Evaluating the profitability of forest biomass power generation: A mathematical modeling approach

Bahar  Panbechi; Ali Roghani  Araghi

doi:10.59400/esc2181

Evaluating the profitability of forest biomass power generation: A mathematical modeling approach

Bahar Panbechi School of Energy Engineering and Sustainable Resources, College of Interdisciplinary Science and Technology, University of Tehran, Tehran 1439957131, Iran
Ali Roghani Araghi School of Energy Engineering and Sustainable Resources, College of Interdisciplinary Science and Technology, University of Tehran, Tehran 1439957131, Iran

Article ID: 2181

DOI: https://doi.org/10.59400/esc2181

Keywords: forest biomass; transportation; profitability; CO2 limitation; renewable energy

Abstract

This article presents a detailed assessment of the economic feasibility of establishing a forest biomass power plant using a mathematical programming model that incorporates various operational and economic factors. Results indicate that this power plant is currently unprofitable, highlighting the financial challenges renewable energy projects face. Multiple factors, such as transportation costs, CO₂ penalties, and local employment impacts, significantly affect the net revenue generated from electricity derived from wood products. The need for strategic interventions to improve revenue generation and enhance the profitability of forest biomass power plants is evident. In this article, in addition to examining the challenges, suggestions will be provided to improve the economic status of biomass power plants, which can assist stakeholders in their future decision-making.

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Published

2025-02-17

How to Cite

Panbechi, B., & Araghi, A. R. (2025). Evaluating the profitability of forest biomass power generation: A mathematical modeling approach. Energy Storage and Conversion, 3(1), 2181. https://doi.org/10.59400/esc2181

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