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More recently, the cost of solar in Japan has decreased to between ¥13.1/kWh to ¥21.3/kWh (on average, ¥15.3/kWh, or $0.142/kWh). [133] The cost of a solar PV module make up the largest part of the total investment costs. As per the recent analysis of Solar Power Generation Costs in Japan 2021, module unit prices fell sharply.
The condensate pump then pumps the condensate water through a feedwater heater, which raises the temperature of the water by using extraction steam from various stages of the turbine. [5] [6] Preheating the feedwater reduces the irreversibilities involved in steam generation and therefore improves the thermodynamic efficiency of the system. [9]
With gas so high, generator use could be especially costly if a storm the size of Hurricanes Laura or Ida makes its way to Louisiana this year.
Combined cycle plants have similar capital cost per watt to peaking plants, but run for much longer periods, and use less fuel overall, and hence give cheaper electricity. As of 2020, open cycle gas turbines give an electricity cost of around $151–198/MWh. [2] Peaker plants have been replaced with battery storage in some places. [3]
The cost of a electricity production depends on costs during the expected lifetime of the generator and the amount of electricity the generator is expected to produce over its lifetime. The levelized cost of electricity (LCOE) is the average cost in currency per energy unit, for example, EUR per kilowatt-hour or AUD per megawatt-hour. [3]
To express the efficiency of a generator or power plant as a percentage, invert the value if dimensionless notation or same unit are used. For example: A heat rate value of 5 gives an efficiency factor of 20%. A heat rate value of 2 kWh/kWh gives an efficiency factor of 50%. A heat rate value of 4 MJ/MJ gives an efficiency factor of 25%.
For a wind farm, the capacity factor is determined by the availability of wind, the swept area of the turbine and the size of the generator. Transmission line capacity and electricity demand also affect the capacity factor. Typical capacity factors of current wind farms are between 25 and 45%. [12]
Nameplate capacity, also known as the rated capacity, nominal capacity, installed capacity, maximum effect or gross capacity, [1] is the intended full-load sustained output of a facility such as a power station, [2] [3] electric generator, a chemical plant, [4] fuel plant, mine, [5] metal refinery, [6] and many others.
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