Feasibility Study Of 10.2 Mw Wind Farm Project In Ecuador
Abstract
Clean Development Mecanism (CDM) of the Kyoto Protocol has created a perception among renewable energy project developers that it is a new means of financing for both freshly new and on-going projects. Wind project development in Ecuador was experiencing a stalemate due to the country’s ailing economic problems after the 1999 Economic Crisis and subsequent dollarization and absence of investment capital. The CDM has been considered as a “stimulator” to bring one or two wind projects into operation until the sector secures the preferable investment conditions to attract investors without the help of the CDM. Considering the Ecuador’s Political, economical, technical, environmental, and social specificity, the Small-Scale CDM (SSc CDM), which has its own distinct rules in modalities and procedures spate from medium – to large-sized CDM projects, will be the form of CDM investment in the wind sector.
This Master’s project uses one wind project in Ecuador to assess its financial viability with and without the SSc CDM to illustrate whether the SSc CDM can improve financial performance of the project and the possible difficulties involved with using it.
Several recommendations are provided to make the Ecuadorian wind sector development feasible and the SSc CDM attractive.
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Citation
Shimura, Y. (2003). Feasibility Study Of 10.2 Mw Wind Farm Project In Ecuador (Unpublished report). University of Calgary, Calgary, AB.