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Optimal Expansion of a Hydrogen Storage System for Wind Power : A Real Options Analysis

Franzen, Stefan - 2017

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 … supply, or when the spot market electricity price falls below the estimated (efficiency-adjusted) market price of hydrogen …

Persistent link: https://www.econbiz.de/10012952781

Economic Feasibility of Kite-Based Wind Energy Powerships with CAES or Hydrogen Storage

Schmitz, Matthias - 2013

drive a generator which in turn delivers electrical energy to produce hydrogen (Alternative 2). In this study, the economic …

Persistent link: https://www.econbiz.de/10013084873

Hydrogen Storage for Wind Parks : A Real Options Evaluation for an Optimal Investment in More Flexibility

Kroniger, Daniel - 2013

In this paper, we investigate the economic viability of hydrogen storage for excess electricity produced in wind power … hydrogen as a storage medium helps to increase capacity utilization of the wind parks; in the case of disconnection of the wind … to generate hydrogen, and the selling of electricity that is generated from hydrogen at high spot market prices. Finally …

Persistent link: https://www.econbiz.de/10013074500

The Impact of Wind Farms on Property Values : A Geographically Weighted Hedonic Pricing Model

Sunak, Yasin - 2013

Wind power is the most important renewable energy source in many countries today, characterized by a rapid and extensive diffusion since the 1990s. However, it has also triggered much debate with regard to the impact on landscape and vista. Therefore, siting processes of wind farm projects are...

Persistent link: https://www.econbiz.de/10013090591

Wind Farm Siting Using a Spatial Analytic Hierarchy Process Approach : A Case Study of the Städteregion Aachen

Höfer, Tim - 2019

Wind energy is one of the most important renewable energy sources in Germany and plays a key role regarding energy and climate policy targets of the German government. However, a further diffusion of wind farms involves strong spatial implications that refer to various adverse effects on...

Persistent link: https://www.econbiz.de/10012904519

Local Impacts of Wind Farms on Property Values : A Spatial Difference-in-Differences Analysis

Sunak, Yasin - 2019

Today's investment decisions in large-scale onshore wind projects in Germany are no longer determined only by the investment's economic benefit, but also by concerns associated to social acceptance. Despite a mostly positive attitude towards the expansion of wind power, local public concerns...

Persistent link: https://www.econbiz.de/10012904703

Economic Evaluation of Maintenance Strategies for Offshore Wind Turbines Based on Condition Monitoring Systems

Walgern, Julia - 2018

An offshore wind farm's cost of energy is, to a large extent, driven by operation and maintenance costs. Through the optimization of the maintenance strategies for offshore wind farms, the Levelized Cost of Energy (LCOE) will be further reduced, which will ceteris paribus lead to a higher...

Persistent link: https://www.econbiz.de/10012912042

Concentration Versus Diversification : A Spatial Deployment Approach to Improve the Economics of Wind Power

Klie, Leo; Madlener, Reinhard - 2021

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...

Persistent link: https://www.econbiz.de/10013224752

Fuzzy Portfolio Optimization of Onshore Wind Power Plants

Madlener, Reinhard - 2014

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...

Persistent link: https://www.econbiz.de/10013062219

Economics of Small Wind Power Plants in Urban Settings : An Empirical Investigation for Germany

Grieser, Benno; Madlener, Reinhard; Sunak, Yasin - 2013

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...

Persistent link: https://www.econbiz.de/10014155551