Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data

Gül Nihal Güğül; Gaye Demirhan Başbilen; Derek Baker

doi:10.5152/tepes.2023.23019

Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data

Abstract

The majority of the techno-economic studies in literature utilize the meteorological stations data or satellite data which generally underestimate the wind energy production potential. This leads to a low reliability in economic decisions. This study is unique in the sense that it uses real-site data which comes from an operating wind power plant and derives economical results based on this real-site data. The current data were obtained from 12 wind locations in Bursa, Turkey, at 10-min intervals, at 100-m hub height over 2 years. Weibull, turbulence, and power density parameters were calculated. Wind energy investigations were performed based on three alternative wind turbine types. High scale parameters (7.6-9.1) were observed in all locations. Low shape parameters (1.3-2.9) and high standard deviation resulted in high turbulence index (0.54 on average). Monthly mean wind speed varied between 4.6 and 11.7 m/s. The financial calculations show that the lowest levelized cost of energy (LCOE) belongs to the alternative with Goldwind turbine alternative. The models used for invest- ment decision in this study have both macro- and microlevel implications. The political actors can require site-specific measurements from the wind project applications while economic actors should reshape their decision-making policies based on site-specific site measurements and alternative economic analysis such as LCOE.

Keywords

Thanks

The authors would like to express their great appreciation to “Artı Enerji” for their support.

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Details

Primary Language

English

Subjects

Electrical Energy Generation (Incl. Renewables, Excl. Photovoltaics)

Journal Section

Research Article

Authors

Gül Nihal Güğül ^*
0000-0002-5927-3308
Türkiye

Gaye Demirhan Başbilen This is me
0009-0009-3458-5354
Türkiye

Derek Baker
0000-0003-4163-1821
Türkiye

Publication Date

October 31, 2023

Submission Date

June 16, 2023

Acceptance Date

August 22, 2023

Published in Issue

Year 2023 Volume: 3 Number: 3

DOI

https://doi.org/10.5152/tepes.2023.23019

IZ

https://izlik.org/JA28TZ38DS

Cite

RIS / Bibtex

APA

Güğül, G. N., Demirhan Başbilen, G., & Baker, D. (2023). Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data. Turkish Journal of Electrical Power and Energy Systems, 3(3), 115-124. https://doi.org/10.5152/tepes.2023.23019

AMA

1.Güğül GN, Demirhan Başbilen G, Baker D. Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data. TEPES. 2023;3(3):115-124. doi:10.5152/tepes.2023.23019

Chicago

Güğül, Gül Nihal, Gaye Demirhan Başbilen, and Derek Baker. 2023. “Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data”. Turkish Journal of Electrical Power and Energy Systems 3 (3): 115-24. https://doi.org/10.5152/tepes.2023.23019.

EndNote

Güğül GN, Demirhan Başbilen G, Baker D (October 1, 2023) Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data. Turkish Journal of Electrical Power and Energy Systems 3 3 115–124.

IEEE

[1]G. N. Güğül, G. Demirhan Başbilen, and D. Baker, “Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data”, TEPES, vol. 3, no. 3, pp. 115–124, Oct. 2023, doi: 10.5152/tepes.2023.23019.

ISNAD

Güğül, Gül Nihal - Demirhan Başbilen, Gaye - Baker, Derek. “Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data”. Turkish Journal of Electrical Power and Energy Systems 3/3 (October 1, 2023): 115-124. https://doi.org/10.5152/tepes.2023.23019.

JAMA

1.Güğül GN, Demirhan Başbilen G, Baker D. Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data. TEPES. 2023;3:115–124.

MLA

Güğül, Gül Nihal, et al. “Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data”. Turkish Journal of Electrical Power and Energy Systems, vol. 3, no. 3, Oct. 2023, pp. 115-24, doi:10.5152/tepes.2023.23019.

Vancouver

1.Gül Nihal Güğül, Gaye Demirhan Başbilen, Derek Baker. Techno-Economic Analysis for Wind Energy Projects: A Comparative Study With Three Wind Turbines Based on Real-Site Data. TEPES. 2023 Oct. 1;3(3):115-24. doi:10.5152/tepes.2023.23019