Optimal Wind Portfolios in Illinois

Benjamin Chupp, Emily Hickey and David Loomis
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David Loomis: Department of Economics, Illinois State University

No 20110401, Working Paper Series from Illinois State University, Department of Economics

Abstract: Current 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.

Keywords: Wind Power; Optimal Portfolios (search for similar items in EconPapers)
JEL-codes: G11 Q42 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2011-04
New Economics Papers: this item is included in nep-ene
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Citations: View citations in EconPapers (2)

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