A GIS Decision Support System has been developed for the evaluated of
Renewable Energy Sources potential and the financial analysis of RE in
vestments. A GIS database with data on wind, topography, urban areas,
and special activities has been developed and used for the evaluation
of theoretical potential through the spatially continuous mapping if R
enewable Energy Resources. The available and technological potential a
re evaluated by the application of availability and technological rest
rictions. The evaluation of economical potential is perform by a preci
se estimation of the expected energy output and installation cost. The
financial analysis based on the Internal Rate of Return, identifies t
he financial viability of alternative investments. The evaluation of w
ind energy potential for the island of Crete, Greece and the financial
analysis of a wind park installation are present as a case study. (C)
1998 Elsevier Science Ltd. All rights reserved.