Abstract
There continues to be significant attention and investment in wind power generation, which can supply a high percentage of the global demand for renewable energy if harvested efficiently. The research study is based on a techno-economic analysis of the feasibility of implementing wind power generation in Kuwait for 105 MW of electricity generation based on 50 wind turbines, which is a major requirement for clean energy. The study focused on three main areas of analysis and numerical modelling using the RETScreen software tool. The first area involved evaluating the performance and efficacy of generating wind power by collecting, analysing, and modelling data on observed wind levels, wind turbine operation, and wind power generation. The second area comprised an environmental impact report to assess the environmental benefits of implementing wind power. The third area involved economic analysis of installing wind power in Kuwait. The analysis was undertaken to determine the energy recovery time for wind energy and determine the mitigation of global warming and pollution levels, the decrease of toxic emissions, and any cost savings from implementing clean energy systems in Kuwait. Additionally, sensitivity analysis was undertaken to determine the impact of certain variables in the modelling process. The results were used to estimate that the energy price would be $0.053 per kWh for a power generation capacity of 105 MWh based on an initial cost of US $168 million and O&M of $5 million for 214,000 MWh of electricity exported to the grid. Moreover, the wind turbine farm will potentially avoid the emission of approximately 1.8 million t of carbon dioxide per year, thereby saving about $9 million over 20 years spent through installing carbon capture systems for conventional power plants. The wind farm is estimated to have a payback time of 9.1 years.
Highlights
Economic and industrial development can be gauged by knowing how much energy a country produces [1]
The first part of the model includes four categories: Site selection; mathematical modelling; choosing a proper wind turbine and collecting turbine specifications; and acquiring the information needed for financial analysis, which includes annual interest rate, greenhouse gasses (GHG) reduction credit rate, electricity export rate, installation costs, the cost for the land, operation and maintenance costs, and electricity exporting to the grid expenses
The first part of the model includes four categories: Site selection; mathematical modelling; choosing a proper wind turbine and collecting turbine specifications; and acquiring the information needed for financial analysis, which includes annual interest rate, GHG reduction credit rate, electricity export rate, 20 installation costs, the cost for the land, operation and maintenance costs, and electricity exporting to the grid expenses
Summary
Economic and industrial development can be gauged by knowing how much energy a country produces [1]. There are currently economic and environmental advantages to reducing energy dependence and the negative consequences of traditional energy sources, including gasoline, natural gas, and coal, by adopting renewable energies, including wind, solar, biofuels, oceanic and tidal energy [2,3]. In a number of countries, electricity production is increasingly becoming dependent on wind energy, which is one of the most well-known kinds of renewable energy available to nations. This renewable energy source has much potential, and wind power production will likely increase significantly in the future. The use of renewable energy has been encouraged in a variety of ways by governments around
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