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- ItemA new approach for assessing synergies of solar and wind power: implications for West Africa(Bristol : IOP Publ., 2018) Sterl, Sebastian; Liersch, Stefan; Koch, Hagen; Lipzig, Nicole P M van; Thiery, WimWest African countries' energy and climate policies show a pronounced focus on decarbonising power supply through renewable electricity (RE) generation. In particular, most West African states explicitly focus on hybrid mixes of variable renewable power sources—solar, wind and hydropower—in their targets for the electricity sector. Hydropower, the main current RE resource in West Africa, is strongly sensitive to monsoon rainfall variability, which has led to power crises in the past. Therefore, solar and wind power could play a stronger role in the future as countries move to power systems with high shares of RE. Considering the policy focus on diversified RE portfolios, there is a strong need to provide climate services for assessing how these resources could function together in a power mix. In this study, climate data from the state-of-the-art ERA5 reanalysis is used to assess the synergies of solar photovoltaic (PV) and wind power potential in West Africa at hourly resolution. A new metric, the stability coefficient Cstab, is developed to quantify the synergies of solar PV and wind power for achieving a balanced power output and limiting storage needs. Using this metric, it is demonstrated that there is potential for exploiting hybrid solar/wind power in a larger area of West Africa, covering more important centers of population and closer to existing grid structures, than would be suggested by average maps of solar and wind resource availability or capacity factor for the region. The results of this study highlight why multi-scale temporal synergies of power mixes should be considered in RE system planning from the start.
- ItemThe role of capital costs in decarbonizing the electricity sector(Bristol : IOP Publ., 2016) Hirth, Lion; Steckel, Jan ChristophLow-carbon electricity generation, i.e. renewable energy, nuclear power and carbon capture and storage, is more capital intensive than electricity generation through carbon emitting fossil fuel power stations. High capital costs, expressed as high weighted average cost of capital (WACC), thus tend to encourage the use of fossil fuels. To achieve the same degree of decarbonization, countries with high capital costs therefore need to impose a higher price on carbon emissions than countries with low capital costs. This is particularly relevant for developing and emerging economies, where capital costs tend to be higher than in rich countries. In this paper we quantitatively evaluate how high capital costs impact the transformation of the energy system under climate policy, applying a numerical techno-economic model of the power system. We find that high capital costs can significantly reduce the effectiveness of carbon prices: if carbon emissions are priced at USD 50 per ton and the WACC is 3%, the cost-optimal electricity mix comprises 40% renewable energy. At the same carbon price and a WACC of 15%, the cost-optimal mix comprises almost no renewable energy. At 15% WACC, there is no significant emission mitigation with carbon pricing up to USD 50 per ton, but at 3% WACC and the same carbon price, emissions are reduced by almost half. These results have implications for climate policy; carbon pricing might need to be combined with policies to reduce capital costs of low-carbon options in order to decarbonize power systems.