Economic Analysis of WECSs Using LCOE and PVC Approaches in Northern Ethiopia

  • Shiva Prashanth Kumar Kodicherla Deparbnent of Civil Engineering, College of Engineering & Technology Wollega University (WU), Nekemte, Orornia Region, Ethiopia
  • Satyanarayana Gaddada Deparbnent of Electrical and Computer Engineering, College of Engineering & Technology Wollega University (WU), Nekemte, Orornia Region, Ethiopia
Keywords: Levelized cost of electricity, life cycle cost, present value of cost, wind energy conversion system, economic analysis, Ethiopia

Abstract

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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Author Biographies

Shiva Prashanth Kumar Kodicherla, Deparbnent of Civil Engineering, College of Engineering & Technology Wollega University (WU), Nekemte, Orornia Region, Ethiopia

SPKK: Shiva Prashanth Kumar Kodicherla, corresponding author, is working as a Lecturer in Department of Civil Engineering, Wollega University, Nekemte, Ethiopia. He obtained bachelor's degree in Civil Engineering from Osmania University (OU), Hyderabad, and master's degree in Geoenvironmental Engineering from JNTUH College of Engineering, Hyderabad. E-mail: prashanthetc1024@gmail.com

Satyanarayana Gaddada, Deparbnent of Electrical and Computer Engineering, College of Engineering & Technology Wollega University (WU), Nekemte, Orornia Region, Ethiopia

DSNG: Satyanarayana Gaddada is Associate Professor in Department of Electrical and Computer Engineering, Wollega University, Nekemte, Ethiopia. He obtained bachelor's degree in Science from JVR Government Degree College, Sathupally, Khammam, Telangana state, India and Doctoral Degree in Computer Science and Engineering with specialization in Data Warehousing and Data Mining. E-mail: sreesatyam@yahoo.in

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Published
2018-06-01
Section
Articles