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WindFarm Ecnomics

This document provides information to calculate the net present value and levelized cost of energy for a 50MW wind farm project with a 20 year period of operation. It gives the capital investment, annual energy production, operation and maintenance costs, electricity selling price, and other key figures. The calculations show that the net present value of the project is €5,528,105.93 and the levelized cost of energy is €0.069881/kWh.

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Pedro Galvani
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14K views5 pages

WindFarm Ecnomics

This document provides information to calculate the net present value and levelized cost of energy for a 50MW wind farm project with a 20 year period of operation. It gives the capital investment, annual energy production, operation and maintenance costs, electricity selling price, and other key figures. The calculations show that the net present value of the project is €5,528,105.93 and the levelized cost of energy is €0.069881/kWh.

Uploaded by

Pedro Galvani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Wind farm capacity (MW) 50

Capital investmen () 65000000


Period of operation (years) 20
Decommissioning costs () 3000000
O&M costs (/kWh) 0.0091
Annual energy production (kWh) 110000000
Electricity selling price, tariff (/kWh) 0.075
Annual discount rate (%) 8

Net present value (NPV) of the wind farm project


Question 1
1. What are the O&M costs in euro for each year (/year)?
(1,001,000.00)

Question 2
2. What is annual revenue from selling the electricity (/year)?
capacity factor 0.25
Annual Energy Production AEP [MWh] 109500

Annual revenue 8,250,000.00

Question 3
3. What is the annual net income (/year)?

annual net income 7,249,000.00 7249000

Question 4
4. What is the net present value of this wind farm project()? Hint:whencalculatingwithNPVfunctiondon'tforget

NPV Net Income $71,171,750.56

NPV Project $5,528,105.93

The levelised cost of energy (LCOE) from a wind farm.


Question 1
1. Again, using the NPV function, what is the present value of all the maintenance costs for the 20years of operat

NPV O&M ($9,827,965.55)

Question 2
2. What is the present value of the payment cost made to decommission the wind farm ()? Hint:UsethePVfunc

PV Decomissioning ($643,644.62)
Question 3
3. Finally, add these two together with the initial capital cost to give the present value of all the costs ().

NPV costs ($75,471,610.18)

Question 4
4. What is the levellised annual cost (/year)?

PMT Project ($7,686,950.20)

Question 5
5. What is the levellised cost of energy (LCoE) for the wind farm (/kWh)?

LCoE ($0.069881)
-6.9881365454
withNPVfunctiondon'tforgettoextractthedecommissioningcostfromthelastyearsnetincome.

sts for the 20years of operation ()? Hint:ForcalculatingNPVofcosts,thesignofeachannualentryshouldbenegative.Note

m ()? Hint:UsethePVfunctionbuttakecareastheannualpaymentiszeroandthedecommissioningcostisthefuturevalue
of all the costs ().
ntryshouldbenegative.Notealsothattheinitialcapitalinvestmentshouldnotbeincludedhere.

ioningcostisthefuturevalue.

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