Optimal Wind Portfolios in Illinois
AbstractCurrent 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 InfoPaper provided by Illinois State University, Department of Economics in its series Working Paper Series with number 20110401.
Length: 19 pages
Date of creation: Apr 2011
Date of revision:
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Web page: http://economics.illinoisstate.edu
Wind Power; Optimal Portfolios;
Find related papers by JEL classification:
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
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- Fabien Roques & Céline Hiroux & Marcelo Saguan, 2009.
"Optimal Wind Power Deployment in Europe - a Portfolio Approach,"
RSCAS Working Papers
2009/17, European University Institute.
- Roques, Fabien & Hiroux, Céline & Saguan, Marcelo, 2010. "Optimal wind power deployment in Europe--A portfolio approach," Energy Policy, Elsevier, vol. 38(7), pages 3245-3256, July.
- 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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