<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Nowadays the planet is facing emerging global issues related to climate change, pollution, deforestation, desertification and the number of challenges is expected to grow as the global population is forecasted to reach 10 billion margin by 2050. A concept of circular economy can have a positive contribution to the current development trajectories. In order to implement it, preferably all the energy should be produced by using renewable energy sources, but there has always been a challenge for storage of renewable energy. Therefore, considering technical and economical parameters, construction options for a pumped storage hydropower plant in Latvia have been evaluated using the desk research methodology. Results have shown that Daugavpils PSHP is the most attractive project from the technological point of view, but it requires the greatest amount of investment and construction of Daugavpils HPP. At present all the construction options for PSHP in Latvia are economically disadvantageous and would not be viable without co-financing from European or national funds. Considering both technical and economical parameters, the authors emphasise Plavinas PSHP construction option.</p></abstract>

Nowadays the planet is facing emerging global issues related to climate change, pollution, deforestation, desertification and the number of challenges is expected to grow as the global population is forecasted to reach 10 billion margin by 2050. A concept of circular economy can have a positive contribution to the current development trajectories. In order to implement it, preferably all the energy should be produced by using renewable energy sources, but there has always been a challenge for storage of renewable energy. Therefore, considering technical and economical parameters, construction options for a pumped storage hydropower plant in Latvia have been evaluated using the desk research methodology. Results have shown that Daugavpils PSHP is the most attractive project from the technological point of view, but it requires the greatest amount of investment and construction of Daugavpils HPP. At present all the construction options for PSHP in Latvia are economically disadvantageous and would not be viable without co-financing from European or national funds. Considering both technical and economical parameters, the authors emphasise Plavinas PSHP construction option.

Pumped-Storage Hydropower Plants as Enablers for Transition to Circular Economy in Energy Sector: A Case of Latvia

Institute of Civil Engineering and Real Estate Economics

Institute of Power Engineering, Department of Power System Control and Automation

Latvian Journal of Physics and Technical Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Nowadays the planet is facing emerging global issues related to climate change, pollution, deforestation, desertification and the number of challenges is...

Pumped-Storage Hydropower Plants as Enablers for Transition to Circular Economy in Energy Sector: A Case of Latvia

Published Online: May 11, 2020

Page range: 20 - 31

DOI: https://doi.org/10.2478/lpts-2020-0012

Keywords
circular economy, electricity price, pumped storage hydropower plant, renewable energy

© 2020 J. Zvirgzdins et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Pumped-Storage Hydropower Plants as Enablers for Transition to Circular Economy in Energy Sector: A Case of Latvia

Published Online: May 11, 2020

Page range: 20 - 31

DOI: https://doi.org/10.2478/lpts-2020-0012

Keywordscircular economy, electricity price, pumped storage hydropower plant, renewable energy

© 2020 J. Zvirgzdins et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
circular economy, electricity price, pumped storage hydropower plant, renewable energy