Techno-Economic Feasibility of Installing Wind Turbines in the Region of Eastern Thrace

Ismail Cengiz Yilmaz, Deniz Yilmaz (), Ibrahim Timucin Ince and Ebru Mancuhan
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Ismail Cengiz Yilmaz: Civil Engineering Department, Faculty of Engineering, Istanbul Arel University, 34537 Istanbul, Turkey
Deniz Yilmaz: Mechanical Engineering Department, Faculty of Engineering, Istanbul Arel University, 34537 Istanbul, Turkey
Ibrahim Timucin Ince: Mechanical Engineering Department, Faculty of Engineering, Istanbul Arel University, 34537 Istanbul, Turkey
Ebru Mancuhan: Chemical Engineering Department, Faculty of Engineering, Marmara University, 34854 Istanbul, Turkey

Sustainability, 2025, vol. 17, issue 5, 1-20

Abstract: A cornerstone of climate action plans around the world, wind power is increasingly recognised as a primary source of clean, sustainable energy. Amidst the escalating challenges of global climate change, wind energy provides an essential balance, enabling environmental progress without compromising economic resilience. However, the significant investment costs associated with wind turbines require careful evaluation alongside the projected energy output to ensure both financial viability and operational efficiency. Given the localised nature of wind resources, it is essential that analysis and feasibility studies are carried out on a regional scale to take account of geographical and climatic variations, thereby maximising the effectiveness of wind energy deployment. This study presents a comprehensive analysis of wind turbine deployment in the Eastern Thrace region, using region-specific energy data and wind characteristics together with performance data from twenty comparable installations in the area. A Monte Carlo-based numerical simulation approach using probabilistic models was applied to provide valuable insights into the financial viability of wind energy investment in the region. The results show a strong potential for cost-effective wind power generation in Eastern Thrace, with an estimated 90% probability of achieving payback within five years. These results underline the economic and environmental benefits of wind energy, confirming its attractiveness to investors and its role as a key driver of sustainable development in the region.

Keywords: wind energy; sustainability; wind turbine; Monte Carlo simulation (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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