This article presents a parametric study of a concentrated photovoltaic co-generation (CPVC) system with an attached thermal storage tank. The CPVC system utilized dual-axis tracker and multiple solar energy collector (SEC) modules and forced cooling system. Each SEC module comprised 16 triple-junction solar cells, copper tube absorbers, and 16 Fresnel lenses were aligned against each solar cell. This study investigated all possible parameters that can affect the CPVC system performance, including the collector area, solar irradiation, inlet temperature, and mass flow rate. The surface area of the collector and the thermal power were increased by increasing the number of SEC modules connected in series; however, the electrical power output decreased from the first to the fourth SEC module consecutively. At the measured optimal flow rate, mixing and thermal diffusion in the storage tank were decreased, and the total power generation from the CPVC system was increased. Variations in the thermal and electrical power outputs were also observed when the focal length of the Fresnel lens was changed. This parametric analysis enables the CPVC system to obtain the desired output by varying the combination of operational and geometrical parameters. (C) 2014 Elsevier Ltd. All rights reserved.