Abstract
In this study, the relative economic contrast of wind energy conver-sion systems (WECSs) are examined using levelized cost of electricity(LCOE) and present value cost (PVC) as measures of merit of systemlife cycle cost. From the analysis of data and discussion, capacity factorand useful life of the wind turbine have a positive impact on the costof electricity produced by the WECS, while the other input parametersof LCOE and PVC increase the system life cycle cost, as their values in-creases. The trend of capacity factors decreased linearly, and the simul-taneous increase in LCOE and PVC was noticed.
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