Total revenue of the plants can be calculated as in the following.
Total revenue ¼
2.2.1.1.1. Investment costs. Investment costs are composed of plant and storage investment costs. The first cost component includes equipment and construction costs of bioenergy plants and land costs related to the plant location. The following equation represents the investment cost of plants at site p.
Investment cost
Additionally, storage investment cost includes construction and land costs. Discounted investment cost of storages at site d is formulated as in the following.
Investment cost
2.2.1.1.4. Biomass purchasing cost. The last component of the total cost is the biomass purchasing cost that is represented b