Optimization Model for Economic Evaluation of Wind Farms - How toOptimize a Wind Energy Project Economically and Technically

Wagner Sousa De OLİVEİRA; Antonio Jorge FERNANDES

Article Details

Optimization Model for Economic Evaluation of Wind Farms - How toOptimize a Wind Energy Project Economically and Technically

Authors:

Wagner Sousa De OLİVEİRA | Antonio Jorge FERNANDES

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2012 Vol.2 Issue 1, pp.10-20

Document Type:

Article

Publication Date:

2/2012

Document Language:

Turkish

Document ID (Org No.):

2000816940

Frequency:

Bimonthly

eISSN:

2146-4553

Abstract:

 

This paper makes a review and systematize methods and techniques of economic evaluation applied to renewable energy projects, specific to wind energy projects. Both project and cost methodologies of economic evaluation are reviewed for a model optimization construction for a proposed optimization model with its objective function most appropriated. It is necessary to engage in different approaches, but complementary, microeconomic project evaluation methods and optimization methods applied to engineering solutions in wind energy converter systems. Optimization model for economic evaluation of wind farms can be as an efficient planning and resource management, which is the key to the success of an energy project. Wind energy is one of the most potent alternative energy resources; however the economics of wind energy is not yet universally favorable to place wind at a competitive platform with coal and natural gas (fossil fuels). Economic evaluation models of wind projects developed would allow investors to better plan their projects, as well as provide valuable insight into the areas that require further development to improve the overall economics of wind energy projects.

Article Details

Optimization Model for Economic Evaluation of Wind Farms - How toOptimize a Wind Energy Project Economically and Technically

Authors: Wagner Sousa De OLİVEİRA | Antonio Jorge FERNANDES

Publisher: İlhan ÖZTÜRK

Journal: International Journal of Energy Economics and Policy 2012 Vol.2 Issue 1, pp.10-20

Document Type: Article

Publication Date: 2/2012

Document Language: Turkish

Document ID (Org No.): 2000816940

Frequency: Bimonthly

eISSN: 2146-4553

Issues

Authors:

Wagner Sousa De OLİVEİRA | Antonio Jorge FERNANDES

Publisher:

İlhan ÖZTÜRK

Journal:

International Journal of Energy Economics and Policy 2012 Vol.2 Issue 1, pp.10-20

Document Type:

Article

Publication Date:

2/2012

Document Language:

Turkish

Document ID (Org No.):

2000816940

Frequency:

Bimonthly

eISSN:

2146-4553