Economic analysis of small wind-energy conversion systems
AbstractThe financial costs of obtaining electricity from small wind-energy conversion systems are calculated and compared with the cost of electricity from traditional utility companies. A 3 kW rated wind electric system for residential use is examined. The amount of energy from this system is estimated by using a computer-operated simulation model which incorporates wind speeds, residential electricity demands and parameters from the generator, inverter and storage components. Variations in electricity costs as a function of available wind energy, residential consumption patterns and system components and costs are examined. The cost of electricity from small wind-energy conversion systems has considerable variations under differing assumptions or parameters but may, in some cases, be competitive with utility company costs.
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Bibliographic InfoArticle provided by Elsevier in its journal Applied Energy.
Volume (Year): 11 (1982)
Issue (Month): 1 (May)
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description
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- Joselin Herbert, G.M. & Iniyan, S. & Sreevalsan, E. & Rajapandian, S., 2007. "A review of wind energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(6), pages 1117-1145, August.
- Jebaraj, S. & Iniyan, S., 2006. "A review of energy models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 10(4), pages 281-311, August.
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