Renewable energy and energy efficiency : assessment of projects and policies / Aidan Duffy, Martin Rogers, Lacour Ayompe.

Format:

Book

Author/Creator:

Duffy, Aidan, author.

Ayompe, Lacour, author.

Rogers, Martin, author.

Language:

English

Subjects (All):

Energy consumption.

Renewable energy sources.

Physical Description:

1 online resource (280 pages) : illustrations, graphs

Edition:

1st ed.

Place of Publication:

West Sussex, England : Wiley Blackwell, 2015.

Summary:

The recent rise to prominence of renewable energy and energy efficiency has been driven by their potential to lower the environmental impacts of energy use. As these technologies mature they must demonstrate not only their environmental benefits, but also their economic competitiveness. The relative costs and benefits of each potential project, whether large or small, must be systematically modelled and assessed before they can be financed and implemented. Renewable Energy and Energy Efficiency: Assessment of Projects and Policies deals with the appraisal of such projects against financial and non-financial criteria, illustrating the assessment tools necessary to make appropriate, evidence based decisions as efficiently as possible. The most important technologies are first described, stressing their economic and performance characteristics. Key project appraisal concepts are then introduced, approaches to modelling the cash flows in energy projects are described, and the issues of uncertainty and optimisation are fully discussed. These financial concepts, together with methods for estimating greenhouse gas emissions, are extended to address aspects of energy policy. Illustrated with many case studies this is an ideal introduction to financial and non-financial appraisal techniques as applied to energy efficient and renewable energy technologies.

Contents:

Cover

Title Page

Copyright

Contents

Symbols, Units and Abbreviations

About the Companion Website

Chapter 1 Introduction

1.1 Background

1.2 Aim

1.3 Aspects of renewable energy project appraisal

1.4 Book layout

References

Chapter 2 Technologies

2.1 Introduction

2.2 Key concepts

2.2.1 Heat of combustion

2.2.2 Efficiency

2.2.3 Rated power and energy

2.2.4 Capacity and availability factors

2.2.5 Technology learning

2.3 Electrical power generation

2.3.1 Natural-gas-fired power plant

2.3.2 Coal-fired power plant

2.3.3 Hydropower

2.3.4 Wind power

2.3.5 Ocean energy

2.3.6 Photovoltaics

2.4 Heat generation

2.4.1 Boilers

2.4.2 Solar water heaters

2.5 Combined heat and power

2.5.1 Micro-CHP

2.5.2 CHP engines

2.5.3 CHP turbines

2.5.4 Combined heat, power and cooling

2.6 Energy storage

2.6.1 Electrical

2.6.2 Pumped hydroelectric storage

2.6.3 Compressed air energy storage

2.6.4 Thermal energy storage

2.7 Energy efficiency

2.7.1 Thermal insulation

2.7.2 High-efficiency lighting

Chapter 3 Modelling Energy Systems

3.1 Introduction

3.2 System, model and simulation

3.2.1 Systems

3.2.2 Models

3.2.3 Simulation

3.3 Modelling and simulating energy systems

3.3.1 Steps in simulating energy projects

3.3.2 Simulation tools

3.3.3 Data sources

3.4 Case studies

3.4.1 Office PV system

3.4.2 Gas heat pump for data room cooling

3.4.3 Compressed air energy storage

3.5 Conclusions

Chapter 4 Financial Analysis

4.1 Introduction

4.2 Fundamentals

4.2.1 Investor perspective

4.2.2 Types of projects and decisions

4.2.3 Cash flows

4.2.4 Real and nominal prices

4.2.5 Present value

4.2.6 Discount rates

4.2.7 Taxation and depreciation.

4.2.8 Unequal project lifespan

4.3 Financial measures

4.3.1 Payback and discounted payback periods

4.3.2 Return on investment

4.3.3 Profitability index and savings-to-investment ratio

4.3.4 Net present value

4.3.5 Internal Rate of Return

4.3.6 Life cycle cost

4.3.7 Levelised Cost of Energy

4.3.8 Uncertainty and risk

4.3.9 Financial measures compared

4.4 Case studies

4.4.1 Municipal bus fleet conversion to compressed natural~gas

4.4.2 New wind farm development

4.5 Conclusion

Chapter 5 Multi-Criteria Analysis

5.1 General

5.2 Simple non-compensatory methods

5.2.1 Introduction

5.2.2 Dominance

5.2.3 Satisficing methods

5.2.4 Sequential elimination methods

5.2.5 Attitude-oriented methods

5.3 Simple additive weighting method

5.3.1 Basic simple additive weighting method

5.3.2 Sensitivity analysis of baseline SAW results

5.3.3 Assigning weights to the decision criteria

5.4 Analytic hierarchy process

5.4.1 Introduction

5.4.2 Hierarchies

5.4.3 Establishing priorities within hierarchies

5.4.4 Establishing and calculating priorities

5.4.5 Deriving priorities using an approximation method

5.4.6 Deriving exact priorities using the iterative Eigenvector method

5.5 Concordance analysis

5.5.1 Introduction

5.5.2 PROMETHEE I

5.5.3 ELECTRE TRI

5.6 Site selection for wind farms-a case study from Cavan (Ireland)

5.6.1 Introduction

5.6.2 National and international guidance

5.6.3 Decision framework chosen

5.6.4 Decision model utilised to categorise each of the 18 sites

5.6.5 Selection of potentially suitable sites

5.6.6 Concluding comment on case studies

5.7 Concluding comments on MCDA models

Chapter 6 Policy Aspects

6.1 Energy policy context

6.2 Energy policy overview.

6.2.1 Policy instruments and targets

6.2.2 Designing policy instruments

6.3 Marginal abatement cost

6.3.1 Environmental life cycle assessment

6.3.2 Estimating marginal abatement costs

6.4 Subsidy design

6.4.1 Types of energy subsidies

6.4.2 Calculating feed-in-tariffs

6.5 Social cost

benefit analysis

6.5.1 Define the objective and identify base case

6.5.2 Identify costs and benefits

6.5.3 Value costs and benefits

6.5.4 Discount the costs and benefits

6.5.5 Interpret results

6.5.6 Assess who bears the costs and benefits

6.5.7 Uncertainty

6.5.8 Make decision

6.6 Case studies

6.6.1 Marginal abatement costs of emission mitigation options in a building estate

6.6.2 PV feed-in-tariff design

6.7 Conclusions

Appendix A: Table of Discount Factors

Index

EULA.

Notes:

Includes bibliographical references at the end of each chapters and index.

Description based on online resource; title from PDF title page (ebrary, viewed May 13, 2015).

Description based on publisher supplied metadata and other sources.

ISBN:

1-118-63103-X

1-118-63102-1

OCLC:

908080325