The proposed design of PTC based solar thermal power plant and its performance analysis encourages further innovation and development of solar thermal power plants in India. So, whereas an intrinsic valuation disregards the value of plant flexibility, the usual Monte Carlo simulation approach of correlated returns results in an overestimation of plant flexibility. The designed plant can generate annual electricity of 285,288,352 kW h with the plant efficiency of 21%. Simulation of a solar thermal power plant allows to study the performance of the entire power plant prior to its actual construction. mean that either no power plant makes money or all power plants make huge amounts of money. HITEC solar salt is chosen as an HTF due to its excellent thermodynamic properties.
The plant design consists of 194 solar collector loops with each loop comprising of 8 parabolic trough collectors. A location receiving an annual DNI of 2248.17 kW h/m 2 in Rajasthan is chosen for the technical feasibility of hypothetical CSP plant. A 100 MW parabolic trough solar thermal power plant with 6 h of thermal energy storage has been evaluated in terms of design and thermal performance, based on the System Advisor Model (SAM). Lifetime and efficiency of PV system are very less compared to the CSP technology. Concentrated solar power (CSP) is viewed as one of the most promising alternatives in the field of solar energy utilization. Solar energy can be converted into electric energy by using two different processes: by means of photovoltaic (PV) conversion and the thermodynamic cycles. Solar energy is a key renewable energy source and the most abundant energy source on the globe.
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