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Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 1 7-21-10
Please note that some fields might not be applicable for all technologies or all project
phases. The level of information detail varies according to phase requirements.
1. Renewable Energy Source
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. Class 5-6 winds
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation and Usage
a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank)
i. Number of generators/boilers/other 2
ii. Rated capacity of generators/boilers/other 190kW and 230kW
iii. Generator/boilers/other type diesel powered generators
iv. Age of generators/boilers/other 15 years
v. Efficiency of generators/boilers/other 40%
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $20,000
ii. Annual O&M cost for non-labor $3,000
c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the
Railbelt grid, leave this section blank)
i. Electricity [kWh] 529,250kWh
ii. Fuel usage
Diesel [gal] 162,000 gallons
Other n/a
iii. Peak Load 160kW
iv. Average Load 75kWh/day
v. Minimum Load 45kW
vi. Efficiency 40%
vii. Future trends stable
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu]
ii. Electricity [kWh]
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
vi. Other
1 The Railbelt grid connects all customers of Chugach Electric Association, Homer Electric Association, Golden Valley Electric
Association, the City of Seward Electric Department, Matanuska Electric Association and Anchorage Municipal Light and Power.
Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 2 7-21-10
3. Proposed System Design Capacity and Fuel Usage
(Include any projections for continued use of non-renewable fuels)
a) Proposed renewable capacity
(Wind, Hydro, Biomass, other)
[kW or MMBtu/hr]
330 kW maximum capacity
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 1,179,862 kWh of wind power / 268,107kWh of diesel power
ii. Heat [MMBtu] n/a
c) Proposed annual fuel usage (fill in as applicable)
i. Propane [gal or MMBtu]
ii. Coal [tons or MMBtu]
iii. Wood [cords, green tons, dry tons]
iv. Other 29,370 diesel fuel for generator
4. Project Cost
a) Total capital cost of new system $2,123,536
b) Development cost $620,530
c) Annual O&M cost of new system $23,000
d) Annual fuel cost $202,921
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 130,060 gallons
ii. Heat
iii. Transportation
b) Current price of displaced fuel $646,618.50
c) Other economic benefits Lower rate for non-PCE rate payers
d) Alaska public benefits Reduction in greenhouse gas emissions
6. Power Purchase/Sales Price
a) Price for power purchase/sale $.53kWh non-PCE
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 1.0-1.2 depending on fuel prices
Payback (years) 10.7 years @ $5.15/gallon diesel fuel