This article tracked, identified, and demonstrated the economic and financial viability of the renewable energy sector from biomass in a Spanish Thermal Power Plant. The methodology used came from Theoretical postulat...This article tracked, identified, and demonstrated the economic and financial viability of the renewable energy sector from biomass in a Spanish Thermal Power Plant. The methodology used came from Theoretical postulates （GITMAN, 2004; VAN HORNE, 1993） called, Technical Preparation of capital budgets （Economic and Financial Analysis） called, payback, Net Present Value, and Internal Rate of Return）. The economic and financial viability results demonstrated were in two stages： the first identified that the plant is viable according to the payback. The second traced the economic and financial viability from the thermal energy production hypothesis equivalent to electricity power in the amount of 7,699.08 MWh, which resulted in the following indicators： payback of seven years and three months, NPV of R$ 369,064.98, and the IRR of 12.46%. Therefore, managers would have to make a user raising campaign in the ratio of 24.66%, taking into account of an unused capacity of 25%. These indicators were calculated using the following financial data： initial investment of R $ 3,654,731.86, operational income of R $1,262,264.16, operational inputs of R$ 503,639.59, and capital cost of 10.95% over 20 years. This industrial plant is located in the city of Cuellar in northern Spain, having two employees working eight hours a day; it produces only thermal power, represented in this study by MWh of electric power. This industrial plant produces power by burning forest residues from tree pruning. It was concluded that, given the research question developed in this paper--is the study plant profitable from the economic and financial point of view？--The response was identified by calculating the economic and financial indicators that the plant studied is viable from the proposed of maximizing sales revenues to 7,699.08 MWh.展开更多
文摘This article tracked, identified, and demonstrated the economic and financial viability of the renewable energy sector from biomass in a Spanish Thermal Power Plant. The methodology used came from Theoretical postulates （GITMAN, 2004; VAN HORNE, 1993） called, Technical Preparation of capital budgets （Economic and Financial Analysis） called, payback, Net Present Value, and Internal Rate of Return）. The economic and financial viability results demonstrated were in two stages： the first identified that the plant is viable according to the payback. The second traced the economic and financial viability from the thermal energy production hypothesis equivalent to electricity power in the amount of 7,699.08 MWh, which resulted in the following indicators： payback of seven years and three months, NPV of R$ 369,064.98, and the IRR of 12.46%. Therefore, managers would have to make a user raising campaign in the ratio of 24.66%, taking into account of an unused capacity of 25%. These indicators were calculated using the following financial data： initial investment of R $ 3,654,731.86, operational income of R $1,262,264.16, operational inputs of R$ 503,639.59, and capital cost of 10.95% over 20 years. This industrial plant is located in the city of Cuellar in northern Spain, having two employees working eight hours a day; it produces only thermal power, represented in this study by MWh of electric power. This industrial plant produces power by burning forest residues from tree pruning. It was concluded that, given the research question developed in this paper--is the study plant profitable from the economic and financial point of view？--The response was identified by calculating the economic and financial indicators that the plant studied is viable from the proposed of maximizing sales revenues to 7,699.08 MWh.
