Year: 2024
Type: article
Abstract: This study investigates the financial viability of integrating wind turbines and battery energy storage systems (BESS) in hybrid power plants within Türkiye's renewable energy framework. The analysis focuses on the economic performance of the Enercon E58 wind turbine with a 30 MW capacity, a standalone BESS with a 30 MW/30 MWh capacity, and a hybrid system combining both technologies. Key financial metrics such as Net Present Value (NPV) and Internal Rate of Return (IRR) are employed to evaluate the investment potential of each scenario. The results indicate that while the wind turbine scenario yields a positive NPV, its IRR is relatively low due to high capital (CAPEX) and operational (OPEX) expenditures. Conversely, the BESS scenario demonstrates a lower CAPEX and minimal OPEX, resulting in moderate NPV and IRR. The hybrid configuration, leveraging both wind generation and energy storage, shows a balanced investment profile with improved NPV and IRR values, suggesting an enhanced financial outlook. This study provides valuable insights for investors, policymakers, and stakeholders, emphasizing the strategic benefits of hybrid renewable energy systems in achieving Türkiye’s carbon-neutral energy targets.
Source: DergiPark (Istanbul University)
Authors: Eyupoglu, Busra, Akpınar, Kübra Nur
Institution: Marmara University
Language: English
Subfield: Energy Engineering and Power Technology
Field: Energy
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W4405706734