Techno-economic assessment of using wind power system for tribal region of Gachsaran in Iran
Journal of Engineering, Design and Technology
ISSN: 1726-0531
Article publication date: 4 September 2019
Issue publication date: 9 March 2020
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.
Keywords
Citation
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, Vol. 18 No. 2, pp. 293-307. https://doi.org/10.1108/JEDT-05-2019-0132
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited