Wind energy economy
Solution type: Implemented
Generation of up-to-date knowledge regarding Danish wind turbine economy trends
Funded project: EUDP/ERP
The project aims to generate up-to-date knowledge on the trend in Danish wind turbine economy for use in an IEA project on ‘Cost of Wind Energy’. Against the background of reliable operational data and analyses of project development costs, learning curves and scenarios will be set up for the technological and economic development.
Project manager:
EMD International
Participants:
Risø-DTU
DTU Management Engineering
EA Energy Analyses
Danish Wind Industry Association
Danish Wind Turbine Owners’ Association
Budget:
ERP: DKK 2,285,000
Total budget: DKK 1,726,000
Completion:
4th quarter 2009
Technical Specifications
Results:
The project endeavoured to calculate electricity generation costs in modern onshore wind turbines. At average operating costs of DKK 0.08/0.10/kWh, production costs per kWh can be calculated at DKK 0.33/0.56, depending on local wind conditions at the site for a private investor aiming at a repayment period of 10 years. A socio-economic calculation with a repayment period of 20 years, corresponding to the expected lifetime of a wind turbine, shows a spread of DKK 0.23 and 0.38. In comparison, the kWh price from Rødsand II is DKK 0.629. (Energy 10)