Module Handbook

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Course WIW-RE-ERT-K-7

Economics of Renewable Energy Technologies (2V, 2.0 LP)

Course Type

SWS Type Course Form CP (Effort) Presence-Time / Self-Study
2 V Lecture 2.0 CP 30 h 15 h
(2V) 2.0 CP 30 h 15 h


CP, Effort 2.0 CP = 45 h
Position of the semester 1 Sem. in SuSe
Level [7] Master (Advanced)
Language [EN] English
Livecycle-State [NORM] Active


  • Brief overview of important characteristics of renewable energy technologies and their implications for financial/economic viability
  • Feasibility requirements for large scale dissemination of renewable energy technologies - resource availability, technological appropriateness, energetic feasibility, socio-cultural acceptability, environmental sustainability, institutional preparedness and financial viability
  • Economic considerations in designing renewable energy technologies
  • Identification and quantification of the ‘Costs’ and ‘Benefits’ of renewable energy projects
  • Time value of money, discount rate and corresponding formulae
  • Measures of financial/economic performance
  • Approaches for considering uncertainty in appraisal/evaluation of renewable energy projects
  • Development of techno-economic models for financial evaluation of renewable energy technologies
  • Learning effect, experience curves, technology diffusion models and estimation of future cost of renewable energy technologies
  • Incentives (Feed-in-Tariffs, Renewable Purchase Obligation, Tax credits, Carbon dioxide emissions mitigation benefits etc.) and financial viability of renewable energy technologies
  • Economics of decentralized power generation based on renewable energy sources
  • Effect of modalities of financing on the financial viability of renewable energy projects
  • Software for techno-economic evaluation of renewable energy based power generation(such as RETScreen, HOMER, System Advisor Model)
  • Tariff fixation of renewable energy based electricity
  • Issues in social cost-benefit analysis of renewable energy projects
  • Case studies


  • Chan S. Park “Contemporary Engineering Economics”, Fifth Edition, Pearson Prentice Hall (2011)
  • Gerald J. Thuesen and W. J. Fabrycky, Engineering Economy, Prentice Hall Inc. (2001)
  • Harry Campbell and Richard Broron, Benefit – Cost Analysis, Cambridge University Press (2003)
  • or any other standard text book on engineering economics
  • T. C. Kandpal and H. P. Garg, “Financial Evaluation of Renewable Energy Technologies” Macmillan India Ltd. (2003) (soft scanned version of relevant portions can be made available to the students)
  • Relevant literature from Research Journals, Reports etc (soft version shall be made available to the students)
  • John Twidell and Tony Weir, Renewable Energy Resources, Taylor and Francis (2006).
  • Godfrey Boyle, Renewable Energy: Power for a Sustainable Future, Oxford University Press (2004)

Requirements for attendance (informal)


Requirements for attendance (formal)


References to Course [WIW-RE-ERT-K-7]

Module Name Context
[WIW-RE-ERT-M-7] Economics and Financing of Renewable Energy WP: Obligation to choose 2V, 2.0 LP