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The Cost Factor Analysis of Wind Power Plants-An Economic Perspective
2018 (English)In: 5th International Conference on Developments in Renewable Energy Technology 2018 (ICDRET’2018), 2018Conference paper, Published paper (Refereed)
Abstract [en]

Renewable energy can help the countries to meet their sustainable development goals. It provides provision of access to clean, secure, reliable and affordable energy. Renewable energy has gone mainstream, accounting for the majority of capacity additions in power generation today. Today wind power plant technologies are experiencing renaissance and the wind turbine promises to be an important alternative to fossil fuels in the future. Therefore, cost factors of the wind power plants have been analyzed in this paper in perspective of Sweden and Germany. The capital expenditure costs include material and labour cost for civil work, turbine installation and electrical connection. The most significant part among all is turbine installation. The revenue depends on the market price and financial support through government strategies and regulations. The analysis is based on a range of data sources of cost indicators – capital expenditure, operational expenditure, levelised cost of electricity and revenue. This paper is not a detailed financial analysis of project economics rather it provides simple and reliable information which can be used to evaluate the costs of different wind power projects.

Place, publisher, year, edition, pages
2018.
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-261084OAI: oai:DiVA.org:kth-261084DiVA, id: diva2:1356548
Conference
5th International Conference on Developments in Renewable Energy Technology 2018 (ICDRET’2018)
Note

QCR 20191002

Available from: 2019-10-01 Created: 2019-10-01 Last updated: 2019-10-02Bibliographically approved

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Hoq, Md Tanbhir
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf