Geospatial levelized cost of energy in Colombia: GeoLCOE

Castillo-Ramírez, Alejandro; Mejía-Giraldo, Diego; Giraldo-Ocampo, Julian D.

doi:10.1109/isgt-la.2015.7381171

Cited by 10 publications

(14 citation statements)

References 2 publications

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“…The input parameters are shown in Table 1 for the five most promising clean energy technologies with the values reported in references [16], [19]. These technologies are biomass cogeneration (Bio-cogen), small hydro (S-hydro), wind, solar photovoltaic (PV), and forest biomass (Bio-forest).…”

Section: Model Input Parametersmentioning

confidence: 99%

“…These technologies are biomass cogeneration (Bio-cogen), small hydro (S-hydro), wind, solar photovoltaic (PV), and forest biomass (Bio-forest). Source: references [16], [19].…”

Section: Model Input Parametersmentioning

confidence: 99%

“…Two mechanisms have been approved in Colombia to promote the integration of non-conventional renewable energy sources into the grid [17]- [19]. The first includes tax incentives related to (i) tax deductions on the investment income statement related to these purposes; (ii) tariffs, through the exemption from the payment of import duties on machinery and equipment for this type of generation; and (iii) accounting, where an accelerated depreciation on assets is permitted.…”

Section: Renewable Energy Incentives In Colombiamentioning

confidence: 99%

“…As a consequence, Colombia has only one 19.5 MW wind power plant today. Fortunately, the Colombian parliament recently passed a renewable energy law that encourages the construction of new clean electricity generation projects [17]- [19]. The new law provides a series of incentives, including income tax deductions, accelerated depreciation, and exemptions from and the elimination of tariffs on some imported equipment, to make these technologies competitive with conventional fossil fuel and hydro plants.…”

Section: Introductionmentioning

confidence: 99%

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Effects of Incentives for Renewable Energy in Colombia

Duque

López-Lezama

Muñóz-Galeano

2017

I&U:EfD

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<p>Renewable energy is becoming very important as a way to mitigate climate change and promote job creation. Colombia is not excluded from this reality, being a country with huge renewable resources and the challenge to give employment to thousands or rebels, signing the peace process. This paper studies the potential effects of the new regulation to promote the development of renewable energy technologies in Colombia. Two incentives are analyzed: tax deductions on the investment and accelerated depreciation on assets. The work also establishes a methodology to include the effects of tax incentives in the calculation of the Levelized Cost Of Electricity (LCOE). The results show up to 20% reduction in the LCOE; unfortunately, the regulation restricts small or new business to apply for all incentives. For this reason, two complementary mechanisms (granting five years as grace period for loan repayment and lower discount rate as subsidy from the government) are proposed in order to allow small business ventures such as forest biomass projects apply to incentives. As a result, 30% reduction in the LCOE is obtained for photovoltaics (PV) and 15% for forest biomass; being the last one a great opportunity in Colombia because of the huge amount of biomass resources and its potential to create new job opportunities.</p><p> </p>

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Section: Model Input Parametersmentioning

confidence: 99%

“…These technologies are biomass cogeneration (Bio-cogen), small hydro (S-hydro), wind, solar photovoltaic (PV), and forest biomass (Bio-forest). Source: references [16], [19].…”

Section: Model Input Parametersmentioning

confidence: 99%

Section: Renewable Energy Incentives In Colombiamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Effects of Incentives for Renewable Energy in Colombia

Duque

López-Lezama

Muñóz-Galeano

2017

I&U:EfD

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“…Other platforms like NREL (2014a) consider a more detailed cost breakdown. At the Colombian level, the platform called GeoLCOE computes a geographically based LCOE of new hypothetical generation projects located across the country (Castillo, Mejía & Giraldo, 2015). In fact, the cost breakdown methodology presented in this paper is the underlying approach on which GeoLCOE relies upon (UDEA & UPME, 2015).…”

Section: Introductionmentioning

confidence: 99%

Large-scale solar PV LCOE comprehensive breakdown methodology

Ramírez¹,

Mejía-Giraldo²,

Muñóz-Galeano³

2017

CT&F Cienc. Tecnol. Futuro

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T his paper presents a breakdown cost methodology to evaluate Levelized Costs of Electricity for large-scale Photovoltaic (PV) plants. The breakdown is based on a comprehensive taxonomy to evaluate Investment Costs (IC) and Operation and Maintenance (O&M) expenditures. We added an IC disaggregation level, called elements, on top of the five-component breakdown of the Energy Information Administration (EIA). In addition, a novel structure for disaggregating O&M costs is also proposed. The methodology is evaluated over a 20-MW and a 150-MW PV power plant hypothetically placed in the municipality of Uribia (Guajira Colombia). Also deterministic sensitivity analysis based on discount rate (WACC, Weighted Average Capital Cost), energy generated, O&M costs and IC is performed to aid investors in their decisions. ABSTRACTHow to cite: Castillo-Ramírez, A., Mejía-Giraldo, D., & Muñoz-Galeano, N. (2017 118E ste artigo apresenta uma metodologia para avaliar os custos nivelados da eletricidade (Levelized Cost of Electricity-LCOE), em plantas fotovoltaicas (Photovoltaic -PV) em grande escala. Para esse propósito se propõe uma desagregação detalhada dos LCOE a partir de uma rigorosa taxonomia que avalia os Custos de Investimento (IC, por suas siglas em inglês) e as Despesas de Operação (Operations and Maintenance -O&M). Partindo da estrutura da Administração da Informação Energética (Energy Information Administration -EIA) que desagrega os IC em cinco componentes, adicionamos outro nível de desagregação chamado de "elementos". Também é apresentada uma nova estrutura para desagregar os custos de O&M. A metodologia é avaliada em plantas PV de 20MW e 150 MW PV hipoteticamente localizadas no município de Uribia (Guajira -Colômbia). Da mesma forma, desenvolve-se uma análise de sensibilidade determinística empregando fatores como o Custo Médio ponderado de Capital (Weighted Average Capital Cost -WACC), a energia produzida, as despesas de O&M e os IC para viabilizar as decisões dos investidores. E ste artículo presenta una metodología para evaluar los costos nivelados de la electricidad (Levelized Cost of Electricity) LCOE , en plantas fotovoltaicas (Photovoltaic -PV) a gran escala. Para ello se propone una desagregación detallada de los LCOE a partir de una taxonomía rigurosa que evalúa los Costos de Inversión (Investment Cost -IC )y los Gastos de Operación (Operation and Maintenance -O&M). Partiendo de la estructura de la Administración de Información Energética (Energy Information Administration -EIA) que desglosa los IC en cinco componentes, hemos añadido un nivel adicional de desagregación denominado elementos. Asimismo, una nueva estructura para desagregar los costos de O&M es presentada. La metodología es evaluada en plantas PV de 20 MW y 150 MW PV hipotéticamente ubicadas en el municipio de Uribia (Guajira Colombia). También se desarrolla un análisis de sensibilidad determinístico usando factores como el Costo Promedio Ponderado de Capital (WACC -Weighted Average Capital Cost), la energía producida, los gastos de O&M y los ...

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