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Financial and environmental comparison of a wind farm and photovoltaic systems for supplying an industrial zone
Abstract
The purpose of this paper is to compare the financial and economic efficiency of a wind farm and a photovoltaic farm in order to support the decision on the most effective investment in renewable energy sources aimed at providing energy to the economic zone in southern Poland. The paper presents the application of financial-economic analyses of selected renewable energy sources (RES). The ax-ante analysis of RES was carried out based on the projected data from the sites, such as determination of wind energy potential (speed, terrain roughness) and insolation. Net present value and internal rate of return were calculated based on assumptions made about energy prices, capital expenditures and operating costs, and environmental effects in the form of avoided emissions. The results show that the profitability of RES investments depends on several factors, which are analysed in the paper in relation to the case study. Therefore, the results presented should especially inform the decision maker about the costs and benefits of both financial and economic RES installations.
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financial efficiency , renewable energy , economic efficiencyDownload files
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No. 17 (2021)
Published: 2021-12-06
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.