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Optimal Wind Portfolios in Illinois


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  • B. Andrew Chupp

    (Department of Economics, Illinois State University)

  • Emily Hickey
  • David Loomis

    (Department of Economics, Illinois State University)


Current renewable portfolio standards in Illinois call for 25% of the state’s energy to be met through renewable means by 2025, with 75% of this requirement to come from wind. The problematic intermittency of wind might be overcome by a geographically disperse portfolio of wind farms. Using wind speeds and projected power measurements for 79 potential Illinois wind farms from 2004-2006, we use mean variance portfolio theory to calculate the optimal distribution of new wind installations.

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Bibliographic Info

Paper provided by Illinois State University, Department of Economics in its series Working Paper Series with number 20110401.

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Length: 19 pages
Date of creation: Apr 2011
Date of revision:
Handle: RePEc:ils:wpaper:20110401

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Keywords: Wind Power; Optimal Portfolios;

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  1. Fabien Roques & Céline Hiroux & Marcelo Saguan, 2009. "Optimal Wind Power Deployment in Europe - a Portfolio Approach," RSCAS Working Papers 2009/17, European University Institute.
  2. Drake, Ben & Hubacek, Klaus, 2007. "What to expect from a greater geographic dispersion of wind farms?--A risk portfolio approach," Energy Policy, Elsevier, vol. 35(8), pages 3999-4008, August.
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