Life Cycle Costing of Wind Generation System

Life Cycle Costing (LCC) is a methodology used first time by the Department of Defense of United State, it’s an economic calculation of all costs propagated during the life span of any technical system. For Renewable Energy (RE) systems, LCC is a good methodology, which shows the cost-effectiveness of using RE as an alternative source compared to conventional power generations. A LCC model was introduced for Wind generation system. Data collection was done through four different cost data sources. The results shows that the capital investment cost is $1.968/W. For a 20 years PV project lifetime, the operation and maintenance cost forms 19% of the total LCC of the system.