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Financial evaluation of renewable energy technologies for irrigation water pumping in India
Authors:Pallav Purohit
Affiliation:Research Programme on International Climate Policy, Hamburg Institute of International Economics (HWWI), Neuer Jungfernstieg 21, 20354 Hamburg, Germany
Abstract:An attempt to develop a simple framework for financial evaluation of renewable energy technologies (RETs) such as photovoltaic (PV) pump, windmill pump, biogas and producer gas-driven dual fuel engine pumps for irrigation water pumping has been made. The unit cost of water and unit cost of useful energy delivered by the RETs have been estimated. The monetary benefits that accrued to the end-user have been quantified in terms of the amount of diesel or electricity saved. Financial figures of merit for the investments made in the RETs have been estimated. The effect of fuel price escalation on these measures of financial performance has also been evaluated along with the estimation of the break-even prices of fuels likely to be substituted by RETs. Results of some exemplifying calculations are presented and briefly discussed.
Keywords:Renewable energy technologies   Financial figures of merit   Irrigation water pumping
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