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Economic assessment of small-scale electricity generation from wind

Analysis was done to determine if small-scale wind energy could be
economically feasible on a cotton farm with 1,200 irrigated acres, a house, and a barn.
Lubbock and Midland were locations chosen for this model farm and the twenty-year
analysis. A 10 kW wind turbine on a 30m tower was installed and five different
scenarios were calculated for both locations.
Wind speeds for both locations were collected and analyzed to find the closest
fitting distribution to incorporate the appropriate risk. This distribution was the
empirical distribution at both locations every month except December in Lubbock,
which closely matched the Gamma distribution. Electricity production, usage and costs
were analyzed to find the net present value of the investment.
The economic analysis of this system showed that the wind turbine under all
situations was much less economical than purchasing electricity solely from the electric
company. Small-scale wind energy produced under thesis assumptions was over
$10,000 more expensive than traditional electricity in Lubbock and Midland over the
twenty year planning horizon.

Identiferoai:union.ndltd.org:tamu.edu/oai:repository.tamu.edu:1969.1/5852
Date17 September 2007
CreatorsMcAllister, Kristen Dawn
ContributorsOutlaw, Joe L.
PublisherTexas A&M University
Source SetsTexas A and M University
Languageen_US
Detected LanguageEnglish
TypeBook, Thesis, Electronic Thesis, text
Format351327 bytes, electronic, application/pdf, born digital

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