Cost-benefit analysis framework for utility-scale solar energy development: a life cycle approach

Abstract

One of the policy options for sustainable urban and regional development is the development of renewable energy by developing utility-scale solar energy. The development of utility-scale solar energy contributes to the improvement of social welfare such as the production of electrical energy and the reduction of greenhouse gas emissions. On the other hand, the development of utility-scale solar energy can have a negative impact such as natural landscape change and solid waste. The cost-benefit analysis method can be used to analyze whether the development of utility-scale solar energy improves social welfare. Previous studies have not developed a cost-benefit analysis framework based on a comprehensive life cycle approach. This article closes this knowledge gap. This article aims to develop a comprehensive utility-scale solar energy cost-benefit analysis framework. This article critically reviews the previous literature on the topic of cost-benefit analysis of utility-scale solar energy. Finally, this article proposes an analytical framework and some further research agenda.