Development of investment strategies for wind power generation

This paper develops investment strategies for wind power generation under the assumption that generation capacity and investment resources are flexible. The investment problem is formulated as a mixed-integer programming problem with the constraints specified as intervals and the net present value o...

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Main Authors:	Chanapan Kongnam, Somboon Nuchprayoon
Format:	Conference Proceeding
Published:	2018
Subjects:	Energy Engineering
Online Access:	https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=49249096095&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/61040
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Institution:	Chiang Mai University

id	th-cmuir.6653943832-61040
record_format	dspace
spelling	th-cmuir.6653943832-610402018-09-10T04:03:38Z Development of investment strategies for wind power generation Chanapan Kongnam Somboon Nuchprayoon Energy Engineering This paper develops investment strategies for wind power generation under the assumption that generation capacity and investment resources are flexible. The investment problem is formulated as a mixed-integer programming problem with the constraints specified as intervals and the net present value of generation profits as the objective. The optimum solutions are expressed in terms of number and size of each wind turbine model. The screening & ranking method is proposed to identify the most attractive investment plan among multiple optimum solutions. Sensitivity analysis is then performed to assess the impact of investment parameters. Numerical simulations have been tested with actual wind speed data and a simplified model of wind power project in the southern coast of Thailand. © 2007 IEEE. 2018-09-10T04:03:10Z 2018-09-10T04:03:10Z 2007-12-01 Conference Proceeding 2-s2.0-49249096095 10.1109/EPC.2007.4520348 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=49249096095&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/61040
institution	Chiang Mai University
building	Chiang Mai University Library
country	Thailand
collection	CMU Intellectual Repository
topic	Energy Engineering
spellingShingle	Energy Engineering Chanapan Kongnam Somboon Nuchprayoon Development of investment strategies for wind power generation
description	This paper develops investment strategies for wind power generation under the assumption that generation capacity and investment resources are flexible. The investment problem is formulated as a mixed-integer programming problem with the constraints specified as intervals and the net present value of generation profits as the objective. The optimum solutions are expressed in terms of number and size of each wind turbine model. The screening & ranking method is proposed to identify the most attractive investment plan among multiple optimum solutions. Sensitivity analysis is then performed to assess the impact of investment parameters. Numerical simulations have been tested with actual wind speed data and a simplified model of wind power project in the southern coast of Thailand. © 2007 IEEE.
format	Conference Proceeding
author	Chanapan Kongnam Somboon Nuchprayoon
author_facet	Chanapan Kongnam Somboon Nuchprayoon
author_sort	Chanapan Kongnam
title	Development of investment strategies for wind power generation
title_short	Development of investment strategies for wind power generation
title_full	Development of investment strategies for wind power generation
title_fullStr	Development of investment strategies for wind power generation
title_full_unstemmed	Development of investment strategies for wind power generation
title_sort	development of investment strategies for wind power generation
publishDate	2018
url	https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=49249096095&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/61040
_version_	1681425547145510912

Development of investment strategies for wind power generation

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