Energies | |
Levelized Cost of Energy Analysis of a Wind Power Generation System at Búrfell in Iceland | |
Birgir Freyr Ragnarsson1  Gudmundur V. Oddsson1  Runar Unnthorsson1  Birgir Hrafnkelsson2  | |
[1] Faculty of Industrial Engineering, Mechanical Engineering and Computer Science, Centre for Productivity, Performance and Processes, University of Iceland, Hjardarhagi 6, Reykjavik 107, Iceland; E-Mails:;Department of Mathematics, Faculty of Physical Sciences, University of Iceland, Reykjavik 107, Iceland; E-Mail: | |
关键词: wind energy; levelized cost of energy (LCOE); annual energy production (AEP); modified Weibull; Iceland; | |
DOI : 10.3390/en8099464 | |
来源: mdpi | |
【 摘 要 】
Wind energy harnessing is a new energy production alternative in Iceland. Current installed wind power in Iceland sums to 1.8 MW, which in contrast is 0.1% of the country’s total electricity production. This article is dedicated to the exploration of the potential cost of wind energy production at Búrfell in the south of Iceland. A levelized cost of energy (LCOE) approach was applied to the estimation of the potential cost. Weibull simulation is used to simulate wind data for calculations. A confirmation of the power law is done by comparing real data to calculated values. A modified Weibull simulation is verified by comparing results with actual on-site test wind turbines. A wind farm of 99 MW is suggested for the site. Key results were the capacity factor (CF) at Búrfell being 38.15% on average and that the LCOE for wind energy was estimated as 0.087–0.088 USD/kWh (assuming 10% weighted average cost of capital (WACC)), which classifies Búrfell among the lowest LCOE sites for wind energy in Europe.
【 授权许可】
CC BY
© 2015 by the authors; licensee MDPI, Basel, Switzerland.
【 预 览 】
Files | Size | Format | View |
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RO202003190006946ZK.pdf | 5473KB | download |