Wind Energy in Egypt: Economic Feasibility for Cairo
Yasmina Hamouda ()
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Yasmina Hamouda: Faculty of Management Technology, The German University in Cairo
No 25, Working Papers from The German University in Cairo, Faculty of Management Technology
Motivated by the rise of the electricity tariffs applied on industrial customer and the frequent electricity cut offs recently experienced in Egypt, this paper assesses the economic feasibility of installing a stand alone wind energy technology by an industrial customer who seeks to reduce his dependency on the national grid. For this purpose, the wind energy potential at the wind regime of Cairo was chosen to be assessed using half an hour wind speed data for a full one-year period (2009). The Weibull parameters of the wind speed distribution function were estimated by employing the maximum likelihood approach. The estimation revealed that Cairo has poor wind resources. Despite the poor resources, the financial analysis has shown that under certain parameters the wind project can prove to be financially viable. Thus harnessing wind energy through stand alone systems can help in meeting the industries electric power needs.
Keywords: Renewable energy; wind resources; Weibull distribution; electricity (search for similar items in EconPapers)
JEL-codes: N77 O22 Q42 (search for similar items in EconPapers)
Pages: 31 pages
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-ene
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http://mgt.guc.edu.eg/wpapers/025Hamouda2011.pdf First version, 2011 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:guc:wpaper:25
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