An economic assessment of micro-scale use of renewable energy sources two case studies

During recent times, renewable energy technologies have shown a relative fast growth in the global energy investment, global energy capacity and their integration within multiple sectors, particularly in the electricity sector. Renewable energy technologies have also experienced notorious declining...

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Main Author: Palomino Ramirez, Horacio
Other Authors: Kauppakorkeakoulu, School of Business and Economics, Taloustieteet, Business and Economics, University of Jyväskylä, Jyväskylän yliopisto
Format: Master's thesis
Language:eng
Published: 2015
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/47273
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author Palomino Ramirez, Horacio
author2 Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_facet Palomino Ramirez, Horacio Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto Palomino Ramirez, Horacio Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_sort Palomino Ramirez, Horacio
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description During recent times, renewable energy technologies have shown a relative fast growth in the global energy investment, global energy capacity and their integration within multiple sectors, particularly in the electricity sector. Renewable energy technologies have also experienced notorious declining costs on their manufacturing production. Nevertheless, while this growth is widely acknowledged, the share of renewables with respect total energy production has been moderate. Technological advancements in renewable energy have demonstrated the potential of renewables in energy generation and also that renewables can provide direct and indirect advantages over their counterparts. This thesis investigates two specific cases in which the renewable energy technologies of wind power and solar photovoltaics could be widely employed on micro-scale energy generation. The study’s objective is to gain deeper understanding if such applications of these forms of renewables are, foremost, economically viable at micro-scale or individual level. The research was carried out by means of quantitative case study in which theoretical analysis, mathematical modelling, and experimental empirical measurements were employed in order to make a thoroughly analysis and cross validate the study’s results and findings. The results from this investigation suggest that the employment of wind and solar renewables at micro-scale are economically profitable if favourable weather conditions exist at the location. If there are no favourable weather conditions, then these renewables will be economically viable if external costs such as transportation, installation and maintenance are absorbed by the owner. Moreover, this thesis suggest that better incentives, besides economically, are needed such as communication strategies and wider distribution channels in order to promote the use of renewables to the general public. This thesis also suggests that by engaging in renewable energy generation by first-hand experience encourages a sense of responsibility and the importance of saving energy which would be difficult to attain otherwise.
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spellingShingle Palomino Ramirez, Horacio An economic assessment of micro-scale use of renewable energy sources : two case studies wind energy VAWT solar photovoltaics renewable energy economics micro-scale small scale telecom towers diffusion of innovation Finland Yritysten ympäristöjohtaminen Corporate Environmental Management 20425 tuulienergia uusiutuvat energialähteet aurinkoenergia taloudellinen arviointi Suomi
title An economic assessment of micro-scale use of renewable energy sources : two case studies
title_full An economic assessment of micro-scale use of renewable energy sources : two case studies
title_fullStr An economic assessment of micro-scale use of renewable energy sources : two case studies An economic assessment of micro-scale use of renewable energy sources : two case studies
title_full_unstemmed An economic assessment of micro-scale use of renewable energy sources : two case studies An economic assessment of micro-scale use of renewable energy sources : two case studies
title_short An economic assessment of micro-scale use of renewable energy sources
title_sort economic assessment of micro scale use of renewable energy sources two case studies
title_sub two case studies
title_txtP An economic assessment of micro-scale use of renewable energy sources : two case studies
topic wind energy VAWT solar photovoltaics renewable energy economics micro-scale small scale telecom towers diffusion of innovation Finland Yritysten ympäristöjohtaminen Corporate Environmental Management 20425 tuulienergia uusiutuvat energialähteet aurinkoenergia taloudellinen arviointi Suomi
topic_facet 20425 Corporate Environmental Management Finland Suomi VAWT Yritysten ympäristöjohtaminen aurinkoenergia diffusion of innovation economics micro-scale renewable energy small scale solar photovoltaics taloudellinen arviointi telecom towers tuulienergia uusiutuvat energialähteet wind energy
url https://jyx.jyu.fi/handle/123456789/47273 http://www.urn.fi/URN:NBN:fi:jyu-201510073332
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