Estimation and Analysis of Wind Electricity Production Cost in Morocco

Ijjou Tizgui, Fatima El Guezar, Hassane Bouzahir and Alessandro N. Vargas
Additional contact information
Ijjou Tizgui: Laboratory of Engineering Systems and Information Technologies, National School of Applied Sciences, PO Box 1136, Ibn Zohr University, Agadir, Morocco
Fatima El Guezar: Laboratory of Engineering Systems and Information Technologies, Faculty of Sciences, PO Box 8106, Ibn Zohr University, Agadir, Morocco,
Hassane Bouzahir: Laboratory of Engineering Systems and Information Technologies, National School of Applied Sciences, PO Box 1136, Ibn Zohr University, Agadir, Morocco,
Alessandro N. Vargas: Universidade Tecnol gica Federal do Paran - UTFPR Corn lio Proc pio, Brazil.

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 3, 58-66

Abstract: The goal of this investigation is to evaluate, analyze and compare the cost of energy produced at nine wind farms in Morocco, namely Tarfaya, Fem El Oued, Essaouira, Tangier I, Haouma, Koudia al Ba da, Laayoune, Tetouan I and Tetouan II. We report the economic factors that influence the wind energy cost. Then, we give an easy and precise economic methodology to estimate it. The conducted analysis reveals that the minimum cost is attained at Koudia al Ba da park which is equal to 0.0164 /kWh. The good result is obtained also at Essaouira, Tetouan I and Fem El oued with a cost less than 0.03 /kWh. The parks where the energy cost is between 0.03 /kWh and 0.04? /kWh are Haouma, Tarfaya, Tetouan II and Tangier I. The park that generates energy with more than 0.04? /kWh is Laayoune. The sensitivity analysis reveals that for the studied wind farms, the variables which have a greatest effect on the estimated wind energy cost are the interest rate, the produced energy and the project lifetime. The estimated energy cost is not very sensitive to the variation on operation and maintenance costs. The obtained results show also that for all the studied wind farms, the obtained costs of producing one kWh of energy are less than the purchase tariff of electricity in Morocco and compare favorably with solar energy production cost in Morocco. Thus, wind energy is economically beneficial in Morocco, which is due to the important wind resources and the available concessional finance.

Keywords: Investment Cost; Operation and Maintenance Cost; Annualized Cost; Interest Rate; Capital Recovery Factor; Levelized Cost of Energy (search for similar items in EconPapers)
JEL-codes: E4 Q4 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/5993/3678 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/5993/3678 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-03-9

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().