Economic calculation of short rotation willow plantations in Latvia
2012
Makovskis, K., Latvia Univ. of Agriculture, Jelgava (Latvia);Latvian State Forest Research Inst. Silava, Salaspils (Latvia) | Lazdina, D., Latvian State Forest Research Inst. Silava, Salaspils (Latvia) | Bite, L., Latvia Univ. of Agriculture, Jelgava (Latvia)
Short rotation forests (SRF) can be used for biomass production for energy applications in Latvia. Establishment of plantations could be one of possibilities how to reach targets of renewable energy resource (RES) consumption of 40% in 2020. In Latvia’s conditions, one of most suitable species that could be used for SRF is willow (Salix sp.). Abandoned agricultural lands are suitable for establishment of plantations. Productivity of 8 oven- dried tons (ODT) ha-1 year -1 can lead to Rate of Return (IRR) of 17.1% and Net Present Value (NPV) 1099 Latvian Lats (LVL) if the biomass price is 33 LVL ODT-1. Establishment, harvesting and transporting costs account for 88% of the total cost of production. Price of wood chip and fuel plays the most important role in economics of plantation.
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