The Financial Benefits of Various Catastrophic Failure Prevention Strategies in a Wind Farm: Two market studies (UK-Spain)
Resumen: Operation of wind farms is driven by the overall aim of minimising costs while maximising energy sales. However, in certain circumstances investments are required to guarantee safe operation and survival of an asset. In this paper, we discuss the merits of various catastrophic failure prevention strategies in a Spanish wind farm. The wind farm operator was required to replace blades in two phases: temporary and final repair. We analyse the power performance of the turbine in the different states and investigate four scenarios with different timing of temporary and final repair during one year. The financial consequences of the scenarios are compared with a baseline by using a discounted cash flow analysis that considers the wholesale electricity market selling prices and interest rates. A comparison with the UK electricity market is conducted to highlight differences in the rate of return in the two countries.
Idioma: Inglés
DOI: 10.1088/1742-6596/926/1/012014
Año: 2017
Publicado en: Journal of physics. Conference series 926, 012014 [1 pp] (2017)
ISSN: 1742-6588

Financiación: info:eu-repo/grantAgreement/EUR/H2020/642108
Financiación: This project has received funding from the European Union’s Horizon 2020 research and innovation program under grant agreement No H2020 642108
Tipo y forma: Article (Published version)
Área (Departamento): Ingeniería Eléctrica (Departamento de Ingeniería Eléctrica)

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Exportado de SIDERAL (2018-02-15-10:16:47)

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