Author
Listed:
- Woźniak, Agnieszka Dorota
- Kluczek, Aldona
Abstract
The economic efficiency of wind turbines is a key driver of the energy transition, particularly as global demand for electricity continues to rise. Small-scale wind systems, especially in distributed energy models, require both technical and financial optimization to ensure feasibility. This study proposes a novel approach by integrating vertical wind shear and terrain conditions into both aerodynamic rotor blade design and economic evaluation. The research demonstrates that accounting for vertical wind speed profiles and terrain conditions significantly enhance turbine efficiency and improve economic outcomes. By optimizing blade geometry based on local wind characteristics, this study shows how these adjustments can positively influence key economic indicators like Net Present Value, Internal Rate of Return (IRR) and Levelized Cost of Electricity, making investments more profitable. Applied to a 10-kW turbine under Polish inland conditions, the shear-aware design reduces LCOE from 0.35 to 0.26 €/kWh and raises IRR from −6% to +7%, with a payback of about six years for the optimized case. A 1000-run Monte Carlo analysis confirms that wind speed and electricity price are the most influential drivers, and that profitability remains sensitive to their joint variability. After a 13-year project horizon, the shear-optimized turbine achieves a positive NPV of ∼105 k€, compared with ∼97 k€ under the uniform-flow assumption. This confirms that accounting for vertical wind speed gradients significantly accelerates investment recovery and enhances long-term profitability
Suggested Citation
Woźniak, Agnieszka Dorota & Kluczek, Aldona, 2026.
"Evaluation of the economic efficiency of a wind turbine considring wind shear in the blade design,"
Economic Analysis and Policy, Elsevier, vol. 90(C), pages 220-237.
Handle:
RePEc:eee:ecanpo:v:90:y:2026:i:c:p:220-237
DOI: 10.1016/j.eap.2026.01.017
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:90:y:2026:i:c:p:220-237. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
We have no bibliographic references for this item. You can help adding them by using this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.