Having proved Basel II to be ineffective to prevent the global financial crisis, Basel III seeks to enhance the resilience of individual financial institutions by strengthening their capital buffer and by building counterbalancing capacity to absorb liquidity shocks. Under this new regulatory...

The increase of the wind power penetration in the electrical grids of Denmark, Germany, Spain and other countries and regions is challenging the stability of the system. The subject of this paper is to review the main problems of the connection of wind farms to the grid and how the grid codes...