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Stochastic life-cycle cost analysis of wind parks

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  • Lagaros, Nikos D.
  • Karlaftis, Matthew G.
  • Paida, Maria K.

Abstract

We develop a life-cycle cost model for assessing wind parks; implementing the model requires calculation of cost components that are related to wind tower structural performance for multiple wind hazard levels. We compute the structural capacity of the wind towers by means of nonlinear static structural analysis for three wind hazard levels; then, the limit state dependent and life-cycle costs for the wind park are calculated based on the proposed model. The wind load for each wind hazard level is based on actual collected data and is generated probabilistically. Application of the proposed life-cycle cost analysis model is tested for a wind park with known characteristics (number and location of wind towers, wind potential, and so on).

Suggested Citation

  • Lagaros, Nikos D. & Karlaftis, Matthew G. & Paida, Maria K., 2015. "Stochastic life-cycle cost analysis of wind parks," Reliability Engineering and System Safety, Elsevier, vol. 144(C), pages 117-127.
    • Handle: RePEc:eee:reensy:v:144:y:2015:i:c:p:117-127
    DOI: 10.1016/j.ress.2015.07.016
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    References listed on IDEAS

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    1. Mathieu A. Landry & André Leclerc & Yves Gagnon, 2013. "A Methodology for the Evaluation of the Economic Impacts of Wind Energy Projects," Energy & Environment, , vol. 24(5), pages 735-748, September.
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    4. Weaver, Tyson, 2012. "Financial appraisal of operational offshore wind energy projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5110-5120.
    5. Schleisner, L, 2000. "Life cycle assessment of a wind farm and related externalities," Renewable Energy, Elsevier, vol. 20(3), pages 279-288.
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    Cited by:

    1. Michaela Gkantou & Carlos Rebelo & Charalampos Baniotopoulos, 2020. "Life Cycle Assessment of Tall Onshore Hybrid Steel Wind Turbine Towers," Energies, MDPI, vol. 13(15), pages 1-21, August.

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