Economic performance indicators of wind energy based on wind speed stochastic modeling

D’Amico, Guglielmo, Filippo Petroni and Flavio Prattico

Applied Energy, 2015, vol. 154, issue C, 290-297

Abstract: We propose the computation of different wind energy production indicators and financial profitability of potential wind power sites. The computation is performed by modeling the wind speed process as an indexed semi-Markov chain to predict and simulate the wind speed dynamics.

Keywords: Wind speed; Indexed semi-Markov chains; Monte Carlo simulation; Financial indicators (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:154:y:2015:i:c:p:290-297

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DOI: 10.1016/j.apenergy.2015.04.124

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