Thermal storage tank is a standout amongst the most encouraging methods in solar thermal power stations operation. Accurate selection of appropriate storage system is a significant parameter to ensure the continuous working of thermal solar station during the absence of the sun. This work describes financial analysis of different locations of a 500MW Solar Plant in Egypt and also thermal tank design. The selected three locations which are investigated in this study are Aswan, EL-Arish and Hurghada to build this challenged size solar station. These locations cover the tree levels of the solar intensity in Egypt. This study is achieved by System Advisor Model (SAM) as financial analysis simulation tool. All the solar thermal power plants are working twenty-four hours per day and with sixteen full-load times of thermal energy storage (TES). Parametric design and cost analysis for each location, comparison between these locations are performed to obtain the optimum locations for 500MW solar power plants. The results of this study are considered a good orientation for feasibility study for CPS (concentrators parabolic system) projects, and it is needed in all over the world in particular, in Egypt for future to produce clean energy. The results of the cost analysis indicated that SM of Aswan is smaller value than the other cities and it equals 1.8 due to high annual irradiation 2916 kW.hr/m2 |