Annualized Cost of Wind Power Generation

Production of effective, efficient power keeping in mind its economical aspect for the population is a big challenge today. For any country to progress, economic power generation to fulfill the demands of the consumers is necessary. Different renewable energy resources like solar, hydro, wind, etc., may be exploited to facilitate the adequate amount of power generation for the masses. Wind energy power generation may have an upper hand among these renewable energy sources. Wind power generation may be classified as an effective and economical means of power generation for the population. For producing effective and efficient energy, wind power plant needs to be economically viable. In this paper, an attempt has been made to determine annualized cost of generation (Cg) from wind energy. This has been computed by selecting the location (Muppandal) kanyakumari in India. Further the effect of life span has been seen on the annualized factor as well as the cost of wind power generation.