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Revista mexicana de economía y finanzas
On-line version ISSN 2448-6795Print version ISSN 1665-5346
Abstract
GOMEZ RODRIGUEZ, Tomás; CORTAZAR MARTINEZ, Adriana and ZAMBRANO REYES, Adriana. Technical and Financial Analysis of the Wind Energy Potential to Generate Electric Power: the Case of Apan, Hidalgo. Rev. mex. econ. finanz [online]. 2020, vol.15, n.2, pp.263-276. Epub Nov 25, 2020. ISSN 2448-6795. https://doi.org/10.21919/remef.v15i2.378.
Objective: Evaluate the energy potential of wind in Apan, Hidalgo. Methodology: Two types of analysis were used: technical analysis and financial analysis. The Weibull probability density function is used for the technical study. Likewise, the following parameters are evaluated for the financial analysis: net present value, the internal rate of return, the Levelized Cost of Electricity, the recovery period and the cost / benefit ratio. Results: It was found that of the twelve wind turbines considered only eight are technically viable and none economically. Recommendations: It is recommended not to install commercial wind turbines. Limitations and implications: The main limitation of Weibull density function is that it does not correctly represent the probabilities of wind speed when it is very low or near zero. Originality: According to the literature review, this study is the first investigation in the case of Apan, Hidalgo, which analyzes the wind’s energy potential and its financial feasibility. Conclusions: The evidence suggests that the potential of the wind is suitable for applications that are not connected to the electricity grid and insufficient for the production of energy on a commercial scale.
Keywords : Q42; Q47; Q56; Alternative energy sources; energy forecasting; sustainability.