ESRU

Financial Spreadsheet Results & Analysis

Taking V adjusted at optimum KT, it is possible to evaluate using the financial model spreadsheet what the cost per kWh at this value would be. This should give us an idea of costings for a particular size of MCT farm.

The financial model allows the user to specify the number of turbines in the farm and will calculate the resultant values for Energy cost per kWh. This will be crucial in determining whether the proposed farm can compete with the prices of both conventional and other renewable forms of generation at that time.

The results for cost per kWh evaluated for both a medium and a large sized MCT farm and applied to both channels are shown below:

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Conclusions & Future Work

It is evident that in order to reduce the cost of energy significantly a large number of MCT’s will be required.

This model is primary intended for cost/ kWh analysis and a basic level of cost-benefit analysis, annual cost estimates, and break-even analysis for investors.

Further development however would include a more complex cost-benefit approach which would include depreciation on capital and equipment, pre and post tax values.

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