Abstract
This paper presents a methodology to optimize the size (electric power) of a cogeneration plant based on a biomass-fired Organic Rankine Cycle and connected to an existing district heating network, maximizing profitability. First, a model to determine the hourly thermal energy demand profile of a location in Spain has been derived, from open access meteorological data included in Spanish building regulations. Partial load model of an organic Rankine plant has also been obtained to increase the operation hours. These tools have been applied to two locations in Spain with different climatic severities, calculating the optimal size of the plant. The business model does not include subsidies. Calculations show that for population between 10,000 and 20,000 inhabitants the size of the plant ranges from 2 to 9 MWe and the internal rate of return ranges from 6% to 18%. The coverage of the thermal energy demand ranges from 40% to 80%. Regarding the trigeneration mode, it is concluded that cooling is only worth in locations with high summer severity and in full load operation mode, being the optimal size of the plant smaller in trigeneration mode than in cogeneration.
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