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A systematic techno-economic assessment of a WEC system installation for low-cost electrification of a habitable dwelling

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  • Bakos, G. C.

Abstract

This paper deals with the technical feasibility and economic viability of a grid connected wind-energy conversion system (WECS) used to cover the energy demand of an average habitable dwelling. The various parts of the wind-energy system are described and the useful electrical energy production is determined using a simulation program based on the Monte Carlo method. An economic analysis of the WEC system is performed using a computerized assessment tool. Important financial indices are calculated and financial scenarios investigated.

Suggested Citation

  • Bakos, G. C., 2002. "A systematic techno-economic assessment of a WEC system installation for low-cost electrification of a habitable dwelling," Applied Energy, Elsevier, vol. 72(3-4), pages 609-619, July.
    • Handle: RePEc:eee:appene:v:72:y:2002:i:3-4:p:609-619
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    Cited by:

    1. Li, Changsheng & Wang, Haiyu & Miao, Hong & Ye, Bin, 2017. "The economic and social performance of integrated photovoltaic and agricultural greenhouses systems: Case study in China," Applied Energy, Elsevier, vol. 190(C), pages 204-212.
    2. Chong, W.T. & Naghavi, M.S. & Poh, S.C. & Mahlia, T.M.I. & Pan, K.C., 2011. "Techno-economic analysis of a wind–solar hybrid renewable energy system with rainwater collection feature for urban high-rise application," Applied Energy, Elsevier, vol. 88(11), pages 4067-4077.

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