Advanced Engineering Economics
It is socially desirable to invest in alternative energy production. As investors, it is also important that any green energy project be cost effective. This project will investigate the economic feasibility of constructing a community wind power generation project in Oregon. The technology is readily available, but it is necessary to analyze all the costs of the community wind project from conception and design, through operations and maintenance and finally end of life and salvage. We will analyze the system costs and benefits through a 20 year study lifetime to evaluate if the capital investment can be offset by the income from energy production and tax benefits. The goal is to find a positive net present value for the study life of the project with a rate of return that is greater than the minimum attractive rate of return (MARR).
Sheikh, Nasir; Bourque, Greg; Al Zamil, Ziyad; Vosper, Andy; and Eshghi, Shahrokh, "Community Wind: Feasibility Study" (2011). Engineering and Technology Management Student Projects. 692.