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A study on economic analysis of new renewable energy power(photovoltaic, wind power, small hydro, biogas)  

Kim, Chong-Min (Dept. of Architecture Eng., Tongmyong University)
Kim, Ki-Young (Dept. of Architecture Eng., Graduate School, Tongmyong University)
Publication Information
Journal of the Korean Solar Energy Society / v.28, no.6, 2008 , pp. 70-77 More about this Journal
Abstract
The purpose of this study evaluates a feasibility and economical efficiency of new renewable energy. According as weather change is serious problem now days, every people make attention to the reduction of greenhouse gas. The revitalization of new renewable energy creates the variety of energy source, stability of energy supply and reduction of greenhouse gas. In this study evaluates a feasibility and economical efficiency from new renewable energy of various photo voltaics, wind power, small hydro and biogas. Feasibility does in standard of technical characteristic, politic support, marketability, establishment present condition and development aim. Economical efficiency does in standard of developmental unit cost, utilization factor, equipment life, politic support cost, interest ratio. The results of this study were as follows photo voltaics, wind, small hydropower, biogas in order feasibility is high. Developmental unit cost, utilization factor, equipment life, politic support cost and analyzed the relationship of interest ratio fluctuation and economical efficiency. From all new renewable energy the utilization factor most is important in economical efficiency but necessary utilization factor is difficult because environmental problem.
Keywords
new renewable energy; economical efficiency evaluation; net present value; internal rate of return;
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