TY - JOUR
T1 - Economic comparison of a well-head geothermal power plant and a traditional one
AU - Córdova Geirdal, Carlos Atli
AU - Gudjonsdottir, Maria S.
AU - Jensson, Pall
PY - 2015/1
Y1 - 2015/1
N2 - The objective of this paper was to do an economic comparison between the traditional approach to geothermal projects and a well-head method, where smaller power plants were installed on each well to considerably reduce the time until energy production begins. The two methods were compared in a hypothetical steamfield, based on their NPV and net power production. The comparison showed that wellhead power plants benefit geothermal projects by increasing the power output and NPV by as much as 5% and 16% respectively, depending on how early they can start production and the rate of installation.
AB - The objective of this paper was to do an economic comparison between the traditional approach to geothermal projects and a well-head method, where smaller power plants were installed on each well to considerably reduce the time until energy production begins. The two methods were compared in a hypothetical steamfield, based on their NPV and net power production. The comparison showed that wellhead power plants benefit geothermal projects by increasing the power output and NPV by as much as 5% and 16% respectively, depending on how early they can start production and the rate of installation.
KW - Economical comparison
KW - Geothermal
KW - Project development
KW - Wellhead power plant
UR - http://www.scopus.com/inward/record.url?scp=84899700932&partnerID=8YFLogxK
U2 - 10.1016/j.geothermics.2014.04.003
DO - 10.1016/j.geothermics.2014.04.003
M3 - Article
AN - SCOPUS:84899700932
SN - 0375-6505
VL - 53
SP - 1
EP - 13
JO - Geothermics
JF - Geothermics
ER -