Feasibility Studies
The elements of a feasibility study are to answer whether a wind power or other renewable energy projects are economically and socially acceptable and worthy of further investigation. Does the investment provide suitable returns to investors? Does the project bring local community benefits, generate long-term employment opportunities and generally support the creation of a long-term healthy and sustainable industry?
A feasibility study will create a model or map of a proposed wind power project and address the essential elements of project development and commercialization. Project cost, logistics, land access and licensing, environmental assessment, community acceptance, financial viability, resource strength and quality, supplier capability and delivery are some of the elements addressed in a feasibility study.
Utilizing a series of financial and resource modeling techniques and systems developed privately by Georgian Windpower Corporation along with other key resources provided by various departments of the Canadian Federal Government many of these questions can be answered quickly and efficiently. GWCê resource assessment programs then support the overall feasibility assessment to define the practical aspects of the project and to assist in the decision to proceed with a project.
For many the decision to proceed with a project will be based upon cost and financial return. For others the decision may be based upon community benefits and contribution to the creation of clean renewable energy sources. The GWC approach addresses all of these aspects into an overall comprehensive report suitable for private or public interests.