This paper provides an in-depth analysis of investment decisions and shifts related to onshore and offshore wind power supply chains. Insights about cost reductions are generated from analyzing project financing data, using a 'European learning curve' derived from a European learning system. In...

The rise in the usage of sustainable energy conversion technologies has been remarkable. However, the growth of these technologies poses several problems, mainly concerning the net integration of intermittent energy sources, like wind and solar power, by means of advanced storage systems and the...

In this paper, we investigate the economic viability of hydrogen storage for excess electricity produced in wind power plants. To this end, we define two scenarios and use both Monte Carlo simulation and real options analysis. The use of hydrogen as a storage medium helps to increase capacity...

This paper presents a real options-based techno-economic analysis of a hydrogen-based wind energy storage system (H2-WESS) deployed adjacent to a nearshore wind farm in northern Germany. The H2-WESS can be used to produce and store hydrogen when feed-in management takes place, in order to avoid...

Previous studies on the economics of onshore wind parks in Germany found that geographic diversifi-cation results in no significant system costs savings. Furthermore, such diversification does not neces-sarily result in higher market values (Eising et al., 2020) or better merchant profitability...

In this paper we apply fuzzy set theory to the portfolio optimization of power generation assets, using a semi-mean absolute deviation (SMAD) model as a benchmark and a fuzzy semi-mean absolute deviation (FSMAD) model for comparison. The two models are applied to five onshore wind power plants...

In this paper we investigate the location-specific attractiveness of small wind turbines (SWT) for private households. In order to assess the economic viability of an investment in SWT, we analyze a set of scenarios that incorporate different types of SWT, various storage system options, support...

For more than 20 years now, wind power has been one of the main renewable energy sources, especially in countries like Denmark, one of the pioneer countries in developing onshore wind turbines. Whereas offshore wind utilization still has a high risk profile the repowering of wind converter...

This paper explores the economic benefits that wind and photovoltaic power plant operators can extract from the activation of flexible loads during their market operations. We compare two alternatives: (1) use of flexible loads to maximize relative day-ahead market value by shifting the...