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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