Wind power revenue potential: Simulation for Finland
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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Authors
Date
2021-05-31
Major/Subject
Mcode
Degree programme
Language
en
Pages
23
1111-1133
1111-1133
Series
Energy Engineering: Journal of the Association of Energy Engineering, Volume 118, issue 4
Abstract
Potential revenue from wind power generation is an important factor to be considered when planning a wind power investment. In the future, that may become even more important because it is known that wind power generation tends to push electricity wholesale prices lower. Consequently, it is possible that if a region has plenty of installed wind power capacity, revenue per generated unit of electricity is lower there than could be assumed by looking at the mean electricity wholesale price. In this paper, we compare 17 different locations in Finland in terms of revenue from wind power generation. That is done by simulating hourly generation with three different turbine types at two different hub heights and multiplying that by the hourly electricity spot price for years 2018 and 2019. Estimated revenues differ greatly between locations and turbine types, major factor being technical potential i.e., the amount of electricity generated. Differences between revenues per generated MWh seem to be small, however, the smallest figures being on the western coast where installed capacities are also the largest in Finland.Description
Funding Information: The author wants to thank teachers and professors who have educated him throughout his education and especially Dr. Ali Khosravi who was the supervisor of the Bachelor?s Thesis and with his experience contributed to this study. Publisher Copyright: © 2021, Tech Science Press. All rights reserved.
Keywords
Finland, Renewable energy, Resource assessment, Revenue, Wind power
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Citation
Paaso, S & Khosravi, A 2021, ' Wind power revenue potential : Simulation for Finland ', Energy Engineering: Journal of the Association of Energy Engineering, vol. 118, no. 4, pp. 1111-1133 . https://doi.org/10.32604/EE.2021.014949