Renewable energy sources have become very popular in the last years in
electricity generation thanks to the technological developments, the increase in the price
of fossil fuels and the environmental concerns. These factors have also prompted Turkey
to utilize her very rich renewable energy sources to meet the demand increasing around
7% annually. In this study, solar and wind energy potential of Turkey is analyzed in
terms of its economics to find out whether these sources are real alternatives to fossil
fuels in electricity generation. Before this analysis, wind and solar energy technologies
and costs and wind and solar energy potential of Turkey are discussed. Then, models are
set up for five technologies which are onshore wind, offshore wind, solar PV, solar
trough and solar tower technologies models to calculate cash flows which are used to
calculate payback, NPV, IRR, LCE and shut-down price to conduct economic analysis. In
addition to base case scenario, uncertainty analysis is done for the most promising
technologies which are onshore wind and solar tower technologies by evaluating NPV
and LCE under uncertain environment. The main finding of these analyses is that only
onshore wind projects are attractive in Turkey; none of other technologies is attractive.
However, with a minor increase in the regulated price for solar thermal electricity, tower
plant projects will also be attractive. / text
| Identifer | oai:union.ndltd.org:UTEXAS/oai:repositories.lib.utexas.edu:2152/ETD-UT-2011-05-2993 |
| Date | 13 July 2011 |
| Creators | Erturk, Mehmet |
| Source Sets | University of Texas |
| Language | English |
| Detected Language | English |
| Type | thesis |
| Format | application/pdf |
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