An Economic Analysis on the Viability of Harnessing Wind Energy for Power Generation in Kaduna State, Nigeria
Science Journal of Energy Engineering
Volume 5, Issue 5, October 2017, Pages: 124-129
Received: Apr. 7, 2017; Accepted: Apr. 20, 2017; Published: Nov. 8, 2017
Views 2103      Downloads 73
Authors
Onwumere Michael, Department of Physics, Kaduna State University, Kaduna, Nigeria
Dogara Matoh Dary, Department of Physics, Kaduna State University, Kaduna, Nigeria
Aboh Hycinth, Department of Physics, Kaduna State University, Kaduna, Nigeria
Gyuk Philip, Department of Physics, Kaduna State University, Kaduna, Nigeria
Akutson Seth, Department of Economics, Kaduna State University, Kaduna, Nigeria
Akuso Jonah, Department of Economics, Kaduna State University, Kaduna, Nigeria
Article Tools
Follow on us
Abstract
This paper presents an economic analysis on the viability of harnessing wind power for power generation in Kaduna State, based on wind data analysis of Kaduna and Zaria. The available wind power density of both Kaduna and Zaria of 246.69 W/m2 and 296.76 W/m2 respectively shows that Kaduna and Zaria can harness wind power for power generation at utility scale. How economical this would be in the long run is what this paper seeks to analyse. The one-time cost of planting a 300MW capacity wind turbines in either Kaduna or Zaria was found to be $716,680,000, which does not include the annual variable costs of $17,927,750.2. With the assumption that capital would be loaned from a bank at 7% interest to pay back in 30 years, the annual capital payment is estimated to be $57,754,663.67. Considering capacity factor, line losses, and a total annual costs of $90,121,079.79, the average cost of electricity per kWh was estimated as $0.0909.
Keywords
Economics of Wind Energy, Weibull Distribution and Parameters, Power Density
To cite this article
Onwumere Michael, Dogara Matoh Dary, Aboh Hycinth, Gyuk Philip, Akutson Seth, Akuso Jonah, An Economic Analysis on the Viability of Harnessing Wind Energy for Power Generation in Kaduna State, Nigeria, Science Journal of Energy Engineering. Vol. 5, No. 5, 2017, pp. 124-129. doi: 10.11648/j.sjee.20170505.12
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
References
[1]
Onwumere, M. K. O. (2016): Exploitation Of Wind Energy for Power Generation in Kaduna State. MSc. Thesis. Kaduna State University.
[2]
Ohunakin, O. S. (2010): Energy Utilization and renewable energy source in Nigeria. Journal of Engineering and Applied Science 5 (2), 171-177.
[3]
Dogara M. D., Aboh H. O., Gyuk P. M., and Onwumere M. K. O. (2016): The Use Of Energy Pattern Factor (EPF) in Estimating Wind Power Density. World Science Journal.
[4]
Justus, C. G., Hargraves, W. R. and Mikhail, A. (1976): Height variation of Wind Speed and Wind Distribution Statistics. Geophys Res Lett, 3, pp.261-4.
[5]
Hennessey, J. R. (1977): Some Aspects of Wind Power Statistics. Journal of Applied Meteorology. 16(2), pp. 119-128
[6]
Waewsak, J., Chancham, C., Landry, M., and Gagnon, Y (2011): An Analysis of Wind Speed Distribution at Thasala, Nakhon Si Thammarat, Thailand. Journal of Sustainable Energy & Environment, 2, pp. 51-55.
[7]
NREL (National Renewable Energy Laboratory). (2006): Wind Farm Area Calculator, Power Technologies Energy Data Book. Retrieved from: http://www.nrel.gov/analysis/power_ databook/calc_wind.php
[8]
Xie, T., Pejnovic, N., Lees, A. F., and Ewing, E. (2008): Wind Energy: A Thorough Examination of Economic Viability. Energy and Energy Policy. University of Chicago. Retrieved from: http://franke.uchicago.edu/bp-energy
[9]
Trading Economics (2017): Nigerian Inflation Rate 1996-2017. Retrieved from http://tradingeconomics.com/nigeria/inflation-cpi
[10]
Ragheb, M (2017): Economics of Wind Energy. Retrieved from: http://mragheb.com/economicsofwindenergy.pdf
[11]
Wiser, Ryan., Jenni, Karen., Seel, Joachim., Baker, Erin., Hand, Maureen., Lautz, Eric., and Smith, Aaron (2016): Expert Elicitation Survey on Future Wind Energy Costs. Nature Energy Journal 1. 16135(2016)
[12]
IRENA (International Renewable Energy Agency) 2015: Renewable Energy Integration in Power Grids. Technology Brief Retrieved from: http://irena.org/DocumentDownloads/Publications/IRENAETSAP_Tech_Brief_Power_Grid_Integration_2015.pdf
[13]
Wiser, Ryan and Edward Kahn 1996. “Alternative Wind Power Ownership Structures: Financing Terms and Project Costs.” Retrieved from: http://eetd.lbl.gov/EA/EMP/reports/38921.pdf.
[14]
Andrew Mills., Ryan Wiser., and Kelvin Porter (2009): The Cost of Transmission for Wind Energy: A Review of Transmission Planning Studies. Environmental Energy Technologies Division. Retrieved from: http://eetd.lbl.gov/EA/EMP
[15]
Bahrman, M. (2006): Economics of Mine-Mouth Generations with HVDC Transmission Relative to Coal Transport. ABB Grid Systems.
[16]
OVO Energy (2011): Average Electricity Prices around the World: $/kWh Retrieved from: https://www.ovoenergy.com/guides/energy-guides/average-electricity-prices-kwh.html
ADDRESS
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
U.S.A.
Tel: (001)347-983-5186