Techno-economic optimization of a floating solar hydro scheme using Monte Carlo analysis

This paper presents analysis for the installation of a floating solar scheme on an existing dam reservoir. Using Monte Carlo simulation, the authors present the results of optimization with regard to the size and configuration of the floating solar scheme. The work reveals that the existing power purchase agreement already in place for the hydro generation component was an important factor when considering the optimum size of the additional solar installation. The study also demonstrates that energy generation from a hydro project could be increased through the installation of a FPV.