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Recent Advances in the Implementation of Wind Energy in Iran

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The 2 nd Jo<strong>in</strong>t International Conference on “Susta<strong>in</strong>able <strong>Energy</strong> and Environment (SEE 2006)”<br />

21-23 November 2006, Bangkok, Thailand<br />

3.1 Economical formulation<br />

<br />

For economic analysis, lifetimes <strong>of</strong> <strong>the</strong> V47-660 kW w<strong>in</strong>d turb<strong>in</strong>es and<br />

<strong>in</strong>terest rate have been assumed to be 20 years and 16% respectively.<br />

The actual <strong>in</strong>vestment cost (C a<br />

) is 1000 $/kW.<br />

It should be noted that turb<strong>in</strong>e availability is 0.98.<br />

The generation cost estimation is performed us<strong>in</strong>g <strong>the</strong> ECOWIND<br />

s<strong>of</strong>tware. The flowchart <strong>of</strong> this s<strong>of</strong>tware is presented <strong>in</strong> Fig.10 .

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