Evaluation of economic benefits and health hazards of small wind turbines: Case study of Latvia

Solvita Klavina-Makrecka (Coresponding Author), Aivo Jasevičs, Laila Zemite

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The article analyzes the investment profitability of wind turbine installation for households, evaluating several cases. These calculations were based on the hourly electricity consumption of Latvian users and NordPool electricity prices. In the article, calculations are made for economic criteria - net present value (NPV), profitability index (PI), payback time, levelized cost of energy (LCOE) and internal rate of return. The result is data that helps to understand the situation in the household if they choose to install wind turbines and whether they need support mechanisms. Legislators can work with the data to improve support mechanisms. In addition, the impact of wind generators on human health is being assessed.

Original languageEnglish
Title of host publication21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings
EditorsZbigniew M. Leonowicz
Place of PublicationPiscataway
PublisherInstitute of Electrical and Electronics Engineers Inc.
Number of pages6
ISBN (Electronic)9781665436120
DOIs
Publication statusPublished - 2021
Event21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - online, Bari, Italy
Duration: 7 Sep 202110 Sep 2021
https://www.ieee-pes.org/meetings-and-conferences/conference-calendar/monthly-view/166-technically-cosponsored-by-pes/1007-2021-ieee-international-conference-on-environment-and-electrical-engineering-and-2021-ieee-industrial-and-commercial-power-systems-europe-eeeic-i-cps-europe
https://ieeexplore.ieee.org/stamp/stamp.jsp?arnumber=9584561

Publication series

Name21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021 - Proceedings

Conference

Conference21st IEEE International Conference on Environment and Electrical Engineering and 2021 5th IEEE Industrial and Commercial Power System Europe, EEEIC / I and CPS Europe 2021
Country/TerritoryItaly
CityBari
Period7/09/2110/09/21
Internet address

Keywords*

  • health hazards
  • net present value
  • payback time
  • wind turbines

Field of Science*

  • 2.2 Electrical engineering, Electronic engineering, Information engineering

Publication Type*

  • 3.1. Articles or chapters in proceedings/scientific books indexed in Web of Science and/or Scopus database

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