Explain the process of calculating the levelized cost of energy (LCOE) for a solar power plant and how this metric can be used to assess the economic viability of the project.

The levelized cost of energy (LCOE) is a metric used to compare the cost of electricity generation from different sources, such as solar, wind, and fossil fuels. It represents the average cost of generating one kilowatt-hour (kWh) of electricity over the lifetime of the power plant, taking into account all costs, including capital costs, operating costs, and financing costs. The calculation process involves several steps. First, estimate the total capital costs (CAPEX) of the solar power plant. This includes costs for PV mo....