In this paper, we model the economic feasibility of compressed air energy storage (CAES) to improve wind power integration. The Base Case is a wind park with 100 MW of installed capacity and no storage facility. In Variant 1 we add a central CAES system with 90 MW of compressor and 180 MW of...

This working paper maps out the structure and value chains of the wind industry, analyzes the wind industry's increasing global integration via cross-border trade and investment flows, and offers recommendations to policymakers for the design of investment and trade policies to help realize wind...

China’s economic rise has transformed the global economy in a number of manufacturing industries. This paper investigates whether China’s transformative influence extends to the new green economy. Drawing on the debate about how China is driving major economic changes in the world – the...

The expansion of wind-generation in the United States poses significant challenges to policy-makers, particularly because wind’s intermittency and unpredictability can exacerbate problems of congestion on a transmission constrained grid. Understanding these issues is necessary if optimal...

This paper provides a model-free approach based on the Multi-Resolution Simultaneous Perturbation Stochastic Approximation (MR-SPSA) for maximizing power production of wind farms. The main advantage is that the method based on MR-SPSA can achieve fast controller tuning without any plant model by...

The world in which we live in is changing. We got used to cheap and abundant energy resources, we developed a way of life that is based on massive energy consumption and that is about to finish. Our primary energy sources are about to end, and to maintain our development and our comfortable...

Accurate prediction of offshore wind power generation is essential for efficient power scheduling and grid integration. This study introduces an innovative hybrid forecasting approach to address variability in power output due to different climatic conditions and challenges in measuring offshore...

Designing auctions that favor low resource quality installations allows countries to geographically diversify their renewable energy production, while lowering payments to low-cost producers. In this paper, we develop a stylized model showing that a discriminatory auction design favoring...