George C. Bakos
Democritus University of Thrace, Dept. of Electrical and Computer Engineering, Xanthi, Greece
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http://dx.doi.org/10.3384/ecp110574128Published in: World Renewable Energy Congress - Sweden; 8-13 May; 2011; Linköping; Sweden
Linköping Electronic Conference Proceedings 57:11, p. 4128-4135
Published: 2011-11-03
ISBN: 978-91-7393-070-3
ISSN: 1650-3686 (print), 1650-3740 (online)
Wind energy has the advantage of being a priority sector of the Greek government. Greece has a considerable potential for electricity generation from wind not only in the island area but also in mainland. This paper deals with the current status of wind energy in Greece and the presentation of technical and economical feasibility of a 6.6MW wind farm applied to a potential wind farm site located in Greek mainland (Rentina-Karditsa). Wind speed; prevailing wind direction and temperature measurements are performed for a period of one (1) year (from 11/5/2009 to 11/5/2010). For economic consideration two different technological scenarios based on capacity factor (CF) are investigated and compared with respect to net present value (NPV); internal rate of return (IRR) and payback period (PBP) criteria. The profitability analysis shows that larger installed capacity with larger rated power wind turbines present higher IRR of the investment. The sensitivity analysis backs up the findings.
Renewable energy; Wind energy; Wind farm techno-economic assessment; RES legislation
