We propose the computation of different wind energy production indicators and financial profitability ofpotential wind power sites. The computation is performed by modeling the wind speed process as an indexed semi-Markov chain to predict and simulate the wind speed dynamics.We demonstrate that the indexed semi-Markov chain approach enables reproducing the indicators calculated on real data. Two different time horizons of 15 and 30 years are analyzed. In the first case we considerthe government incentives on the energy price now present in Italy, while in the second case theincentives have not been taken into account.
Economic performance indicators of wind energy based on wind speed stochastic modeling / Prattico, Flavio; Petroni, Filippo; D'Amico, Guglielmo. - In: APPLIED ENERGY. - ISSN 1872-9118. - 154(2015), pp. 290-297.
Economic performance indicators of wind energy based on wind speed stochastic modeling
PRATTICO, FLAVIO;PETRONI, Filippo
;D'AMICO, GUGLIELMO
2015
Abstract
We propose the computation of different wind energy production indicators and financial profitability ofpotential wind power sites. The computation is performed by modeling the wind speed process as an indexed semi-Markov chain to predict and simulate the wind speed dynamics.We demonstrate that the indexed semi-Markov chain approach enables reproducing the indicators calculated on real data. Two different time horizons of 15 and 30 years are analyzed. In the first case we considerthe government incentives on the energy price now present in Italy, while in the second case theincentives have not been taken into account.File | Dimensione | Formato | |
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