Abstract
Owing to its natural and rich advantages, exploration of solar energy technology has become increasingly popular in recent years to counter the growing crude oil prices. However, its universal adoption is still limited, not only due to environmental restrictions but also due to lower overall efficiency. Rankine cycle is optimised to conduct 4-E (Exergy, Energy, Economic and Ecological) analysis. Furthermore, three sets (R-113, R-11, and R-1233zd) of refrigerants are prioritised and ranked on the basis of 4-E analysis as outcomes. The contemporary study addressed all critical factors and explains the impact of solar irradiance, mass flow rate of molten salt and steam, turbine inlet pressure, and turbine inlet temperature which are eventually weighed and prioritised using combined multi-criteria decision making (MCDM) techniques. The energy efficiency, exergetic efficiency, power/ cost of electricity, and ecological emissions are taken as the indicators of the combined cycle, respectively. The energy efficiency of the hybrid system is improved to 75.07% after including cogeneration cycle, with an increment of 54.58%. In comparison to conventional thermal powerplant setups, the power/cost of electricity and ecological efficiency have been reduced by 68% and upgraded by 16%, correspondingly. Direct normal radiation is the most critical factor followed by turbine inlet temperature. Further, the result indicates that maximum exergy destruction that occurs in the central receiver declines to 39.92%, followed by heliostat and steam turbine which was 27% and 9.32% respectively. In conclusion, the hybrid cycle can furnish cheaper electricity, with lower carbon imprint in sustainable manner with better efficiency.