Modelling economic viability of renewable sources of energy

Man, all over the world, has required energy ever since his creation. Renewable energy technologies can play an important role in meeting the ultimate goal of providing the enenergy needs of man by replacing fossil fuels to generate inexhaustible, clean and safe energy. Biogas energy has been evaluated to augment traditional energy sources in Mbarara District, Uganda. Its development however, remains rudimentary, partly because of the lack of information regarding its economic viability. Based on primary and secondary data and the use of three economic decision criteria, namely; payback period, net present value and…