Mostafaeipour, A; Qolipour, M; Rezaei, M and Goudarzi, H (2020) Techno-economic assessment of using wind power system for tribal region of Gachsaran in Iran. Journal of Engineering, Design and Technology, 18(2), pp. 293-307. ISSN 1726-0531
Abstract
Purpose: This paper aims to investigate the techno-economic feasibility of wind power potential for a tribal region located in Gachsaran in the South-West of Iran. Design/methodology/approach: Techno-economic feasibility study and analysis of data were conducted by HOMER v2.68 software. Simulations and calculations were performed for 10 kW turbines, 8 Trojan L16P batteries, 12 kW converter and 12 kW generator. To anticipate the pay back period (PBP) or the time required to reach profitability, an engineering economic method named net equivalent uniform annual was applied. Findings: The power plant construction cost, including the initial cost, installing, replacing and project operating costs for useful life of 20 years was equal to $40970. The net income of the project for each year was $8538 and the calculations were carried out using interest rate of 18%. Results indicated that PBP was 13 years which is lower than 20 years useful life of the turbine. Therefore, it is economically feasible to use this type of turbine for the nominated region. Originality/value: There has not been conducted a research regarding remote areas in Iran; therefore, this study aims at closing this research gap. Moreover, this method could be used for any remote areas in any other developing country.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | feasibility; remote area; techno-economic; wind energy |
| Index terms: | developing country, feasibility study, power station construction, interest rate, methodology, wind power, income, operating cost, profitability |
| Subjects: | development economics, research methods, civil engineering, energy systems, economic analysis, design stages |
| Topics: | Sustainability, Business Strategy, Engineering Principles, Research Practice, Design Practice, International Construction |
| Descriptive scope: | 3 PCT |
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