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A proposed wind project in Maine is estimated to have an average power output that is 28% of the capacity of the project (106 MW).
A proposed wind project in Maine is estimated to have an average power output that is 28% of the capacity of the project (106 MW). The project is being financed over 20 years with 66% of the TIC =$ 291 million financed via equity at a rate of 11% and the remaining balance of the TIC is financed via debt at a rate of 4%. The recurring costs include $ 0.02 /kWh plus an annual cost of 50,347 each year. Calculate the following for this project:
LCOE in $/kWh (rounded to 3 decimal places)
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