Assessment of Economic Feasibility on Promising Wind Energy Sites in Myanmar

Year 2015, Volume: 5 Issue: 3, 699 - 707, 01.09.2015

Thi thi Soe Maosheng Zheng Zar Ni Aung

Abstract

his paper presents the selection of the best potential wind resource from preliminary wind atlas, and studies the economic feasibility analysis of these sites by matching with the wind data of each site and characteristics of low wind speed wind turbine. The selected sites are emerging from Arakan, Pathein, Yangon and Ye, which are likely to be facilitating areas from isolated-grid and other off-grid. Therefore, eight low wind speed wind turbines are selected from product data sheet of RETScreen and matched with wind data of each site for assessing the economic feasibility. The best wind turbine is Enrgie (PGE 20/25-25m) for each site to get the lowest price, the highest capacity factor, the maximum energy production and the greatest green house gas (GHG) emission reduction.  To check the economic feasibility of this project, the parameter of net present value (NPV), internal rate of return (IRR) and simple payback period (SPB) are adjusted for verification of sustainable development. The sensitivity analysis is also performed for back up findings of project development. This research can investigate the potential and feasibility of developing small scale wind farm with isolated-grid for electricity generation at remote areas of Myanmar.

Keywords

Wind Turbines, Economic Feasibility, Net Present Value, Internal Rate of Return, Simple Payback Period

References

• Asian Development Bank: Energy Sector Initial Assessment, Myanmar, October 2012.
• W. Khaing, “Renewable in Myanmar Energy and Rural Development”, 2008 TCDPAP & FIDIC/ASPAC Seoul Conference, 2008.
• T.L. Oo, “Over View and Status of the Power Sector in Myanmar,
• Hydropower”, 13-14, Feb, 2013, Nay Pyi Taw, Myanmar. on International Centre
• for [4] RETScreen International Clean Energy Decision Support Centre, Wind Energy Project Analysis Chapter, Canada: 2004.
• P. Peerapong, B. Limmeechokchai, 90 MW Wind farm feasibility study and site selection in northeastern Thailand:The renewable energy project under CDM, CTC 2011.
• B. Ozerdem, S. Ozer, M. Tosun, “Feasibility study of wind farms: A case study for Izmir, Turkey”, Journal of Wind Engineering and Industrial Aerodynamics, vol. 94, pp.725–743, April 2006.
• E.E. Nordman, “Energy transitions in Kenya’s tea sector: A wind energy assessment”, Renewable Energy, vol. 68, pp. 505-514, February 2014.
• K. Mohamed Nor, M. Shaaban, H.A. Rahman, “Feasibility assessment of wind energy resources in Malaysia based on NWP models”, Renewable Energy, vol.62, pp.147- 154, July 2013.
• S. Rehman, “Prospects of wind farm development in Saudi Arabia”, Renewable Energy, vol.30, pp. 447–463, April 2005.
• S. Diafa, G. Nottonb, D. Diafa, “Technical and economic assessment of wind farm power generation at Adrar in Southern Algeria”, The Mediterranean Green Energy Forum 2013, MGEF-2013, Energy Procedia, vol. 42, pp. 53-62, Novenber 2013.
• E.Y. Osei, E.O. Essandoh, “RETScreen Assessment of Utility Scale Wind Power Generation Based on Historical Wind Speed Data-the Case of Mankoadze in the Central Region of Ghana”, Research Journal of Applied Sciences, Engineering and Technology, vol.7(21), pp. 4593-4600, June 2014.
• V.T. Tran, T.H. Chen, “Assessing the Wind Energy for Rural Areas of Vietnam”, International Journal of Renewable Energy Research, vol.3,No.3, pp. 523-528, June 2013.
• U.S Department of Energy, Wind Energy Resource Potential, Energy Efficiency and Renewable Energy Wind and Hydropower Technologies Program, 2006.
• True Wind Solutions, LLC Albany, Wind Energy Resource Atlas of Southeast Asia, New York: September 2001.
• D. Elliott, M. Schwartz, R. George, S. Haymes, Wind Energy Resource Atlas of the Philippines, National Renewable Energy Laboratory, February, 2001.
• RETScreen International Clean Energy Decision Support Centre: Clean Energy Project Analysis, RETScreen Engineering and Cases Textbook. 3rd ed., Canada, 2004.
• RETScreen International Clean Energy Decision Support Centre: RET Screen Software Online User Manual; Wind Energy Project Model, Canada, 2004.
• Product data, www.retscreen.net, March 2004.
• http://hedataanalysis.com/link.html.