Economic Valuation of Electrical Wind Energy in Egypt Based on Levelized Cost of Energy

Montaser Abd El Sattar, Wessam Arafa Hafez, Adel A. Elbaset, Ali H. Kasem Alaboudy

Abstract


Due to the increasing demand for electricity, Egypt as a nation of limited fossil fuels resources needs to diversify power generation portfolio by integrating renewable energy resources. In fact, wind energy has a great potential due to its economic efficiency as demonstrated by Egypt's wind atlas. This paper presents an overview of the feasibility of having wind power plants at several windy regions in Egypt, along the Gulf of Suez, both sides of the Nile, Mediterranean Sea and South Upper Egypt. This was investigated based on huge historical wind speed measurements taken at a height of 50 m over 20 and 30 years. Electricity cost values are computed based on the levelized cost of energy for the electrical power generation from different wind turbines at three scattered regions. The research results would offer objective guidelines for energy policymakers and utility operators to consider energy portfolios that are more economically feasible.


Keywords


Renewable Energy; Wind Energy; Cost Analysis; Economic Levelized Cost of Energy (LCOE); Electricity Generation Costs

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DOI (PDF): https://doi.org/10.20508/ijrer.v10i4.11463.g8079

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