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Cash-flow analysis of a wind turbine operator

The intermittent characteristics of wind energy seriously affect the reliability and output power of wind turbine generator (WTG). The paper outlines a method to evaluate the distribution of WTG operator's daily cash-flow by developing an algorithm based on Monte-Carlo technique. Two-parameter...

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Main Authors: Muhamad Razali, N.M., Hashim, A.H.
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Published: 2018
Online Access:http://dspace.uniten.edu.my/jspui/handle/123456789/8318
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spelling my.uniten.dspace-83182018-04-28T16:33:48Z Cash-flow analysis of a wind turbine operator Muhamad Razali, N.M. Hashim, A.H. The intermittent characteristics of wind energy seriously affect the reliability and output power of wind turbine generator (WTG). The paper outlines a method to evaluate the distribution of WTG operator's daily cash-flow by developing an algorithm based on Monte-Carlo technique. Two-parameter Weibull type probability density function (PDF) is used to model wind profile at two locations. WTG's output is obtained by using power curve while also considering the availability factor derived from the Forced Outage Rate (FOR). The daily cash-flows were obtained by calculating the difference between the revenues from sales of power at feed-in-tariff and the cost of energy. The paper contributes towards a better understanding of wind profile's effect on the expected energy production and the sensitivity of profit distribution to changes in feed-in tariff. ©2009 IEEE. 2018-02-15T02:45:55Z 2018-02-15T02:45:55Z 2009 http://dspace.uniten.edu.my/jspui/handle/123456789/8318
institution Universiti Tenaga Nasional
building UNITEN Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Tenaga Nasional
content_source UNITEN Institutional Repository
url_provider http://dspace.uniten.edu.my/
description The intermittent characteristics of wind energy seriously affect the reliability and output power of wind turbine generator (WTG). The paper outlines a method to evaluate the distribution of WTG operator's daily cash-flow by developing an algorithm based on Monte-Carlo technique. Two-parameter Weibull type probability density function (PDF) is used to model wind profile at two locations. WTG's output is obtained by using power curve while also considering the availability factor derived from the Forced Outage Rate (FOR). The daily cash-flows were obtained by calculating the difference between the revenues from sales of power at feed-in-tariff and the cost of energy. The paper contributes towards a better understanding of wind profile's effect on the expected energy production and the sensitivity of profit distribution to changes in feed-in tariff. ©2009 IEEE.
format
author Muhamad Razali, N.M.
Hashim, A.H.
spellingShingle Muhamad Razali, N.M.
Hashim, A.H.
Cash-flow analysis of a wind turbine operator
author_facet Muhamad Razali, N.M.
Hashim, A.H.
author_sort Muhamad Razali, N.M.
title Cash-flow analysis of a wind turbine operator
title_short Cash-flow analysis of a wind turbine operator
title_full Cash-flow analysis of a wind turbine operator
title_fullStr Cash-flow analysis of a wind turbine operator
title_full_unstemmed Cash-flow analysis of a wind turbine operator
title_sort cash-flow analysis of a wind turbine operator
publishDate 2018
url http://dspace.uniten.edu.my/jspui/handle/123456789/8318
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score 13.160551

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