Cost-benefit analysis of grid-connected wind–biogas hybrid energy production, by turbine capacity and site
The impacts of a recently launched community feed-in tariff (COMFIT) scheme on renewable energy production, with energy prices differentiated by renewable energy technology type, have not been adequately understood. The knowledge gap is addressed by applying the Hybrid Optimization Model for Electric Renewables (HOMER) decision tool to investigate the economic feasibility and effects of selected energy policy schemes on wind–biogas hybrid energy production, by taking into consideration geographic location (Greenwood, Sydney, Caribou Point), and wind turbine capacity (including 20, 35, and 50 kW). The biogas energy production component reflected a representative Nova Scotia, Canada dairy farm with 100 cows. Wind–biogas hybrid energy systems were generally not economically feasible without COMFIT scheme financial incentives. Locating the hybrid energy system one km away from a utility grid increased cost of energy produced by about $0.06 per kWh. Under current government COMFIT scheme with guaranteed energy prices, economic feasibility improved relative to a base scenario, with NPV per kWh increasing from -$0.51 to $0.83 for a system with the 50 kW turbine at Caribou Point, compared with -$0.51 to -$0.14 for a similar 50 kW turbine at Sydney. Wind–biogas power production was economically viable under COMFIT scheme prices only for Caribou Point.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Demiroren, A. & Yilmaz, U., 2010. "Analysis of change in electric energy cost with using renewable energy sources in Gökceada, Turkey: An island example," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 323-333, January.
- Zhou, Wei & Lou, Chengzhi & Li, Zhongshi & Lu, Lin & Yang, Hongxing, 2010. "Current status of research on optimum sizing of stand-alone hybrid solar-wind power generation systems," Applied Energy, Elsevier, vol. 87(2), pages 380-389, February.
- Nandi, Sanjoy Kumar & Ghosh, Himangshu Ranjan, 2010. "Prospect of wind–PV-battery hybrid power system as an alternative to grid extension in Bangladesh," Energy, Elsevier, vol. 35(7), pages 3040-3047.
- Hines, Paul & Apt, Jay & Talukdar, Sarosh, 2009. "Large blackouts in North America: Historical trends and policy implications," Energy Policy, Elsevier, vol. 37(12), pages 5249-5259, December.
- Benitez, Liliana E. & Benitez, Pablo C. & van Kooten, G. Cornelis, 2008.
"The economics of wind power with energy storage,"
Elsevier, vol. 30(4), pages 1973-1989, July.
- Pablo Benitez & Lilianna Dragulescu & G. Cornelis van Kooten, 2006. "The Economics of Wind Power with Energy Storage," Working Papers 2006-02, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
- Beccali, M. & Brunone, S. & Cellura, M. & Franzitta, V., 2008. "Energy, economic and environmental analysis on RET-hydrogen systems in residential buildings," Renewable Energy, Elsevier, vol. 33(3), pages 366-382.
- Menz, Fredric C. & Vachon, Stephan, 2006. "The effectiveness of different policy regimes for promoting wind power: Experiences from the states," Energy Policy, Elsevier, vol. 34(14), pages 1786-1796, September.
- Shafiullah, G.M. & Amanullah, M.T.O. & Shawkat Ali, A.B.M. & Jarvis, Dennis & Wolfs, Peter, 2012. "Prospects of renewable energy – a feasibility study in the Australian context," Renewable Energy, Elsevier, vol. 39(1), pages 183-197.
- Rehman, Shafiqur & Ahmad, Aftab & Al-Hadhrami, Luai M., 2011. "Development and economic assessment of a grid connected 20Â MW installed capacity wind farm," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 833-838, January.
- Ashok, S., 2007. "Optimised model for community-based hybrid energy system," Renewable Energy, Elsevier, vol. 32(7), pages 1155-1164.
- Blackler, T. & Iqbal, M.T., 2006. "Pre-feasibility study of wind power generation in holyrood, newfoundland," Renewable Energy, Elsevier, vol. 31(4), pages 489-502.
- Dalton, G.J. & Lockington, D.A. & Baldock, T.E., 2009. "Feasibility analysis of renewable energy supply options for a grid-connected large hotel," Renewable Energy, Elsevier, vol. 34(4), pages 955-964.
- Weis, Timothy M. & Ilinca, Adrian, 2008. "The utility of energy storage to improve the economics of wind–diesel power plants in Canada," Renewable Energy, Elsevier, vol. 33(7), pages 1544-1557.
- Crawford, R.H., 2009. "Life cycle energy and greenhouse emissions analysis of wind turbines and the effect of size on energy yield," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2653-2660, December.
- Brown, Bettina B. & Yiridoe, Emmanuel K. & Gordon, Robert, 2007. "Impact of single versus multiple policy options on the economic feasibility of biogas energy production: Swine and dairy operations in Nova Scotia," Energy Policy, Elsevier, vol. 35(9), pages 4597-4610, September.
- Qiu, Yueming & Anadon, Laura D., 2012. "The price of wind power in China during its expansion: Technology adoption, learning-by-doing, economies of scale, and manufacturing localization," Energy Economics, Elsevier, vol. 34(3), pages 772-785.
- Mosher, J.N. & Corscadden, K.W., 2012. "Agriculture's contribution to the renewable energy sector: Policy and economics – Do they add up?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4157-4164.
- Kapsali, M. & Kaldellis, J.K., 2010. "Combining hydro and variable wind power generation by means of pumped-storage under economically viable terms," Applied Energy, Elsevier, vol. 87(11), pages 3475-3485, November.
- Bailey, J.A. & Gordon, R. & Burton, D. & Yiridoe, E.K., 2008. "Factors which influence Nova Scotia farmers in implementing energy efficiency and renewable energy measures," Energy, Elsevier, vol. 33(9), pages 1369-1377.
- Ekren, Orhan & Ekren, Banu Y., 2010. "Size optimization of a PV/wind hybrid energy conversion system with battery storage using simulated annealing," Applied Energy, Elsevier, vol. 87(2), pages 592-598, February.
- Bekele, Getachew & Palm, Björn, 2010. "Feasibility study for a standalone solar-wind-based hybrid energy system for application in Ethiopia," Applied Energy, Elsevier, vol. 87(2), pages 487-495, February.
- Scorah, Hugh & Sopinka, Amy & van Kooten, G. Cornelis, 2012. "The economics of storage, transmission and drought: integrating variable wind power into spatially separated electricity grids," Energy Economics, Elsevier, vol. 34(2), pages 536-541.
- Khan, M.J. & Iqbal, M.T., 2005. "Pre-feasibility study of stand-alone hybrid energy systems for applications in Newfoundland," Renewable Energy, Elsevier, vol. 30(6), pages 835-854.
- Yiridoe, Emmanuel K. & Gordon, Robert & Brown, Bettina B., 2009. "Nonmarket cobenefits and economic feasibility of on-farm biogas energy production," Energy Policy, Elsevier, vol. 37(3), pages 1170-1179, March. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:80:y:2015:i:c:p:573-582. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.