Concentrating solar power (CSP) is a high-potential renewable energy source that can leverage various thermal applications. CSP plant development has therefore become a global trend. However, the designing of a CSP plant for a given solar resource condition and financial situation is still a work in progress. This study aims to develop a mathematical model to analyze the levelized cost of electricity (LCOE) of Thermal Energy Storage (TES)-integrated CSP plants in such circumstances. The developed model presents an LCOE variation for 18 different CSP configurations with TES incorporated for Rankine, Brayton, and combined power generation cycles, under regular TES materials and nano-enhanced TES materials. The model then recommends the most economical CSP plant arrangement. Within the scope of this study, it was found that the best configuration for electricity generation is a solar power tower with nano-enhanced phase change materials as the latent heat thermal energy storage medium that runs on the combined cycle. This returns an LCOE of 7.63 ct/kWh with a 22.70% CSP plant efficiency. The most favorable option in 50 MW plants is the combined cycle with a regular TES medium, which has an LCOE of 7.72 ct/kWh with a 22.14% CSP plant efficiency.

Sri Lanka is facing an energy crisis due to insufficient exploitation of renewable energy resources and high reliance on imported fossil fuels. Building-integrated PV (BIPV) systems are one approach that provides various benefits in countries with limited land areas and congested metropolitan regions for ensuring energy security. This study was conducted to evaluate the rooftop solar PV capacity and yearly electricity generation potential in selected provinces in Sri Lanka. The study found 115 km2 of rooftop area for solar PV installation in four Sri Lankan provinces; Sabaragamuwa, Western, Northern, and North Central with approximately 25 GW of solar PV installation capacity could lead to annual electricity generation of 45 TWh which could reduce carbon emissions by 20 million tCO2 per year.