How can i modified this code to calculate lcoe base on this wind parameters?

Wasiu OLALEKAN Idris @Wasiu-Idris

28 July 2024 5 2K Report

CAPEX ESTIMATION (KUSD)

% CAPEX OF WIND TURBINE

USD = 1000; Pwt = 400; dp = 30; Nwt = 50; Lcc = 10620; Acc = 6691; Loffs = 10; Lonsh = 2;

CAPwt = 1497.9 * Pwt^0.87; T = 20; WACC = 0.10;

% CAPEX OF BUILDING

CAbui = (0.9181 * dp^2 - 31.43 * dp + 747.4) * 1.09 * Pwt;

% CAPEX OF PROJECT MANAGEMENT

CApm = 130.82 * Pwt;

% CAPEX OF SUPERVISORY CONTROL AND DATA ACQUISITION

CAscda = 555.1 * Nwt;

% CAPEX OF ACQUISITION OF WIND POWER CONNECTION CABLES

CAawpc = ((4.26 * 10^-4 * Acc) + (2.324 * 10^-1)) * 1.09 * Lcc;

% INSTALLATION OF WIND POWER CONNECTION CABLES

CAiwpc = ((-2.2684 * 10^-3 * Nwt) + (3.8018 * 10^-1)) * 1.09 * Lcc;

% ACQUISITION OF OFFSHORE TRANSMISSION CABLES

CAaotc = ((3.3565 * 10^-3 * Pwt) + (8.3872 * 10^-2)) * Loffs * 1.09;

% CAPEX OF INSTALLATION OF OFFSHORE TRANSMISSION CABLES

CAiotc = ((-6.318 * 10^-4 * Pwt) + (3.8125 * 10^-1)) * 1.09 * Loffs;

% CAPEX OF ACQUISITION OF ONSHORE TRANSMISSION CABLES

CAaontc = ((-3.3565 * 10^-3 * Pwt) + (8.3872 * 10^-2)) * 0.27 * Lonsh;

% CAPEX OF INSTALLATION OF ONSHORE TRANSMISSION CABLES

CAiontc = 0.578 * Lonsh;

% Total CAPEX

CApexT = (CAPwt + CAbui + CApm + CAscda + CAawpc + CAiwpc + CAaotc + CAiotc + CAaontc + CAiontc);

CAXNEW = CApexT - 0.2 * CApexT;

% OPEX

Dexex = 0.003 * CApexT;

% TOTAL CAPEX IN NAIRA

CApexTN = CApexT * USD * 10^3;

% TOTAL OPEX AND DEXEX IN NAIRA

DexexN = Dexex * USD * 10^3;

Opex = 0.035 * CApexT;

OpexN = Opex * USD * 10^3;

n = 20; Rb = 10; AEPv = 28298304; Civ = 668860000; Cdex = 2006600; Cpex = 23410000;

% Calculate LCOE

AEP = 28298304;

lcoe = calculate_lcoe(CAXNEW, Opex, WACC, AEP, T);

% Display the LCOE

disp(['The LCOE is ', num2str(lcoe), ' currency units per kWh']);

% Function definition

function lcoe = calculate_lcoe(CAXNEW, Opex, WACC, AEP, T)

% Calculate the numerator of the LCOE formula

numerator = CAXNEW;

for t = 1:T

numerator = numerator + Opex / (1 + WACC)^t;

end

% Calculate the denominator of the LCOE formula

denominator = 0;

for t = 1:T

denominator = denominator + AEP / (1 + WACC)^t;

end

% Calculate the LCOE

lcoe = numerator / denominator;

end

Chuck A Arize

To calculate the Levelized Cost of Energy (LCOE) based on wind parameters, you can modify your code to include the relevant wind energy inputs such as capital costs, operational costs, capacity factor, and discount rate. Here’s a brief outline of how you can adjust your code:

Define Input Parameters:Capital cost (CapEx) Annual operational cost (OpEx) Capacity factor (CF) Discount rate (r) Lifetime of the project (n years) Annual energy production (AEP)

Calculate Annual Energy Production:AEP=Capacity×Capacity Factor×8760\text{AEP} = \text{Capacity} \times \text{Capacity Factor} \times 8760AEP=Capacity×Capacity Factor×8760

Calculate LCOE:Use the formula: LCOE=∑t=0nIt+Ot(1+r)t∑t=1nEt(1+r)t\text{LCOE} = \frac{\sum_{t=0}^{n} \frac{I_t + O_t}{(1+r)^t}}{\sum_{t=1}^{n} \frac{E_t}{(1+r)^t}}LCOE=∑t=1n(1+r)tEt∑t=0n(1+r)tIt+Otwhere ItI_tIt is the investment cost, OtO_tOt is the operational cost, and EtE_tEt is the energy production at time ttt.

Wasiu OLALEKAN Idris

Chuck A Arize the code is not adaptable to matlab but you can give me the original equation for this lcoe. then i will formulate the code. Thanks for your support

You are welcome

Here

Thanks Prof. May God bless you more

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