Hirth, Lion; Ueckerdt, Falko; Edenhofer, Ottmar - 2014
three dimensions - time, space, and lead-time. Consequently, different generation technologies, such as coal and wind power … generators, but especially for variable renewables such as wind and solar power. We propose a definition of "variability", derive … shows that variability can reduce the value of wind power by 20-50%. Thus it is crucial that economic analysis accounts for …