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Tutorial - 3 - Wind

The document evaluates the economic feasibility of installing a Vestas V90GS wind turbine, detailing costs, operational parameters, and financial metrics such as pay-back period and net present value over a 20-year lifespan. It includes analyses for two additional turbine models, Vestas V90-2000 and a Weibull distribution case, to compare economic performances. Key economic data includes investment costs, operational costs, feed-in tariffs, and assumptions on inflation and discount rates.

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3 views2 pages

Tutorial - 3 - Wind

The document evaluates the economic feasibility of installing a Vestas V90GS wind turbine, detailing costs, operational parameters, and financial metrics such as pay-back period and net present value over a 20-year lifespan. It includes analyses for two additional turbine models, Vestas V90-2000 and a Weibull distribution case, to compare economic performances. Key economic data includes investment costs, operational costs, feed-in tariffs, and assumptions on inflation and discount rates.

Uploaded by

davidvalencia2305
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ENERGY AND ECONOMIC ASSESSMENT OF A WIND TURBINE

Renewable energy sources – A.Y. 2025/26


Prof. Nicola Fergnani – Tutor: Riccardo Simonetti, Ph.D.

A company wants to evaluate the economic feasibility of the installation of a modern wind turbine Vestas
V90GS. The turbine has a horizontal axis and a 3-bladed rotor; the nominal power is 1’800 kW and the
operational wind speed ranges from 3 m/s (cut-in speed) to 25 m/s (cut-off speed).

CASE A
Consider the attached figure and table, which illustrate the wind speed distribution for the considered
geographic location and the power curve values for the Vestas V90GS turbine (referring to ISO standard
conditions).
Consider a venture capital investment and the following plant costs:
 Turbine and transportation 1’610’000 €
 Plant design, engineering and work supervision 227’000 €
 Civil works 403’000 €
 Grid connection 277’000 €

The annual average availability of the plant is 8’600 hours and the O&M annual cost is 35’000 € in the first
year, while in following years it has to be updated according to the inflation rate. Assume the following
economic data:
 plant life 20 years
 inflation rate rinf = 1.0%
 discount rate rdisc = 4.0%
 tax rate rtax = 27%
 financial amortization 12 years, constant shares
 feed-in tariff Ffeed-in = 70 €/MWh (P > 1000 kW; DM 04/07/2019)
 feed-in tariff duration 20 years

The construction time of the plant is 2 years and the investment cost is split in two tranches: 55% during the
first year of construction and 45% during the second year.
Draw the curve of the power coefficient (Cp) of the turbine and calculate the expected annual energy
production, the capacity factor and the equivalent working time of the plant. Determine the performances of
the investment (pay-back period, net present value, internal rate of return, etc.) and the levelized cost of
energy.

CASE B
Repeat the evaluations for a Vestas V90-2000 wind turbine, whose power curve is given in Table 1. The
turbine and transportation cost is 7% higher than the one for the V90GS.

CASE C (optional)
Repeat the same analysis of CASE A and B adopting the Weibull distribution to represent the measured wind
speed distribution on the site.
Compare the economic performance of the investment to CASE A and B and motivate the observed
differences.
14.0

12.0

10.0

8.0
f(v)

6.0

4.0

2.0

0.0

v [m/s]

Wind speed distribution Performance V90 GS Performance V90 2000


v [m/s] f(v) P_el [kW] P_el [kW]
0 2.6 0 0
1 7.2 0 0
2 10.1 0 0
3 12.0 20 0
4 13.0 85 51
5 11.0 202 223
6 10.0 364 411
7 8.5 583 619
8 7.0 879 844
9 5.3 1227 1100
10 3.5 1570 1388
11 3.0 1756 1723
12 2.3 1791 1957
13 1.8 1800 2000
14 1.2 1800 2000
15 0.8 1800 2000
16 0.5 1800 2000
17 0.2 1800 2000
18 0.0 1800 2000
19 0.0 1800 2000
20 0.0 1800 2000
21 0.0 1800 2000
22 0.0 1800 2000
23 0.0 1800 2000
24 0.0 1800 2000
25 0.0 1800 2000

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