This environmental impact assessment for Kriegers flak ... - Vattenfall
This environmental impact assessment for Kriegers flak ... - Vattenfall
This environmental impact assessment for Kriegers flak ... - Vattenfall
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40 PROJECT ECONOMICS<br />
6. Project economics<br />
It is a delicate task to make a precise cost calculation be<strong>for</strong>e the procurement process has<br />
been completed. In addition, there are uncertainties about future electricity and certifi cate<br />
prices. With this in mind, an estimation of the most important project key numbers is pre-<br />
sented below.<br />
Average electricity price 300 SEK/MWh<br />
Average certifi cate price 300 SEK/Mwh<br />
Total capacity installed 640 MW<br />
Total investment cost 10 300 000 000 SEK<br />
Investment cost per annual kWh 5,00 SEK<br />
Investment cost per kW 16 000 SEK<br />
Estimated total electricity production 50 250 000 MWh<br />
IRR 10 %<br />
Capacity factor 36 %<br />
O & M cost per MWh 93SEK<br />
O & M cost as percentage of revenue 15 %<br />
• The following remarks<br />
must be made:<br />
• In respect of investment costs, the numbers<br />
are based on a “worst case scenario”, in the<br />
sence that, when in doubt, we have used<br />
a high number. More competition is soon<br />
expected <strong>for</strong> offshore wind turbines that will<br />
lead to lower prices.<br />
• Also <strong>for</strong> the electricity price, a worst case<br />
scenario has been assumed. The number <strong>for</strong><br />
the electricity production is taken from the<br />
worst of three wind studies.<br />
• The electricity and certiÞ cate prices used<br />
here are much lower than estimates made by<br />
most experts.<br />
In conclusion, even whith several worst case<br />
scenario numbers included in the economic<br />
projections, the project will become proÞ table.
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