| Title |
Economic Analysis for a Tidal Power Plant Project using RETScreen - Focused on the Tidal Power Plant in Asan Bay |
| Authors |
Kim, Min-Ock ; Jeong, Keun-Chae |
| DOI |
http://dx.doi.org/10.6106/kjcem.2013.14.4.152 |
| Keywords |
Renewable Energy ; Tidal Power ; Electricity Generation ; RETScreen ; Economic Feasibility ; Renewable Portfolio Standard |
| Abstract |
In this research, we analyse the economic feasibility of a tidal power plant project which can efficiently generate mass, permanent, predictable, and homogeneous electric power. For the economic feasibility analysis, we used the RETScreen that is developed at the CANMET Energy Technology Center in Natural Resources Canada and widely utilized for analysing the economic feasibility and sensitivity of clean energy projects. Results from the feasibility and sensitivity analysis showd that the tidal power plant project in Korea has a enough economic feasibility, and its feasibility increases more as certified emission reductions price and electricity unit price increase. Based on the results from the feasibility study, we can solve the energy problems to be come in near future by constructing the tidal power plants in Korea more aggressively. |