Samuel Asumadu-Sarkodie · Phebe Asantewaa Owusu
Global interest in using biomass feedstock to produce heat and power is increasing. In this study, RETScreen modelling software was used to investigate the feasibility of biomass heating system in Middle East Technical University, Northern Cyprus Campus. Weiss Kessel Multicratboiler system with 2 MW capacity using rice straw biomass as fuel and 10 units of RBI® CB0500 boilers with 144 kW capacity using natural gas as fuel were selected for the proposed biomass heating system. The total cost of the biomass heating project is US$ 786,390. The project has a pre-tax and after tax internal rate of return (IRR) of 122.70%, simple payback period of 2.54 years, equity payback period of 0.83 year, a net present value of US$ 3,357,138.29, an annual lifecycle savings of US$ 262,617.91, a benefit-cost ratio of 21.83, an electricity cost of $0/kWh and a GHG reduction cost of −204.66 $/tCO₂. The annual GHG emission reduction is 1,283.2 tCO₂, which is equivalent to 118 hectares of forest absorbing carbon. The development and adoption of this renewable energy technology will save costs on buying conventional type of heating system and result in a large technical and economic potential for reducing greenhouse gas emissions which will satisfy the sustainable development goals.

2nd degree connections

Wind Power Plants for Low Rated Wind Speed Regions: Feasibility Analysis and Simulation of a System
E3S Web of Conferences 2016 (
The use of wind power has become an important and growing part of the electrical energy supply in many countries all over the world. Wind turbines are the main components of wind power stations and every single development on these turbines affects t...

1st degree connections

Economic feasibility of an energy efficiency project for a steam distribution system in a chemical industry
Independent Journal of Management & Production 2017 (
The burning of fossil fuels majorly contributes to the increase in global warming, and it represents 93% of greenhouse gases emissions in the chemical industry. Most of the energy demand in this sector is associated with steam systems, where 1/3 of t...

3rd degree connections

Analysis of the Potential for Use of Floating Photovoltaic Systems on Mine Pit Lakes: Case Study at the Ssangyong Open-Pit Limestone Mine in Korea
Energies 2016 (
Recently, the mining industry has introduced renewable energy technologies to resolve power supply problems at mines operating in polar regions or other remote areas, and to foster substitute industries, able to benefit from abandoned sites of exhaus...

1st degree connections

Techno-Economic Feasibility of Small Scale Hydropower in Ethiopia: The Case of the Kulfo River, in Southern Ethiopia
Journal of Renewable Energy 2016 (
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Technoeconomic Evaluation for an Installed Small-Scale Photovoltaic Power Plant
International Journal of Photoenergy 2017 (
Solar energy production and economic evaluation are analyzed, in this study, by using daily solar radiation and average temperature data which are measured for 3 years in the Osmaniye province in Turkey. Besides, this study utilizes the photovoltaic-...

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