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Understanding the variability of wind power costs

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  • Valentine, Scott Victor
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    Abstract

    Wind power has a significant contribution to make in efforts to abate CO2 emissions from global energy systems. Currently, wind power generation costs are approaching parity with costs attributed to conventional, carbon-based sources of energy but the economic advantage still rests decidedly with conventional sources. Therefore, there is an imperative to ensure that wind power projects are developed in the most economically optimal fashion. For wind power project developers, shaving a few tenths of a cent off of the kilowatts per hour cost of wind power can mean the difference between a commercially viable project and a non-starter. For civic authorities who are responsible for managing municipally supported wind power projects, optimizing the economics of such projects can attenuate stakeholder opposition. This paper attempts to contribute to a better understanding of how to economically optimise wind power projects by conflating research from the fields of energy economics, wind power engineering, aerodynamics, geography and climate science to identify critical factors that influence the economic optimization of wind power projects.

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    Bibliographic Info

    Article provided by Elsevier in its journal Renewable and Sustainable Energy Reviews.

    Volume (Year): 15 (2011)
    Issue (Month): 8 ()
    Pages: 3632-3639

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    Handle: RePEc:eee:rensus:v:15:y:2011:i:8:p:3632-3639

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    Related research

    Keywords: Wind power; Energy policy; Economic optimization; Wind power costs;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Ian H. Rowlands, 2007. "The Development of Renewable Electricity Policy in the Province of Ontario: The Influence of Ideas and Timing," Review of Policy Research, Policy Studies Organization, vol. 24(3), pages 185-207, 05.
    2. Firestone, Jeremy & Kempton, Willett, 2007. "Public opinion about large offshore wind power: Underlying factors," Energy Policy, Elsevier, vol. 35(3), pages 1584-1598, March.
    3. Ackermann, Thomas & Söder, Lennart, 2002. "An overview of wind energy-status 2002," Renewable and Sustainable Energy Reviews, Elsevier, vol. 6(1-2), pages 67-127.
    4. Bolinger, Mark & Wiser, Ryan, 2009. "Wind power price trends in the United States: Struggling to remain competitive in the face of strong growth," Energy Policy, Elsevier, vol. 37(3), pages 1061-1071, March.
    5. Markevicius, Antanas & Katinas, Vladislovas & Marciukaitis, Mantas, 2007. "Wind energy development policy and prospects in Lithuania," Energy Policy, Elsevier, vol. 35(10), pages 4893-4901, October.
    6. Valentine, Scott Victor, 2010. "Canada's constitutional separation of (wind) power," Energy Policy, Elsevier, vol. 38(4), pages 1918-1930, April.
    7. DeCarolis, Joseph F. & Keith, David W., 2006. "The economics of large-scale wind power in a carbon constrained world," Energy Policy, Elsevier, vol. 34(4), pages 395-410, March.
    8. Valentine, Scott Victor, 2010. "A STEP toward understanding wind power development policy barriers in advanced economies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2796-2807, December.
    9. Lenzen, Manfred & Munksgaard, Jesper, 2002. "Energy and CO2 life-cycle analyses of wind turbines—review and applications," Renewable Energy, Elsevier, vol. 26(3), pages 339-362.
    10. Maruyama, Yasushi & Nishikido, Makoto & Iida, Tetsunari, 2007. "The rise of community wind power in Japan: Enhanced acceptance through social innovation," Energy Policy, Elsevier, vol. 35(5), pages 2761-2769, May.
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    Cited by:
    1. Zhao, Zhen-yu & Sun, Guang-zheng & Zuo, Jian & Zillante, George, 2013. "The impact of international forces on the Chinese wind power industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 131-141.

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