Research Article
Wind Energy Development in India and a Methodology for Evaluating Performance of Wind Farm Clusters
Table 3
Comparison of the wind farms based on economic performance indicators (IEcP).
| | Sl. number | Parameters | Location of wind farm | | Chikkodi | Saundatti | Belagavi | Raibag |
| | 1 | Turnover ratio | | 7.8 (1.0) | 10.84 (2.60) | 8.9 (1.58) | | 2 | Internal rate of return (IRR, %) | 14.67 (1.0) | 14.97 (1.68) | 15.59 (3.08) | 16.44 (5.0) | | 3 | Payback period (PBP, in years) | 6.03 (5.0) | 5.68 (2.41) | 5.7 (2.56) | 5.49 (1.0) | | 4 | Labour productivity | 870.99 (5.0) | 699.47 (2.87) | 548.56 (1.0) | 577.23 (1.23) | | 5 | Maintenance charges (crores of Rs.) | 4.97 (3.08) | 5.74 (1.05) | 5.76 (1.0) | 4.24 (5.0) | | 6 | Site factor (wind speed distribution) | V. high (5.0) | High (4.0) | Med. (3.0) | Med. (3.0) | | 7 | Variation in annual energy output | High (4.0) | High (4.0) | High (4.0) | High (4.0) | | 8 | Feed in tariffs (FIT) | V. high (5.0) | High (4.0) | Med. (3.0) | Med. (3.0) | | 9 | Situations favorable for repowering | Medium (3.0) | Low (2.0) | V. low (1.0) | Low (2.0) | | 10 | Accessibility to the wind cluster | High (4.0) | Low (2.0) | Medium (3.0) | Low (2.0) |
| | | Total (score × weight of IEcP) | 6.53 | 4.08 | 3.98 | 4.53 |
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: the number inside the parentheses indicates converted parameter on a 1–5 scale.
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