Economic and environmental evaluation of renewable energy systems


Autoria(s): Kunwor, Anil
Data(s)

01/12/2015

01/12/2015

2015

Resumo

The main objective of this thesis is to evaluate the economic and environmental effectiveness of three different renewable energy systems: solar PV, wind energy and biomass energy systems. Financial methods such as Internal Rate of Return (IRR) and Modified Internal Rate of Return (MIRR) were used to evaluate economic competitiveness. Seasonal variability in power generation capability of different renewable systems were also taken into consideration. In order to evaluate the environmental effectiveness of different energy systems, default values in GaBi software were taken by defining the functional unit as 1kWh. The results show that solar PV systems are difficult to justify both in economic as well as environmental grounds. Wind energy performs better in both economic and environmental grounds and has the capability to compete with conventional energy systems. Biomass energy systems exhibit environmental and economic performance at the middle level. In each of these systems, results vary.

Identificador

http://www.doria.fi/handle/10024/117813

URN:NBN:fi-fe2015120121402

Idioma(s)

en

Palavras-Chave #renewable energy systems #PV systems #wind energy systems #biomass energy #economic evaluation #environmental evaluation #IRR #MIRR
Tipo

Master's thesis

Diplomityö