Group 3 Problems-Technical Support and Sales 5. (16 pts) Define the levelized cost of electricity LCOE. How is it used for comparing different systems? Rank the following systems and provide an estimate of the levelized cost of energy $/kW-h. Nuclear, Conventional Coal fired electric plant, Wind farm, solar farm, 6. (30 pts) For Wind Turbine 1,200 kW (1.2 MW) Capacity factor 0.27 Total Cost $1,000,000 ($600K-Turbine$400 Install. O& M = 15,000/year. Assume 8760 hours/year Req. 6a (15pts) Calculate the levelized cost of electricity (LCOE) $kWh for i) n = 15 1 = 5 % 6b (15 pts) Calculate the levelized cost of electricity (LCOE) $kWh for i ii) 20 years I 5 % Table 1.A 15 yr Discount Factor (D) for each year. N 15, I 5 % Yr 1 2 3 4 6 7 8 10 11 12 13 14 .907 1.0 952 864 823 784 746 .711 .677 .645 .614 585 530 557 505 Table 1. B 20 Yr Discount Factor (D)for each year N-20, 1-5% 5 6 Yr 0 1 2 7 8 10 13 14 11 12 .864 823 784 .746 952 .711 .677 907 645 614 530 505 1.0 585 557 18 19 16 17 15 Yr 0.481 0.396 0.416 0.458 0.436 Discuss how the length of time N effects the LCOE? nver y actor + Group 3 Problems-Technical Support and Sales 5. (16 pts) Define the levelized cost of electricity LCOE. How is it used for comparing different systems? Rank the following systems and provide an estimate of the levelized cost of energy $/kW-h. Nuclear, Conventional Coal fired electric plant, Wind farm, solar farm, 6. (30 pts) For Wind Turbine 1,200 kW (1.2 MW) Capacity factor 0.27 Total Cost $1,000,000 ($600K-Turbine$400 Install. O& M = 15,000/year. Assume 8760 hours/year Req. 6a (15pts) Calculate the levelized cost of electricity (LCOE) $kWh for i) n = 15 1 = 5 % 6b (15 pts) Calculate the levelized cost of electricity (LCOE) $kWh for i ii) 20 years I 5 % Table 1.A 15 yr Discount Factor (D) for each year. N 15, I 5 % Yr 1 2 3 4 6 7 8 10 11 12 13 14 .907 1.0 952 864 823 784 746 .711 .677 .645 .614 585 530 557 505 Table 1. B 20 Yr Discount Factor (D)for each year N-20, 1-5% 5 6 Yr 0 1 2 7 8 10 13 14 11 12 .864 823 784 .746 952 .711 .677 907 645 614 530 505 1.0 585 557 18 19 16 17 15 Yr 0.481 0.396 0.416 0.458 0.436 Discuss how the length of time N effects the LCOE? nver y actor +