Financial analysis of selected wind power projects in Vietnam under the clean development mechanism | |
| Author | Trinh Quang Toan |
| Call Number | AIT RSPR no.ET-06-1 |
| Subject(s) | Wind power--Finance--Vietnam Wind power--Environmental aspects--Vietnam |
| Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of Engineering |
| Publisher | Asian Institute of Technology |
| Abstract | Vietnam has a varied geography, with a coastline of more than 3000 kilometers and thousands of small islands. These are advantage conditions to exploit wind energy sources in the country. As electricity demand is increasing rapidly, Vietnam needs to add new capacity for power generation. Development of wind power is one of the potential options to partially meet the growing demand for electricity in the future. The Clean Development Mechanism (CDM) could provide some financial assistance to such projects, as the development of wind could reduce greenhouse gas emissions. In this regard, this research study focuses on: a) to identify the potential wind sites that may be suitable for development under the CDM and b) verify the viability of the identified projects taking into account the benefits from sale of Certified Emission Reductions (CERs). To resolve these above, this study proceeded in two steps. The first step used RETScreen model for economic analysis of 7 wind potential sites existing in Vietnam in range from 1MW to 15 MW. The sites, which yield negative net present value, are not economically viable and are considered as suitable for development under the CDM. In the second step, break-even CER price was calculated under two crediting period with For 7 years and 10 years contract CERs price. It was found 4 sites would have break-even CER price within $5 to 511 US per CER. Results of this analysis indicate that although there are some potential wind sites for development, several could benefit from the CDM at the present level of CER prices |
| Year | 2006 |
| Type | Research Study Project Report (RSPR) |
| School | School of Environment, Resources, and Development (SERD) |
| Department | Department of Energy and Climate Change (Former title: Department of Energy, Environment, and Climate Change (DEECC)) |
| Academic Program/FoS | Energy Technology (ET) |
| Chairperson(s) | Shrestha, Ram Manohar |
| Examination Committee(s) | Kumar, Sivanappan;Malla, Sunil |
| Scholarship Donor(s) | Electricity of Vietnam |
| Degree | Research Studies Project Report (M.Eng.) - Asian Institute of Technology, 2006 |