Wind Power Integration and Challenges in Low Wind Zones. A Study Case: Albania

Abstract

High wind performance systems are influenced by many factors such as site wind resources and configuration, technical wind turbine features and many financial conditions. Scenario planning and modelling activities often focus on restricted parameters and numbers to justify wind power plant performance. To better understand possible pathways to scaling up the distributed wind market in Albania, a deep and multidimensional calculations based on Monte Carlo analysis, using RETScreen and wind JEDI model, to assess socio-economic impact as a function of turbine output power, operating and maintenance cost and many other financial inputs by testing different WT (i.e., VESTAS, GAMESA, W2E and NORDEX) with rated power from 3.45 MW up to 4.5MW applied on LCOE, NPV, SPP, equity payback, B-C, after-tax IRR on equity and effects of GHG credits extended at a sensitivity range of ±35% is scientifically performed. From the simulation results LCOE reaches a minimal value of €43.48/MWh, if the debt rate is 99 % and a debt interest rate of 5.0%, a TotCapEx of €828/MW (-35 % less expenditures) indexed as the best scenario. For the base case scenario LCOE results €62.79/MWh, when applying a debt rate of 80% and a TotCapEx of (€1274/MW), while in the worst-case scenario LCOE impart a maximal value of €87.63/MWh if a TotCapEx of €1720/MW (+35 % more expenditures) and a share of 52 % debt rate is applied. Local annual economic impact (m€) during construction period and operating period evaluated in the wind JEDI model result around m€ 89.92 and m€ 23.54, respectively. As a conclusion, wind power plants (WPP), installed in low wind zones (Albania and many other EU countries) would be of interest if an electricity export rate of 110€/MWh, and a GHG credit rate of €50/tCO2 were accepted.