Wind Energy Cost of Energy (COE) Calculation

Calculates the Levelized Cost of Energy (COE) for a wind energy project. The COE is a metric used to determine the cost of producing one kWh

Calculating the Levelized Cost of Energy (COE) for a wind energy project using the provided data.

The total_installed_cost variable represents the total cost of installing the wind turbine in USD.

The annual_energy_yield variable represents the total energy production of the wind turbine in kilowatt-hours (kWh) over one year. This value can be obtained from previous examples or replaced with the actual annual energy yield of the wind turbine.

The om_cost_percentage variable represents the O&M cost as a percentage of the total installed cost. In this example, it is set to 2%, but it can be adjusted based on the specific project's O&M expenses.

The Levelized Cost of Energy (COE) is calculated using the formula: COE = (Total Installed Cost / (Annual Energy Yield / 1000)) + (O&M Cost Percentage / 100) * Total Installed Cost

The first part of the formula calculates the cost per kWh based on the total installed cost and annual energy production. The annual energy yield is divided by 1000 to convert it to kilowatt-hours.

The second part of the formula adds the O&M cost to the cost per kWh. The O&M cost is calculated as a percentage of the total installed cost.

The resulting COE value represents the average cost of producing one kWh of electricity over the lifetime of the wind energy project.