Saturday, December 1, 2012

Notes - Chapter 14 Summary

The following notes are taken from Wind Turbine Technology by Ahmad Hemami.
  • Value of money is not constant due to inflation and other factors
  • In order to evaluate, net income must be calculated based on full life of the project
    • reflect all income, cost, and investment
    • Future value of money dependent on interest rate and inflation
  • Profitability important for development
  • Cost of developing wind farm has high initial and operating costs
    • initial costs are the expenses that must be paid up front
      • high in comparison to other generation sources
    • operating costs paid throughout lifetime
      • annual expenses generation and delivery operations
      • smaller in comparison to other generation, no fuel
        • proper maintenance can also reduce this price
        • preventative maintenance helps ensure more evenly distributed costs

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