Managing the risks of a wind farm in typhoon-prone areas
The paper first ascertains the increase in buckling failure risk of a wind turbine due to typhoons. This condition necessitates a study of an efficient way of managing the risks in order to avoid financial ruin. Consequently the authors proposed methods for managing typhoons risk for existing and pr...
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| Main Authors: | , |
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| Format: | text |
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Animo Repository
2006
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/faculty_research/6119 |
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| Institution: | De La Salle University |
| Summary: | The paper first ascertains the increase in buckling failure risk of a wind turbine due to typhoons. This condition necessitates a study of an efficient way of managing the risks in order to avoid financial ruin. Consequently the authors proposed methods for managing typhoons risk for existing and proposed wind farms. For the former, we explore the option of transferring the added risk to insurance. In this case, an optimum insurance premium is determined. For the latter, the risk is mitigated, by increasing the thickness of the tower. The optimum thickness is determined considering the projects' net present value and the internal rate of return. |
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