicators, the power plant investment can have positive contours, with an NPV close to € 13 million (annual average inflation of 2%) and the payback shortened to 13 years.