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http://dx.doi.org/10.9726/kspse.2012.16.5.013

Economic analysis of jeju offshore pilot run wind farm by sensitivity analysis  

Lee, K.H. (Graduate School, JeJu National University)
Park, J.H. (Graduate School, JeJu National University)
Jin, J.W. (Technology Research Center, TaiHan Electric Wire Co. Ltd.)
Kwon, K.R. (Major of Mechanical Engineering, JeJu National University)
Choi, K.H. (Major of Mechatronics Engineering, JeJu National University)
Publication Information
Journal of Power System Engineering / v.16, no.5, 2012 , pp. 13-19 More about this Journal
Abstract
In this paper, the offshore wind farms have been designed by using WindPRO with the help of real wind data measurements at Jeju Costal area by calculating the annual energy production for exact economic evaluation. In order to achieve benefit of wind farm, the annual revenue for power generation have been calculated with SMP and REC value. And construction cost has derived from the real wind farm project case. Also O&M cost has been estimated by OMCE (Operating & Maintenance Cost Estimator) to get accurate cost of wind farm. Economic evaluation of wind farms have been performed by comparing above parameters. In addition, sensitivity analysis calculating the effect of these factors has also been carried out.
Keywords
WindPRO; Economic Assessment; Sensitivity Analysis; Operating & Maintenance Cost Estimator-OMCE;
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  • Reference
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