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Is,th = PIth [€/kWth] (1.1) th The specific investment was plotted versus the thermal power. The results are shown in Figure 1.4 600 500 400 300 200 100 0 Specific Investement vs Thermal Power y = 3383.9x-0.2652 Curve-fit, Heat plant investment 0 2000 4000 6000 8000 kW(th) 10000 12000 Figure 1.4 Investment heat only plant Further the plot was fitted with the power function in Equation 1.2. I = 3383.9P −0.2652 [€/kW] (1.2) The additional investment required for electricity production can be defined as in Equation 1.3 I =I −I ×P[€] (1.3) add tot s,th th The method used to calculate the specific electricity generation cost was presented by Kjellström [7] and is used in this study. The electricity generation cost is defined as the additional investment cost for electricity production (Iadd) divided by the generated electricity. When accounting for annuity the electricity generation cost is calculated by using Equation 1.4. Yet this equation do not account for lower part-load efficiencies. s,th th 7 €/kWPDF Image | Biomass Based Small Scale Combined Heat and Power Tech
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