IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v24y1999i5p375-389.html
   My bibliography  Save this article

Cost dynamics of wind power

Author

Listed:
  • Neij, L

Abstract

This paper describes an analysis of the prospects of reducing the cost of wind-generated electricity. Special attention has been paid to the dynamic development of wind turbines, i.e. development based on experience gained in the production and use of wind turbines. Historical and future cost reductions associated with wind turbines are described using experience curves. The results of the analysis show that although the experience curve for wind turbines indicates relatively moderate cost reductions there is potential for considerable cost reductions in wind-generated electricity. This is due to the fact that the cost of wind-generated electricity will be affected by improved performance and reduced operating and maintenance costs, in addition to the reduction in cost of wind turbines. The results show that the average cost of wind-generated electricity will almost be reduced by half by the year 2020, assuming an annual market growth of 15–20%.

Suggested Citation

  • Neij, L, 1999. "Cost dynamics of wind power," Energy, Elsevier, vol. 24(5), pages 375-389.
    • Handle: RePEc:eee:energy:v:24:y:1999:i:5:p:375-389
    DOI: 10.1016/S0360-5442(99)00010-9
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544299000109
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/S0360-5442(99)00010-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Grubb, M. J., 1991. "The integration of renewable electricity sources," Energy Policy, Elsevier, vol. 19(7), pages 670-688, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Weitzel, Timm & Glock, Christoph H., 2018. "Energy management for stationary electric energy storage systems: A systematic literature review," European Journal of Operational Research, Elsevier, vol. 264(2), pages 582-606.
    2. Michael R. Milligan, 2000. "Wind Power Planning and Operational Benefits and Issues in Evolving Competitive Markets," Energy & Environment, , vol. 11(4), pages 439-459, July.
    3. Grubb, Michael & Butler, Lucy & Twomey, Paul, 2006. "Diversity and security in UK electricity generation: The influence of low-carbon objectives," Energy Policy, Elsevier, vol. 34(18), pages 4050-4062, December.
    4. Romeiro, Diogo Lisbona & Almeida, Edmar Luiz Fagundes de & Losekann, Luciano, 2020. "Systemic value of electricity sources – What we can learn from the Brazilian experience?," Energy Policy, Elsevier, vol. 138(C).
    5. Ren, Guorui & Liu, Jinfu & Wan, Jie & Guo, Yufeng & Yu, Daren, 2017. "Overview of wind power intermittency: Impacts, measurements, and mitigation solutions," Applied Energy, Elsevier, vol. 204(C), pages 47-65.
    6. Rozakis, Stelios & Soldatos, Peter G & Papadakis, George & Kyritsis, Spyros & Papantonis, Dimitris, 1997. "Evaluation of an integrated renewable energy system for electricity generation in rural areas," Energy Policy, Elsevier, vol. 25(3), pages 337-347, February.
    7. Beenstock, Michael, 1995. "The stochastic economics of windpower," Energy Economics, Elsevier, vol. 17(1), pages 27-37, January.
    8. Hartner, Michael & Ortner, André & Hiesl, Albert & Haas, Reinhard, 2015. "East to west – The optimal tilt angle and orientation of photovoltaic panels from an electricity system perspective," Applied Energy, Elsevier, vol. 160(C), pages 94-107.
    9. Trainer, FE, 1995. "Can renewable energy sources sustain affluent society?," Energy Policy, Elsevier, vol. 23(12), pages 1009-1026, December.
    10. Leijon, Mats & Skoglund, Annika & Waters, Rafael & Rehn, Alf & Lindahl, Marcus, 2010. "On the physics of power, energy and economics of renewable electric energy sources – Part I," Renewable Energy, Elsevier, vol. 35(8), pages 1729-1734.
    11. Sinden, Graham, 2007. "Characteristics of the UK wind resource: Long-term patterns and relationship to electricity demand," Energy Policy, Elsevier, vol. 35(1), pages 112-127, January.
    12. Skoglund, Annika & Leijon, Mats & Rehn, Alf & Lindahl, Marcus & Waters, Rafael, 2010. "On the physics of power, energy and economics of renewable electric energy sources - Part II," Renewable Energy, Elsevier, vol. 35(8), pages 1735-1740.
    13. Philippe Menanteau & Dominique Finon & Marie-Laure Lamy, 2004. "L'intégration de la production intermittente dans les marchés électriques libéralisés : des surcoûts techniques aux pénalités économiques imposées par les règles de fonctionnement des marchés," Post-Print halshs-00001311, HAL.
    14. Garcia, Raquel S. & Weisser, Daniel, 2006. "A wind–diesel system with hydrogen storage: Joint optimisation of design and dispatch," Renewable Energy, Elsevier, vol. 31(14), pages 2296-2320.
    15. Hirth, Lion, 2016. "The benefits of flexibility: The value of wind energy with hydropower," Applied Energy, Elsevier, vol. 181(C), pages 210-223.
    16. Anderson, Dennis & Leach, Matthew, 2004. "Harvesting and redistributing renewable energy: on the role of gas and electricity grids to overcome intermittency through the generation and storage of hydrogen," Energy Policy, Elsevier, vol. 32(14), pages 1603-1614, September.
    17. Porse, Erik & Fournier, Eric & Cheng, Dan & Hirashiki, Claire & Gustafson, Hannah & Federico, Felicia & Pincetl, Stephanie, 2020. "Net solar generation potential from urban rooftops in Los Angeles," Energy Policy, Elsevier, vol. 142(C).
    18. Lion Hirth, 2013. "The Market Value of Variable Renewables. The Effect of Solar and Wind Power Variability on their Relative Price," RSCAS Working Papers 2013/36, European University Institute.
    19. Lamont, Alan D., 2008. "Assessing the long-term system value of intermittent electric generation technologies," Energy Economics, Elsevier, vol. 30(3), pages 1208-1231, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:24:y:1999:i:5:p:375-389. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.