Question

Please answer.
A solar energy project is expected to have capital costs of $995,000, average yearly operating costs of $175,000, and a lifetime of 25 years. If the total production during the lifetime of the project is 89,500,000 kWh, what is the Levelized cost of energy (LCOE)?

a.$0.60 per kWh


b.$0.77 per kWh


c.$0.06 per kWh


d.$0.07 per kWh


Which of the following is a characteristic of Levelized cost of energy (LCOE)?


a. It is the minimum price per kWh at which electricity must be sold to break even over the lifetime of a power-generating project.


b. It is the maximum amount of power that can be produced per dollar over the lifetime of a power-generating project.


c. It is the maximum price per kWh at which electricity must be sold to break even over the lifetime of a power-generating project.


d. It is the minimum amount of power that can be produced per dollar over the lifetime of a power-generating project.


Which of the following statements is true for both solar energy and wind energy?

a. Energy is able to be collected both day and night.


b. Power from this energy source can easily be integrated into existing power grid systems.


c. Power generation using this energy source does not contribute to water pollution.


d. Energy collection equipment can be installed in agricultural areas without affecting crop production.

Answer 1

The Levelized Cost of Energy of the solar plant is $0.60 per kWh.

Solar energy and wind energy can both easily be integrated into existing power grid systems.

What is Levelized Cost of Energy?

The Levelized Cost of Energy is a measure of the average net present cost of electricity generation for a generating plant over its lifetime.

The Levelized Cost of Energy of the solar energy product is calculated as follows:

Total cost over 25 years = 995,000, + $175,000 × 25 = $5,370,000

Total energy production over 25 years = 89,500,000 kWh

Levelized Cost of Energy = $5,370,000/89,500,000 kWh

Levelized Cost of Energy = $0.60 per kWh

The Levelized cost of energy (LCOE) is the minimum amount of power that can be produced per dollar over the lifetime of a power-generating project.

For solar energy and wind energy, power from both energy sources can easily be integrated into existing power grid systems.

Learn more about energy at: https://brainly.com/question/582060

Answer 2

Answer:

one.

Which of the following statements is true for both solar energy and wind energy?

Power generation using this energy source does not contribute to water pollution.

2.

Which of the following is a characteristic of levelized cost of energy (LCOE)?

It is the minimum price per kWh at which electricity must be sold in order to break even over the lifetime of a power-generating project.

3.

A solar energy project is expected to have capital costs of $995,000, average yearly operating costs of $175,000, and a lifetime of 25 years. If the total production during the lifetime of the project is 89,500,000 kWh, what is the levelized cost of energy (LCOE)?

$0.06 per kWh

Explanation:

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