| Popis: |
In this study, the preliminary economic feasibility study of the project of wind power at the site of Al-Shehabi (Wasit-Iraq) was conducted using measured wind data at altitudes of 10 m, 30 m, 50 m and 52 m per 10 minutes. For the purpose of comparison, data from NASA space was used at the same location at 50 m height. The lowest unit cost of electricity from wind energy was found (0.0618 $/Kwh and 0.0786 $/Kwh) by using standard methodology Levelized cost of Energy (LCOE) equation and Net Present Value (NPV) procedure respectively. Furthermore, RETScreen software was used to perform the economic prefeasibility study of a proposed wind farm. The study concludes this site is economically feasible if a wind farm 5.0MW of ten wind turbines (EWT DW54) were erected with NPV of $11,309,956, After-tax IRR 24.7% and simple payback period 6.1 years at capacity factor of 38.34%. Finally, wind farm development will result in a reduction in greenhouse gases of 31876 tCO2 per each year. The sensitivity and risk analysis were performed and guarantee the safety of specified financial input parameters values. |
