Economic performance indicators of wind energy based on wind speed stochastic modeling

Economic performance indicators of wind energy based on wind speed stochastic modeling •We propose a new and different wind energy production indicator.•We compute financial profitability of potential wind power sites.•The wind speed process is modeled as an indexed semi-Markov chain.•We check if the wind energy is a good investment with and without incentives. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Energy Elsevier

Economic performance indicators of wind energy based on wind speed stochastic modeling

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Publisher
Elsevier
Copyright
Copyright © 2015 Elsevier Ltd
ISSN
0306-2619
D.O.I.
10.1016/j.apenergy.2015.04.124
Publisher site
See Article on Publisher Site

Abstract

•We propose a new and different wind energy production indicator.•We compute financial profitability of potential wind power sites.•The wind speed process is modeled as an indexed semi-Markov chain.•We check if the wind energy is a good investment with and without incentives.

Journal

Applied EnergyElsevier

Published: Sep 15, 2015

References

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