average capacity factor, is a major driver of LCOE E3’s Pro Forma model projects forward in-service capital costs, as well as LCOE ($/MWh) at an estimated capacity factor, and fixed ($/kW-yr) and variable ($/MWh) cost components E3 analyzed all resources using NB Power’s financing assumptions, as well as alternate assumptions for an independent power producer Capital costs Financing costs Pro. [...] Variable Costs for New Resources Fixed costs: expenditures required to install and maintain generating capacity, independent of operations • Capital costs: – Overnight capital cost (equipment cost, balance of systems, development costs, etc.) – Construction financing – Nominal interconnection costs (i.e. [...] a short spur line, not longer lines required for remote renewables) • Fixed O&M: – Operations and maintenance costs incurred independent of energy production – Insurance, taxes, land lease payments and other fixed costs – Annualized large component replacement costs over the technical life (aka sustaining capital) Variable costs: marginal costs for each MWh of generation, based on modeled operat. [...] 8 Resource Cost Modeling Step 2: Pro-Forma Financial Model Resource Costs Capital Costs O&M Costs Fuel Prices New Brunswick, 2020-2050 (Step 1) + Resource Performance Local Capacity New Brunswick specific Heat Rates DegradationFactors + Financing Assumptions Canadian Tax NB Power and/or IPP Cost of Capital Financing Terms Incentives* = Cost Forecasts Levelized Costs Costs to NB Power, 2020-2050 (E. [...] IPP modeled resources 9 Summary of Cost Inputs Summary of Cost Inputs Capital Costs Capital Cost (2022 CAD $/kW) Technology Subtechnology 2020 2035% Change Onshore $ 1,996 $ 1,294 -54% Wind Offshore $ 3,977 $ 2,458 -62% Utility Tracking $ 1,927 $ 1,038 -86% Solar PV* BTM Commercial $ 2,809 $ 1,369 -105% BTM Residential $ 4,299 $ 1,505 -186% Biomass Grate $ 6,043 $ 5,595 -8% Hydro/Flash $ 8,679 $ 7.
Authors
- Pages
- 15
- Published in
- Canada
