- Title
- An economic evaluation of a wind power electricity generating farm in South Africa
- Creator
- Menzies, Greig Hamilton
- Subject
- Wind power -- Economic aspects -- South Africa
- Subject
- Wind power plants -- Environmental aspects -- South Africa
- Subject
- Wind turbines
- Date Issued
- 2011
- Date
- 2011
- Type
- Thesis
- Type
- Masters
- Type
- MCom
- Identifier
- vital:8987
- Identifier
- http://hdl.handle.net/10948/1335
- Identifier
- Wind power -- Economic aspects -- South Africa
- Identifier
- Wind power plants -- Environmental aspects -- South Africa
- Identifier
- Wind turbines
- Description
- Renewable energy technology has received much attention over recent years. The depletion of known fossil fuel reserves and the volatility of international fuel prices require that society looks beyond the current coal-dominated electricity generation methods. Wind energy is an internationally well-established technology with large markets in major countries around the world, such as the USA and Germany. South Africa has the potential to generate large amounts of electricity from the wind because of the strength of the country’s wind resource. The long coast line and open areas are ideal for the exploitation of wind energy. A wind farm project has been proposed for development near the town of Jeffrey’s Bay, in the Eastern Cape. The proposed project involves the construction and installation of a 15MW wind farm, consisting of 6-10 turbines standing 120m tall, over an area of 20ha.There are indirect costs and benefits (externalities) associated with a wind farm project and it is important that projects such as these are evaluated from a social standpoint. The aim of this study was to determine the compensation required by residents for siting a wind farm in their area. This compensation was then used as a component of an overall evaluation of the project.
- Format
- xiv, 144 leaves
- Format
- Publisher
- Nelson Mandela Metropolitan University
- Publisher
- Faculty of Business and Economic Sciences
- Language
- English
- Rights
- Nelson Mandela Metropolitan University
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