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Primer: The DOE Wind Energy Program's Approach to Calculating Cost of Energy: July 9, 2005 - July 8, 2006.

DE2008922149

Publication Date	2008
Personal Author	George, K.; Schweizer, T.
Page Count	138
Abstract	This report details the methodology used by the U.S. Department of Energy (DOE) Wind Energy Program and the National Renewable Energy Laboratory (NREL) to calculate levelized cost of energy (COE). To demonstrate application of the methodology, it uses technology and financial assumptions developed for evaluating research and development (R&D) progress for the programs Low-Wind-Speed Technology Project (LWST). This report also demonstrates the variation in COE estimates due to different financing assumptions independent of wind generation technology. This methodology can incorporate changes in project ownership structures, financing approaches, and financial assumptions as they change in the actual market, giving DOE a way to characterize COE relative to current market conditions. COE is an important metric for both renewable energy and fossil-fuel power plants. COE refers to the plants wholesale cost of producing electricity. It is calculated from the projected annual revenues the plant would charge to cover capital costs, operating expenses, and return to debt and equity investors, over the years of its contract life.
Keywords	Energy costs Wind energy Methodologies Calculations Financing structures Department of Energy Low-Wind-Speed Technology Project (LWST) Wind generation technologies
Source Agency	Technical Information Center Oak Ridge Tennessee
Corporate Authors	National Renewable Energy Lab., Golden, CO.; Department of Energy, Washington, DC.
Supplemental Notes	Sponsored by Department of Energy, Washington, DC.
Document Type	Technical Report
NTIS Issue Number	200813
Contract Number	AC36-99-GO10337

Primer: The DOE Wind Energy Program's Approach to Calculating Cost of Energy: July 9, 2005 - July 8, 2006.

Primer: The DOE Wind Energy Program's Approach to Calculating Cost of Energy: July 9, 2005 - July 8, 2006.
DE2008922149

Publication Date	2008
Personal Author	George, K.; Schweizer, T.
Page Count	138
Abstract	This report details the methodology used by the U.S. Department of Energy (DOE) Wind Energy Program and the National Renewable Energy Laboratory (NREL) to calculate levelized cost of energy (COE). To demonstrate application of the methodology, it uses technology and financial assumptions developed for evaluating research and development (R&D) progress for the programs Low-Wind-Speed Technology Project (LWST). This report also demonstrates the variation in COE estimates due to different financing assumptions independent of wind generation technology. This methodology can incorporate changes in project ownership structures, financing approaches, and financial assumptions as they change in the actual market, giving DOE a way to characterize COE relative to current market conditions. COE is an important metric for both renewable energy and fossil-fuel power plants. COE refers to the plants wholesale cost of producing electricity. It is calculated from the projected annual revenues the plant would charge to cover capital costs, operating expenses, and return to debt and equity investors, over the years of its contract life.
Keywords	Energy costs Wind energy Methodologies Calculations Financing structures Department of Energy Low-Wind-Speed Technology Project (LWST) Wind generation technologies
Source Agency	Technical Information Center Oak Ridge Tennessee
Corporate Authors	National Renewable Energy Lab., Golden, CO.; Department of Energy, Washington, DC.
Supplemental Notes	Sponsored by Department of Energy, Washington, DC.
Document Type	Technical Report
NTIS Issue Number	200813
Contract Number	AC36-99-GO10337