Journal of Fundamentals of Renewable Energy and Applications

Journal of Fundamentals of Renewable Energy and Applications
Open Access

ISSN: 2090-4541

Nazih M Abu-Shikhah

  • Research Article
    Promoting Renewable Energy in Jordan by Employing Economic Incentives
    Author(s): Fawwaz Z El-Karmi and Nazih M Abu-ShikhahFawwaz Z El-Karmi and Nazih M Abu-Shikhah

    Renewable energy is the way forward in the medium to long-term future in Jordan. Renewable energy (RE) in Jordan has a very modest share not exceeding 0.5% of total installed capacity. This paper compares between the economics of conventional power and that of renewable power. The renewable power considered includes photovoltaic (PV), wind, and concentrated solar power (CSP). Results showed that the levelized cost is 11, 14, 20, and 21 ?/kWh for wind, CCGT, CSP, and PV, respectively. The Internal Rate of Return values (IRR), were 16.35%, 11.17%, 8.85%, and 6.28% for CCGT, wind, CSP and PV, respectively. The major outcome showed Wind power is faring well in the economic comparison with conventional power while CSP and PV are still not economically justified. Testing of the potential of two economic incentives for renewable energy was performed. The first incentive being a price premium.. View More»

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