Economical evaluation for various renewable energy products in Jordan

Abstract

This paper addresses the current status and the future potentials of renewable energy applications in Jordan, the data analysis shows that Solar is by far the renewable source with largest theoretical potential, with 1,642 GW, followed by wind, which potential is in the range of 182–319 GW potential of other renewable energies is comparative small like Biomass/Biogas potential is estimated at 30–50 MW. According to the analysis carried out, the maximum renewable energies grid can handle in 2020 is 1650 MW wind and 800 MW solar, within a confidence interval of 95%. Following economic criteria wind capacity is allocated first as is the most economic advantageous, followed by Photovoltaic and concentrated Solar Panel. Biomass will enter as plants are constructed. The Jordanian Government strategy targets the implementation of 1,800 MW of Renewable generation capacities by 2020. These will be split in 1,200 MW wind power plants, and 600 MW solar plants. The indicative prices of different renewable energy sources are presented. The Economic profitability indicators: Economic Net present Value (ENPV) and Economic Internal Rate of Return was presented in this paper.