A Localized Software Framework for Economic Analysis of Wind Farms in Iran: Development and Validation of WENRIECO

Accurate economic analysis is one of the key pillars of decision-making in wind power investment projects. Although numerous software tools have been developed for the economic evaluation of renewable energy projects, most of them are not capable of accurately modeling country-specific regulations, administrative procedures, and local operating conditions. This paper presents the development process of a localized software package, named WENRIECO, for the economic analysis of wind farms in Iran. The software was developed based on a financial cash-flow model tailored to the current regulatory and operational framework of the country and implemented in the Microsoft Excel environment. The architecture of the software, the financial modeling methodology, data input structures, and analytical capabilities are described in detail. Furthermore, the software outputs are validated through comparison with the widely used COMFAR software. The results demonstrate that WENRIECO provides an accurate, flexible, and localized framework for economic analysis, offering effective decision-support capabilities for investors and policymakers in the Iranian wind energy sector.

کلیدواژه ها:

Wind Farm ، Economic Analysis ، COMFAR ، Cash Flow ، Renewable Energy Investment