Technical-economic optimization of a wind power plant by means of a stochastic analytical model

Fortunato, B.; Mummolo, G.
July 1997

Fuel and Energy Abstracts, vol 38-4, p. 246

For the evaluation of wind power plant performance, a stochastic analytical model is presented. The model was applied to a small isolated wind system. The results obtained indicate a strong influence of wind speed stochastic variability on the minimum production costs turbine size. The economic advantage of using a stochastic analytical approach in wind system design, compared with a design procedure based on system average performances, is also shown.

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