Familiarising with the energy resources situation in the World, Europe and Croatia; enabling rational thinking and decision making on energy planning and energy policy; application of basic economic methods for financial evaluation of energy projects.

Student responsibilities:

Grading and evaluation of student work over the course of instruction and at a final exam:

Marks from colloquiums and exam are added according the table.

Methods of monitoring quality that ensure acquisition of exit competences:

Evaluation of knowledge trough given tasks. Supervised exercises.

Upon successful completion of the course, students will be able to (learning outcomes):

After successful course students will be able to:
-describe different energy transformation processes
-define types of energy sources
-analyse the basic characteristics of different energy sources
-define basic principles of energy planning
-develop cash flow tables for energy projects
-justify investments in energy efficiency measures, power plants and other projects in energy sector by applying the NPV and IRR methods
-critically evaluate different concepts for reduction of environmental harmful emissions from the energy sector
-critically evaluate different concepts of renewable energy sources
-evaluate and compare the techno-economic parameters of energy efficiency in industrial plants, buildings and transport
-evaluate and compare the techno-economic parameters of renewable energy sources
-analyse the cost of electricity and heat production from various plants
-analyse the concept of sustainable development

Lectures

1. Introduction. Energy and us. Useful energy: work, heating and cooling. Forms of energy: chemical, mechanical, thermal, electrical, etc. Energy and economy. Energy and environment.

2. Financial evaluation of energy projects I. Introduction. Cash flow model. Time value of money. Equipment life time. Equipement costs. Project benefits and costs.

3. Financial evaluation of energy projects II. Evaluating project propositions. Techniques of systematic ecomic analysies. Other perspectives of investments analysies. Income taxes. Depreciation. Inflation.

4. Primary energy. Forms of primary energy. Primary energy production and trading. Primary energy consumption. Primary energy and life quality. Efficiency of primary energy consumption.

5. Colloquy I

6. Energy conversion I. Power production. Thermal power plants. Nuclear power plants. Hydroelectric power plants. Wind power plants. Alternative technologies. Distributed production. Island production.

7. Energy conversion II. Heat production. Cogeneration. Cooling and air conditioning. Trigeneration. Fuel cells and hydrogen. Polygeneration. Oil refinement.

8. Energy politics. Transition and eurointegrations. Energy security of supply. Energy and products competitivety. Liberalization of energy markets. Privatization.

9. Renewable energy sources. Hydroelectrical power plants. Wind power plants. Geothermal power plants. Biomass and waste power plants. Wave and tidal power plants. Solar energy. Geothermal energy. Energy storage.

10. Colloquy II

11. Final consumption and energy efficiency. Energy in agriculture and forestry sector. Energy in industry. Building sector. Energy in service sector. Transport.

12. Sustainable energy development. Development models. Technology revolutions. Demography and resources. Sustainability definitions. Sustainable energy development evaluation methods. Energy and environment. Emissions in energy sector. Climate change.

13. Energy planning. Demographical scenarios. Macroeconomical scenarios. Final consumption scenarios. Power system planning. Energy system planning.

14. Energy markets. Liberalization, why? Energy systems in transition. Common European energy markets. Energy sector restructuring and liberalisation in Croatia. Energy as business.

15. Colloquy III

Exercises

1. Test. Essay.

2. Basic methods of determining the time value of money. Test.

3. Basic project proposal evaluation methods. Test.

4. Test. Essay.

5. Colloquy I

6. Case study. WECS electricity price. Test.

7. Case study. Cogeneration electricity price. Test.

8. Test. Essay.

9. Case study: Electricity price comparison for WindDiesel system and network connection. Test.

10. Colloquy II

11. Case study: Family house thermal insulation viability evaluation. Test.

12. Case study: Kyoto protocol influence on price of electricity from renewable sources. Test.

13. Case study: Power system planning in island regime.

14. Test. Essay.

15. Colloquy III

Compulsory literature:

Energija u Hrvatskoj, Godišnji energetski pregled, Energetski Institut "Hrvoje Požar", Zagreb
Henrik Lund, Renewable Energy Systems
2nd Edition, A Smart Energy Systems Approach to the Choice and Modeling of 100% Renewable Solutions
Neven Duić: Predavanja iz Osnova energetike, http: //powerlab.fsb.hr/OsnoveEnergetike

Recommended literature: