Assessment of windfarm economics in relation to site wind resources applied to sites in Jordan

Abstract

This paper describes an analytical method for estimation of the economical feasibility of a project for wind energy utilization in Jordan. The method is applied to a windfarm and is based on the wind speed distribution at the site considered and on the financial parameters for the complete plant and its running costs. For this method, equations were derived to calculate the cost of a kWh generated by wind turbines with different characteristics as a function of the capital investment per kW installed capacity. The method was applied to the sites at which Royal Scientific Society performs wind speed measurements, and the results indicate that some of these sites are well suited for cost efficient generation of electricity by wind energy. The results also show that a wind tribine which is designed to have a relatively low rated speed has a wider range of economical operation than a wind turbine with a higher rated speed for the sites investigated assuming that the maximum rated power for all for the wind turbines is held constant.