Authors : Abdulhamid Y Albas

Volume/Issue : Volume 9 - 2024, Issue 12 - December

Google Scholar : https://tinyurl.com/6dskpssn

Scribd : https://tinyurl.com/ykn7px6z

DOI : https://doi.org/10.5281/zenodo.14716932

Abstract : The study reported here was motivated by the growing need for renewable energy when the conventional energy supply is running low. The globe is switching to renewable energy sources for energy generation due to its benefits. In addition, wind energy is being used more and more to generate electricity because of its financial advantages. Wind is one of the many renewable energy sources available in Shahhat, Libya. At 10 and 50 meters, its typical wind speeds range from 4.23 to 5.51 meters per second and 4.95 to 6.45 meters per second, respectively. The analysis of the Techno-economic of wind farms in Shahhat of Libya was studied. These include, load determination, cycle cost, payback period, site selection, life cycle cost and environmental analysis. According to the plant's economic analysis, the wind farm will save $10601708.07 a year, with an investment cost of $65000000. The return on investment was 16.31%, the net present value turned out to be positive, the savings to investment ratio was 3.26, and the simple payback period was determined to be 6 years.

Keywords : Component; Economic Analysis; Renewable Energy; Power Generation; Wind Energy.

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