Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. A wealthy farmer near Fargo, ND (Lat, Long 47 N; 97' W) is interested in dedicating some of his land to renewable energy. He

image text in transcribed

9. A wealthy farmer near Fargo, ND (Lat, Long 47 N; 97' W) is interested in dedicating some of his land to renewable energy. He decides to determine (with the help of a NDSU professor) how much land would be required to install a wind farm consisting of nine 1 MW HAWT's spaced 10D apart where D = 2R and R is the length of one turbine blade, laid out in a square array, allowing 50 to the property line. The turbines are 35% efficient. The average wind speed in Fargo is 11 mph. The local utility agrees to buy his energy @ $ 0.02 per kWh. The turbines cost 1 M$ each: funding is obtained through a zero interest loan, which is paid back with his revenues from the sale of the wind energy. (a) Required area (acres) (b) Payback Period (yr) 10. Continuing Problem 9, he also considers a solar farm (average daily solar insolation 4 kWh/m?). Assume that he covers half of the land of Problem 9(a) with solar panels costing $2 per watt; efficiency 20%. There is also a 30% discount for solar. (a) Cost ($) (b) Payback Period (yr) 9. A wealthy farmer near Fargo, ND (Lat, Long 47 N; 97' W) is interested in dedicating some of his land to renewable energy. He decides to determine (with the help of a NDSU professor) how much land would be required to install a wind farm consisting of nine 1 MW HAWT's spaced 10D apart where D = 2R and R is the length of one turbine blade, laid out in a square array, allowing 50 to the property line. The turbines are 35% efficient. The average wind speed in Fargo is 11 mph. The local utility agrees to buy his energy @ $ 0.02 per kWh. The turbines cost 1 M$ each: funding is obtained through a zero interest loan, which is paid back with his revenues from the sale of the wind energy. (a) Required area (acres) (b) Payback Period (yr) 10. Continuing Problem 9, he also considers a solar farm (average daily solar insolation 4 kWh/m?). Assume that he covers half of the land of Problem 9(a) with solar panels costing $2 per watt; efficiency 20%. There is also a 30% discount for solar. (a) Cost ($) (b) Payback Period (yr)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Thebeginningof Section

Answered: 1 week ago