Economic Analysis of WECSs Using LCOE and PVC Approaches in Northern Ethiopia
In this study, the relative economic contrast of wind energy conversion systems (WECSs) are examined using levelized cost of electricity (LCOE) and present value cost (PVC) as measures of merit of system life cycle cost. From the analysis of data and discussion, capacity factor and useful life of the wind turbine have a positive impact on the cost of electricity produced by the WECS, while the other input parameters of LCOE and PVC increase the system life cycle cost, as their values increases. The trend of capacity factors decreased linearly, and the simultaneous increase in LCOE and PVC was noticed.
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