Abstract
This paper investigates some exergoeconomic parameters (energy and exergy loss ratios) for a 1.5 kW wind turbine system, linking capital costs and thermodynamic losses, based on some operating conditions. The results show that while the ratio of energy loss rate to capital cost (Ren) changes between 0.007 and 0.813 at different wind speeds, the ratio of exergy loss rate to capital cost (Rex) changes between 0.006 and 0.411. In addition, the maximum Ren and Rex values are obtained at a wind speed of 12 m/s. Furthermore, a parametric study is undertaken to investigate how varying wind speed will affect the exergoeconomic parameters of the wind turbine system and to develop a correlation between the ratio of thermodynamic loss rate to capital cost and wind speed for practical applications of wind energy systems.
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