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...

For more than 20 years now, wind power has been one of the main renewable energy sources, especially in countries like Denmark, one of the pioneer countries in developing onshore wind turbines. Whereas offshore wind utilization still has a high risk profile the repowering of wind converter...

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 when feed-in management takes place, in order to avoid...

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...

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...

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...

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 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...

In this paper, we investigate the economic viability of hydrogen storage for excess electricity produced in wind power plants. To this end, we define two scenarios and use both Monte Carlo simulation and real options analysis. The use of hydrogen as a storage medium helps to increase capacity...

We develop a stochastic model for assessing the life-cycle cost and availability of wind turbines resulting from different maintenance scenarios, with the objective to identify the most cost-effective maintenance strategy. Using field-data based reliability models, the wind turbine – in terms...