A wind energy system has been designed for 20 years of operation . The designed system has a wind turbine of power 600 kW with a capacity factor of 28.54% which costs $450,000. The installation place has the following terms and conditions: Price of electricity =$0.05 I kWhr Rate of return = 66% r = 5 percent/yr, the real rate of interest (1) Estimate the net yearly income from the system. (2)Estimate the return of investment. (3)Estimate the present value of electricity.

Power System Analysis and Design (MindTap Course List)
6th Edition
ISBN:9781305632134
Author:J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma
Publisher:J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma
Chapter2: Fundamentals
Section: Chapter Questions
Problem 2.16P: A single-phase, 120V(rms),60Hz source supplies power to a series R-L circuit consisting of R=10 and...
icon
Related questions
Question

A wind energy system has been designed for 20 years of operation . The designed system has a wind turbine of power 600 kW with a capacity factor of 28.54% which costs $450,000. The installation place has the following terms and conditions:

  • Price of electricity =$0.05 I kWhr
  • Rate of return = 66%
  • r = 5 percent/yr, the real rate of interest

(1) Estimate the net yearly income from the system.

(2)Estimate the return of investment.

(3)Estimate the present value of electricity.

 

 

Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Solar cell
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, electrical-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Power System Analysis and Design (MindTap Course …
Power System Analysis and Design (MindTap Course …
Electrical Engineering
ISBN:
9781305632134
Author:
J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma
Publisher:
Cengage Learning