A mathematical approach to minimizing the cost of energy for large utility wind turbines

Jincheng Chen, Feng Wang and Kim A. Stelson

Applied Energy, 2018, vol. 228, issue C, 1413-1422

Abstract: With the aim of reducing green gas emission, wind turbine installations worldwide have grown rapidly in recent years. Wind energy itself is free, but has costs due to the wind turbine infrastructure and maintenance. The installation size of the wind turbine at a specific location is not only determined by the wind statistics at that location, but also by the turbine infrastructure and the maintenance cost. The payback time of the turbine is determined by the turbine cost of energy (COE). In this paper, a mathematical approach is proposed to minimize the turbine cost of energy based on wind statistics. Turbine annual energy production (AEP) is calculated based on turbine output power and annual wind speed distribution. A wind turbine cost model developed by U.S. National Renewable Energy Laboratory (NREL) is used for turbine cost analysis. The turbine cost of energy model includes the turbine rated power and the turbine rated wind speed. Finally a general guideline to minimize the turbine COE is presented. Three case studies are conducted to show the effectiveness of the proposed approach.

Keywords: Wind turbine design; Turbine energy production; Turbine optimization; Turbine cost of energy; Wind energy economic analysis (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261918310201
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:appene:v:228:y:2018:i:c:p:1413-1422

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2018.06.150

Access Statistics for this article

Applied Energy is currently edited by J. Yan

More articles in Applied Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().