Potential Infrastructure Cost Savings at Hybrid Wind Plus Solar PV Plants
This report documents the creation of NREL's Balance of System model for Hybrid Renewable Energy Systems (HybridBOSSE). Balance of System (BOS) costs account for approximately 30% of the capital expenditure required to install a land-based wind plant, and as much as 40% of the cost of installing a solar PV plant. Hybrid Renewable Energy systems present an opportunity to combine balance of system components to achieve cost savings, and HybridBOSSE aims to provide a component-level model to determine the associated BOS costs in a hybrid renewable energy system. Prior BOS models for hybrid systems (at NREL and elsewhere) have relied on empirical curve fits of legacy industry data, limiting their utility and their predictive ability for new technology combinations and configurations, such as those found in Hybrid Plants. Hybrid plants at the utility scale have considerably more interest in the last number of years, with ever-growing capacities in the interconnection queues, and many large developers pivoting to only consider hybrid plants going forward. As these plants become a commercial reality, the need for a detailed analysis of costs in a hybrid plant to fully exploit the available cost savings grows. The tool developed and documented in this work, HybridBOSSE, provides an open-source, python-based method of assessing the costs in hybrid plants. This analysis capability unlocks greater certainty in hybrid plant costs, as well as the ability to examine scenarios of hybridization and glean combinations that offer the greatest flexibility and cost reduction.