Objective
An economic evaluation of investment in wind power in the electricity power pool of the French overseas departments and territories was carried out. Guadeloupe Island, in the Caribbean Sea, was chosen due to its good wind potential. The economic evaluation is based on a wind speed time series (on an hour by hour basis) calculated by the CSTB at the chosen wind farm spot at Petit Francois on the eastern coast of the island. These calculations use measurements carried out by the Meteorologie Nationale at the meteorological station of La Desirade.
Based on the calculations of energy and capacity credit, the economic evaluations have been performed for different values of internal interest rates and fuel prices. The principal conclusion is that wind power investments are always profitable with the exception of a combination of high wind power penetration (15%), low fuel prices and high interest rates (7%). Taking into account only an energy credit at a 7% interest rate and a high fuel price (same as in 1985) the pay back time for 5% is 9 years and only 7 years with a capacity credit. The internal rate of return (IRR) is 15% in the first case and 18% in the second.
For other islands of the French overseas departments and territories, a preliminary analysis shows that the use of wind power would be as profitable in Martinique and in St Pierre et Miquelon as in Guadeloupe.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
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Coordinator
75272 PARIS
France
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