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...

Wind power has seen a strong growth over the last decade. Due to its high intermittency, spot prices have become more volatile and exhibit correlated behavior with wind power fed into the system. In this paper, we develop a stochastic simulation model that incorporates the spatial dependencies...

The common practice to calculate wind generation capacity values relies more on heuristic approximations than true system estimations. In this paper we proposed a more accurate method. In the first part of our analysis, a Monte Carlo simulation was created based on Markov chains to provide an...

When large wind farms are centrally integrated in a power grid, cascading tripping faults induced by voltage issues are becoming a great challenge. This paper therefore proposes a concept of static voltage security region to guarantee that the voltage will remain within operation limits under...

In Part I of this work, a static voltage security region was introduced to guarantee the safety of wind farm reactive power outputs under both base conditions and N-1 contingency. In this paper, a mathematical representation of the approximate N-1 security region has further studied to provide...

Konno and Yamazaki (Konno, H., K. Yamazaki. 1992. Mean-absolute deviation portfolio optimization model and its applications to Tokyo stock market. Management Sci. 39 519--531.) propose the mean absolute deviation (MAD) model as an alternative to the mean variance (MV) model. They claim it...

The economic development potential that wind power offers is often an overlooked aspect of today's wind power projects. Much has been written about how wind can spur economic development, but few have attempted to quantify these impacts. Using the National Renewable Energy Laboratory's (NREL's)...

OAK-B135 Interest in wind power development is growing as a means of expanding local economies. Such development holds promise as a provider of short-term employment during facility construction and long-term employment from ongoing facility operation and maintenance. It may also support some...

OAK-B135 Interest in wind power development is growing as a means of expanding local economies. Such development holds promise as a provider of short-term employment during facility construction and long-term employment from ongoing facility operation and maintenance (O&M). It may also add to...

In the United States, there has been substantial recent growth in wind energy generating capacity, with growth averaging 24 percent annually during the past five years. About 1,700 MW of wind energy capacity was installed in 2001, while another 410 MW became operational in 2002. This year (2003)...