Get Real! wrote:georgios100 wrote:I was involved in a couple of renewable energy projects in the Dominican Republic. The selection of the location is based on wind resources for best results. The estimated KW production is very accurate. Payback is usually 20 years.
Isn't that roughly the time when you need to replace all the wind mills?
Usually the windmills are replaced every 20-25 years depending on the condition of the equipment. The old ones are sold to 3rd world countries, refurbished, to off set the initial investment.
The gain is the clean electricity produced in the years of operation with perhaps some profit, if the wind site is over 7ms (above average wind resources). In this case, the payback is 16-18 years. As the oil prices rise, wind power becomes less expensive to operate and much more profitable.
Bear in mind, the lifetime of other power generating plants is less than wind turbines plus the maintenance cost is higher ie coal fired or diesel prime movers. Hydro power plants are the most efficient and, of course, renewable but not used in Cyprus for obvious reasons.
FYI, nuclear power is considered renewable.
Georgios100